The Current Affairs questions are based on sources like ‘The Hindu’, ‘Indian Express’ and ‘PIB’, which are very important sources for UPSC Prelims Exam. The questions are focused on both the concepts and facts. The topics covered here are generally different from what is being covered under ‘Daily Current Affairs/Daily News Analysis (DNA) and Daily Static Quiz’ to avoid duplication. The questions would be published from Monday to Saturday before 2 PM. One should not spend more than 10 minutes on this initiative.
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Consider the following statements
Select the correct statements
Solution (c)
AAR bench has clarified that if the director, is an employee of the company, there will be no incidence of GST. However, if the director is a non-executive director (ie: a nominated director), and provides his or her services to the company, then the remuneration paid is subject to GST.
AAR ruled that Integrated Goods and Service Tax (IGST) is chargeable on ex-factory inter-State supplies.
Solution (c)
AAR bench has clarified that if the director, is an employee of the company, there will be no incidence of GST. However, if the director is a non-executive director (ie: a nominated director), and provides his or her services to the company, then the remuneration paid is subject to GST.
AAR ruled that Integrated Goods and Service Tax (IGST) is chargeable on ex-factory inter-State supplies.
The terms ‘Asu’, ‘Madhura’, ‘Vistaara’ and ‘Chitra’ is associated with
Solution (a)
There are four types of poets: Asu kavi — the spontaneous poet; madhura kavi — one whose verses are pleasing; vistaara kavi — one whose poetry is elaborate and chitra kavi — one whose words come together to form an image.
Source: https://www.thehindu.com/society/faith/wizard-of-words/article31773255.ece#:~:text=There%20are%20four%20types%20of,together%20to%20form%20an%20image.
Solution (a)
There are four types of poets: Asu kavi — the spontaneous poet; madhura kavi — one whose verses are pleasing; vistaara kavi — one whose poetry is elaborate and chitra kavi — one whose words come together to form an image.
Source: https://www.thehindu.com/society/faith/wizard-of-words/article31773255.ece#:~:text=There%20are%20four%20types%20of,together%20to%20form%20an%20image.
‘Li’, a folk song was in news recently. It is primarily associated with which of the following states?
Solution (b)
Li is folk songs of the Chakesang tribe of Nagaland. Literally, Li means Folksong in the Chokri language spoken by the Chakhesang tribe of Nagaland. It often takes the place of conversation and is known to beautifully communicate feelings, ideas and engage people in a circle of warmth and friendship.
Solution (b)
Li is folk songs of the Chakesang tribe of Nagaland. Literally, Li means Folksong in the Chokri language spoken by the Chakhesang tribe of Nagaland. It often takes the place of conversation and is known to beautifully communicate feelings, ideas and engage people in a circle of warmth and friendship.
Consider the following statements with respect to ‘Employee Stock Option Plans (ESOPs)’.
Select the correct statements
Solution (c)
To compensate for the salary cuts, many companies are offering employee stock option plans (Esops). The benefit allows employees to buy stocks in the company where they work at a lower price than the fair market value (FMV).
Esops are taxed twice. Once, when the employee purchases the stocks, and second, when an employee sells them. The taxation is different for listed and unlisted companies.
Solution (c)
To compensate for the salary cuts, many companies are offering employee stock option plans (Esops). The benefit allows employees to buy stocks in the company where they work at a lower price than the fair market value (FMV).
Esops are taxed twice. Once, when the employee purchases the stocks, and second, when an employee sells them. The taxation is different for listed and unlisted companies.
‘Pitambar’, ‘Prabha’, ‘Rajendra Sonia’ and ‘Roma’ are varieties of
Solution (a)
‘Pitambar’, ‘Prabha’, ‘Rajendra Sonia’ and ‘Roma’ varieties of Turmeric.
Solution (a)
‘Pitambar’, ‘Prabha’, ‘Rajendra Sonia’ and ‘Roma’ varieties of Turmeric.
