Current Affairs MCQ for UPSC Exams - 19 April 2019

Q1. With respect to the Indo-Pak trade across the LoC,which of the following statements are true ?

1) The LoC trade is meant to facilitate exchange of goods of common use between local populations across the LoC in Jammu & Kashmir. The trade is allowed through two Trade Facilitation Centres located at Salamabad and Chakkan-da-Bagh.
2) But it has been revealed that the trade has changed its character to mostly third party trade and products from other regions, including foreign countries, are finding their way through this route.
3) After the Pulwama incident, Government of Pakistan has withdrawn the MFN status to India .

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

Q2. Which of the following constitutes the immediate hazardous effect of earthquake ?

1) Soil liquefaction
2) Tsunami
3) Fires
4) Structural collapse
5) Volcanic eruptions

a) 1,2& 3 only
b) 1,2,3 & 4 only
c) 3 & 5 only
d) all of the above

Q3. Consider the following statements with respect to taxation of NRI’s in India :

1) Taxation of non-residents in India is governed by the provisions of the Income-tax Act, 1961 and the provisions of the Double Taxation Avoidance Agreements adopted by the Central Government.
2) The business income of a non-resident can be taxed in India if it satisfies the requisite thresholds provided under the IT Act as well as the threshold provided in the applicable tax treaty, by the concept of Permanent Establishment (PE).
3) A permanent establishment (PE) is a fixed place of business which generally gives rise to income or value-added tax liability in a particular jurisdiction.

Which of the above statements are true ?
a) 1 & 2 only
b) 2 & 3 only
c) 1 & 3 only
d) all of the above

Q4. Which of the following statements regarding recently launched satellite ‘Raavana-1’ are true ?

1) Sri Lanka’s first satellite ‘Raavana-1’ was launched into space today from ISRO’s Abdul Kalamisland off the Odisha coast.
2) ‘Raavana 1’ weights around 1.05 kg and the lifespan of the satellite is around one and a half years.
3)The launch marks Sri Lanka’s entry into the global space age its camera mission is to capture images of Sri Lanka and its neighbouring countries.

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

Q5. The recently concluded ‘IN-VPN’BILAT EX naval exercise took place between India and which one of the following countries ?

a) Thailand
b) Malaysia
c) Vietnam
d) Cambodia

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ANSWER:

1(a), 2(b), 3(d), 4(b), 5(c)