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Current Affairs MCQ for UPSC Exams – 18 April 2015

:: National ::

Q. 1

1. