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Question 1 of 5
1. Question
1 pointsConsider the following with respect to Dividend Distribution Tax (DDT) in the Budget 2020-21-
- The Dividend Distribution Tax is taxable at source and is deducted at the time of the distribution.
- The Budget-2020-21 declared imposition of 20% DDT.
Which of the above is/are correct?
Correct
https://www.business-standard.com/about/what-is-dividend-distribution-tax-ddt
https://indianexpress.com/article/opinion/columns/income-tax-slabs-union-budget-6290112/
Dividend Distribution Tax (DDT) is a tax levied on dividends distributed by companies out of their profits among their shareholders.
The Dividend Distribution Tax is taxable at source and is deducted at the time of the distribution. According to the law, DDT is levied at the hands of the firm, and the shareholder. An exception is that when a shareholder receives more than Rs 10 lakh in dividend, they have to pay an additional tax.
Budget 2020 presented by the Finance Minister Nirmala Sitharaman on February 1, 2020, has proposed to abolish the dividend distribution tax (DDT). This is expected to bring in relief to the investors in the country. The dividend will now be taxed in the hands of the investor.Incorrect
https://www.business-standard.com/about/what-is-dividend-distribution-tax-ddt
https://indianexpress.com/article/opinion/columns/income-tax-slabs-union-budget-6290112/
Dividend Distribution Tax (DDT) is a tax levied on dividends distributed by companies out of their profits among their shareholders.
The Dividend Distribution Tax is taxable at source and is deducted at the time of the distribution. According to the law, DDT is levied at the hands of the firm, and the shareholder. An exception is that when a shareholder receives more than Rs 10 lakh in dividend, they have to pay an additional tax.
Budget 2020 presented by the Finance Minister Nirmala Sitharaman on February 1, 2020, has proposed to abolish the dividend distribution tax (DDT). This is expected to bring in relief to the investors in the country. The dividend will now be taxed in the hands of the investor. -
Question 2 of 5
2. Question
1 pointsWhich of the following notice will be issued by the Interpol in case of locating the missing person?
Correct
https://www.interpol.int/en/How-we-work/Notices/About-Notices
Yellow Notices are issued by the Interpol on the request of member countries to locate missing persons.
Red Notice-Wanted persons
Green Notice-Warnings and intelligence
Blue Notice-Additional information
Purple Notice-Modus Operandi
Orange Notice- Imminent threat
Interpol-UNSC Special Notice- Groups and Individual subject to UNSC sanctions
Incorrect
https://www.interpol.int/en/How-we-work/Notices/About-Notices
Yellow Notices are issued by the Interpol on the request of member countries to locate missing persons.
Red Notice-Wanted persons
Green Notice-Warnings and intelligence
Blue Notice-Additional information
Purple Notice-Modus Operandi
Orange Notice- Imminent threat
Interpol-UNSC Special Notice- Groups and Individual subject to UNSC sanctions
-
Question 3 of 5
3. Question
1 pointsMarket Intelligence and Early Warning System (MIEWS) portal is launched by-
Correct
The Union Food Processing Ministry has launched a new Market Intelligence and Early Warning System (MIEWS) portal to monitor the prices of TOP crops – Tomato, Onion and Potato.
Incorrect
The Union Food Processing Ministry has launched a new Market Intelligence and Early Warning System (MIEWS) portal to monitor the prices of TOP crops – Tomato, Onion and Potato.
-
Question 4 of 5
4. Question
1 pointsRAISE 2020 Summit organised by the government is about-
Correct
The Indian government announced it will hold RAISE 2020- ‘Responsible AI for Social Empowerment 2020’ summit in New Delhi between April 11 and April 12. The RAISE 2020 summit will also host a “Startup Pitchfest.”
The summit will be aimed at bringing together people to exchange ideas on the use of Artificial Intelligence for “social empowerment, inclusion and transformation” in industries such as education, smart mobility, agriculture, and healthcare among others.
