Quiz-summary
0 of 5 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
Information
Dear students,
1. In the comments section, share your score and also let everyone know the logic you’ve used to mark certain answers. This will trigger intelligent discussions benefitting everyone.
2. Completing the test should be your top priority. Focus on accuracy rather than simply attempting more questions. Give enough thought to each question, we have increased the time limit so you can do this.
3. At the end of the test, click on ‘View Questions’ button to check the solutions.
*You can attempt the test multiple times for your own practice but only your first attempt will be counted for rankings.
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 5 questions answered correctly.
Time has elapsed
You have reached 0 of 0 points (0).
| Average score |
|
| Your score |
|
Categories
- Not categorized 0%
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
- 1
- 2
- 3
- 4
- 5
- Answered
- Review
-
Question 1 of 5
1. Question
1 pointsWhich of the following is the forum of second appeal in GST laws and the first common forum of dispute resolution between Centre and States?
Correct
Goods and Services Tax Appellate Tribunal (GSTAT)
• Goods and Services Tax Appellate Tribunal is the forum of second appeal in GST laws and the first common forum of dispute resolution between Centre and States.
• The appeals against the orders in first appeals issued by the Appellate Authorities under the Central and State GST Acts lie before the GST Appellate Tribunal, which is common under the Central as well as State GST Acts.
• Being a common forum GST Appellate Tribunal will ensure that there is uniformity in redressal of disputes arising under GST, and therefore, in implementation of GST across the country.Incorrect
Goods and Services Tax Appellate Tribunal (GSTAT)
• Goods and Services Tax Appellate Tribunal is the forum of second appeal in GST laws and the first common forum of dispute resolution between Centre and States.
• The appeals against the orders in first appeals issued by the Appellate Authorities under the Central and State GST Acts lie before the GST Appellate Tribunal, which is common under the Central as well as State GST Acts.
• Being a common forum GST Appellate Tribunal will ensure that there is uniformity in redressal of disputes arising under GST, and therefore, in implementation of GST across the country. -
Question 2 of 5
2. Question
1 pointsThe revenue from Cesses and Surcharges are deposited in:
Correct
• A cess imposed by the central government is a tax on tax, levied by the government for a specific purpose. Generally, cess is expected to be levied till the time the government gets enough money for that purpose.
• Surcharge is a charge on any tax, charged on the tax already paid. As the name suggests, surcharge is an additional charge or tax.
• The tax revenue from Cess are first credited to the CFI and the Central Government may, after due appropriation made by Parliament, utilise the money for the specified purposes.
• The main difference between surcharge and cess is that despite they are not shareable with state governments, surcharge can be kept with the CFI and spent like any other taxes.
• The cess should be kept as a separate fund after allocating to CFI and can be spent only for a specific purpose.https://www.indianeconomy.net/splclassroom/what-is-a-cess-how-it-differs-from-surcharge/
Incorrect
• A cess imposed by the central government is a tax on tax, levied by the government for a specific purpose. Generally, cess is expected to be levied till the time the government gets enough money for that purpose.
• Surcharge is a charge on any tax, charged on the tax already paid. As the name suggests, surcharge is an additional charge or tax.
• The tax revenue from Cess are first credited to the CFI and the Central Government may, after due appropriation made by Parliament, utilise the money for the specified purposes.
• The main difference between surcharge and cess is that despite they are not shareable with state governments, surcharge can be kept with the CFI and spent like any other taxes.
• The cess should be kept as a separate fund after allocating to CFI and can be spent only for a specific purpose.https://www.indianeconomy.net/splclassroom/what-is-a-cess-how-it-differs-from-surcharge/
-
Question 3 of 5
3. Question
1 pointsThe Periodic Labour Force Survey (PLFS) is released by:
Correct
• The Periodic Labour Force Survey (PLFS) was launched from 1st April 2017 by the NSSO.
• Primary aim of the PLFS is to generate reasonably accurate indicators of labour market at a short span for every quarter for which speed of quality data collection and processing are important.Incorrect
• The Periodic Labour Force Survey (PLFS) was launched from 1st April 2017 by the NSSO.
• Primary aim of the PLFS is to generate reasonably accurate indicators of labour market at a short span for every quarter for which speed of quality data collection and processing are important. -
Question 4 of 5
4. Question
1 pointsThe Sudarshan Sen Committee recommendations of RBI are related to:
Correct
Regulatory Sandbox
• A sandbox approach provides a secure environment for fintech firms to experiment with products under supervision of a regulator.
• The concept of a regulatory sandbox or innovation hub for fintech firms was mooted by a committee headed by then RBI executive director Sudarshan Sen.
• The panel, which submitted its report in November 2017, had called for a regulatory sandbox to help firms experiment with fintech solutions, where the consequences of failure can be contained and reasons for failure analysed.Incorrect
Regulatory Sandbox
• A sandbox approach provides a secure environment for fintech firms to experiment with products under supervision of a regulator.
• The concept of a regulatory sandbox or innovation hub for fintech firms was mooted by a committee headed by then RBI executive director Sudarshan Sen.
• The panel, which submitted its report in November 2017, had called for a regulatory sandbox to help firms experiment with fintech solutions, where the consequences of failure can be contained and reasons for failure analysed. -
Question 5 of 5
5. Question
1 pointsRecently a massive database, named after Seshat, the goddess of record keeping, is helping researchers explore the history. Seshat was worshipped under which of the ancient civilization?
Correct
• Seshat was the ancient Egyptian goddess of wisdom, knowledge, and writing.
• She was seen as a scribe and record keeper, and her name means she who scrivens (i.e. she who is the scribe), and is credited with inventing writing.
• She also became identified as the goddess of accounting, architecture, astronomy, astrology, building, mathematics, and surveying.Incorrect
• Seshat was the ancient Egyptian goddess of wisdom, knowledge, and writing.
• She was seen as a scribe and record keeper, and her name means she who scrivens (i.e. she who is the scribe), and is credited with inventing writing.
• She also became identified as the goddess of accounting, architecture, astronomy, astrology, building, mathematics, and surveying.
