Current Affairs MCQ for UPSC Exams - 02 February 2020

Q1. With an aim to boost listing of bonds at IFSC exchange, the government has proposed to reduce the withholding tax rate to 4% from 5%.

Which of the following statements regarding withholding tax stands true ?

1) A withholding tax, or a retention tax, is an income tax to be paid to the government by the payer of the income rather than by the recipient of the income.
2) Governments use withholding tax as a means to combat tax evasion, and sometimes impose additional withholding tax requirements if the recipient has been delinquent in filing tax returns, or in industries where tax evasion is perceived to be common.
3) They vary according to the incomes labs of the respective companies.

a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all of the above

Q2. Which of the following pairs of archaeological sites which are to be developed as iconic sites and their corresponding state locations are correctly matched ?

1) Rakhigarhi : Haryana
2) Hastinapur : Madhya Pradesh
3) Shivsagar : Assam
4) Dholavira : Karnataka
5) Adichanallur : Tamil Nadu

a) 1,2& 3 only
b) 1,3 & 5 only
c) 2,4 & 5 only
d) 2,3 & 5 only

Q3. The government has decided to abolish the anti-dumping duty on anti-dumping duty on PTA (Purified Terephthalic Acid) recently. Which of the following statements regarding the component stands true ?

1) Terepthalic acid is a commodity chemical, used principally as a precursor to the polyester PET, used to make clothing and plastic bottles.
2) Terephthalic acid is highly soluble in water and alcohols which makes its application easier.
3) It is used in the pharmaceutical industry as a raw material for certain drugs.

a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all of the above

Q4. Consider the following statements :

1) The Indian softshell turtle (Nilssoniagangetica), or Ganges softshell turtle is a species of softshell turtle found in South Asia in rivers such as the Ganges, Indus and Mahanadi.
2) The endangered turtle reaches a carapace length of up to 94 cm and feeds mostly on fish, amphibians, carrion and other animal matter, but also takes aquatic plants.
3) These turtles are often maintained in the temple ponds of Odisha where they are considered sacred.

Which of the above statements are true ?

a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all of the above

Q5. Which of the following countries is the recipient of largest share of Indian aid in the world as per latest estimates ?

a) Nepal
b) Bhutan
c) Srilanka
d) Afghanistan

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Answer :

1. (a) 2. (b) 3. (c) 4. (c) 5. (b)