Incorrect
The Indian government announced it will hold RAISE 2020- ‘Responsible AI for Social Empowerment 2020’ summit in New Delhi between April 11 and April 12. The RAISE 2020 summit will also host a “Startup Pitchfest.”
The summit will be aimed at bringing together people to exchange ideas on the use of Artificial Intelligence for “social empowerment, inclusion and transformation” in industries such as education, smart mobility, agriculture, and healthcare among others.
-
Question 5 of 5
5. Question
1 pointsConsider the following statements:
- Coal sector was nationalized by the Government of India under Indira Gandhi.
- Now, coal blocks are allocated on lottery basis.
- Till recently, India imported coal to meet the shortages of domestic supply, but now India is self – sufficient in coal product.
Which of the statements given above is/are correct?
Correct
Adequate capital investment to meet the burgeoning energy needs of the country was not forthcoming from the private coal mine owners. Unscientific mining practices adopted by some of them and poor working conditions of labour in some of the private coal mines became matters of concern for the Government. On account of these reasons, the Central Government took a decision to nationalise the private coal mines. The nationalisation was done in two phases, the first with the coking coal mines in 1971 -72 and then with the non -coking coal mines in 1973.
Statement 1 is correct.
Indira Gandhi was the Prime Minister of the country from 1971 -1973.
Statement 2 is not correct.
After the Supreme Court cancelled the coal block allocations in 2014.
To manage and reallocate the cancelled blocks in a transparent and accountable manner, the Coal Mines (Special Provisions) Act, 2015 was enacted. Enabling provisions were made in the above said Act for ‘allocation of coal mines by way of auction and allotment for the sale of coal.
In a recent notification by the Government on 20th February, the government opened up commercial coal mining for the private sector on February 20 and approved the methodology for auction of coal mines/blocks for sale of coal.
There will be an ‘ascending forward auction’ — a two-stage online auction comprising (i) technical bid and (ii) financial bid with initial and final price offers. The bid parameter will be the price offer in ₹/tonne which will be paid to the State government on the actual production of coal.
Statement 3 is not correct.
India is still one of the largest importers of Coal. Domestic coal has been able to meet only 75% of our annual coal demand. The shortfall in local coal availability is met through imports of around 200 mt.
Incorrect
Adequate capital investment to meet the burgeoning energy needs of the country was not forthcoming from the private coal mine owners. Unscientific mining practices adopted by some of them and poor working conditions of labour in some of the private coal mines became matters of concern for the Government. On account of these reasons, the Central Government took a decision to nationalise the private coal mines. The nationalisation was done in two phases, the first with the coking coal mines in 1971 -72 and then with the non -coking coal mines in 1973.
Statement 1 is correct.
Indira Gandhi was the Prime Minister of the country from 1971 -1973.
Statement 2 is not correct.
After the Supreme Court cancelled the coal block allocations in 2014.
To manage and reallocate the cancelled blocks in a transparent and accountable manner, the Coal Mines (Special Provisions) Act, 2015 was enacted. Enabling provisions were made in the above said Act for ‘allocation of coal mines by way of auction and allotment for the sale of coal.
In a recent notification by the Government on 20th February, the government opened up commercial coal mining for the private sector on February 20 and approved the methodology for auction of coal mines/blocks for sale of coal.
There will be an ‘ascending forward auction’ — a two-stage online auction comprising (i) technical bid and (ii) financial bid with initial and final price offers. The bid parameter will be the price offer in ₹/tonne which will be paid to the State government on the actual production of coal.
Statement 3 is not correct.
India is still one of the largest importers of Coal. Domestic coal has been able to meet only 75% of our annual coal demand. The shortfall in local coal availability is met through imports of around 200 mt.
Results
1 of 5 questions answered correctly
You have reached 1 of 5 points, (20%)
?The Union Food Processing Ministry has launched a new Market Intelligence and Early Warning System (MIEWS) portal to monitor the prices of TOP crops – Tomato, Onion and Potato.
?RAISE 2020 Summit organised by the government is about-
Global meeting on Artificial Intelligence.
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