UPSC Quiz – 2020 : IASbaba’s Daily Current

Affairs Quiz Day 40

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Q.1) Consider the following statements with respect to PRAGATI:

1. It is aimed at addressing common man’s grievances, and simultaneously monitoring and reviewing important programmes and projects of the Government of India as well as projects flagged by State Governments
2. It involves Digital data management, video-conferencing and geo-spatial technology

Which of the following statements is/are correct?

1. 1 Only 
2. 2 Only 
3. Both 1 and 2
4. None of the above

Q.2) Consider the following statements with respect to ‘External Commercial Borrowings (ECBs)’

1. It is governed by the Foreign Exchange Management Act, 1999 (FEMA)
2. A limited liability partnership (LLP) cannot raise ECBs

Select the correct statements 

1. 1 Only
2. 2 Only
3. Both 1 and 2
4. Neither 1 nor 2

Q.3) Consider the following statements about ‘Public Accounts Committee (PAC)’

1. It was first set up in the wake of the Montague-Chelmsford Reforms
2. It is formed every year with all the members from Rajya Sabha

Select the correct statements

1. 1 Only 
2. 2 Only
3. Both 1 and 2
4. Neither 1 nor 2

Q.4) Consider the following statements with respect to ‘equalisation levy’

1. It is aimed at taxing business-to-business transactions in the digital advertising space
2. It is an indirect tax which was introduced through Finance Act, 2016

Select the correct statements

1. 1 Only
2. 2 Only
3. Both 1 and 2
4. Neither 1 nor 2

Q.5) ‘Distance to Frontier’ score is associated with which of the following organisations?

1. World Economic Forum
2. World Bank
3. World Trade Organisation
4. International Monetary Fund

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All the Best 

IASbaba