Current Affairs MCQ for UPSC Exams – 17 June 2016

Current Affairs MCQ for UPSC Exams – 17 June 2016

Q.1- Which of the following statements is/are correct regarding tax payment in India?

1. Only 10 percent of Indian pay income tax
2. Since 2000-01 income tax collection in India has seen 9 fold rise

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

Q.2-Consider the following actions which the Government can take:

1. Devaluing the domestic currency.
2. Reduction in the export subsidy.
3. Adopting suitable policies which attract greater FDI and more funds from FIIs.

Which of the above action/actions can help in reducing the current account deficit?

A. 1 and 2
B. 2 and 3
C. 3 only
D. 1 and 3

Q.3- Which of the following statements is/are correct regarding European Union?

1. All EU countries have single currency
2. EU has formed immediately after World War II

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

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