Current Affairs MCQ for UPSC Exams – 02 February 2017

Q.1- Which of the following is/are changes introduced in Budget 2017?

1. Tax slab for 10% tax has been changed to 5 to 10 lakh
2. All sources of political funding has been put under the ceiling of 2000 rupees.

A. 1 only
B. 2 only
C. Both
D. None

Q.2- A decrease in tax to GDP ratio of a country indicates which of the following?

1. Slowing economic growth rate
2. Less equitable distribution of national income

Select the correct answer using the code given below.

(a) I only
(b) 2 only
(c) Both 1 and 2
(d) Neither I nor 2

Q.3- Which of the following is/are correct regarding msme?

1. Micro enterprise is an enterprise whose investment in plant and machinery is upto 10 lakes
2. Medium enterprise is an enterprise whose investment in plant and machinery is in between 5 crores and 10 crores

A. 1 only
B. 2 only
C. Both
D. None

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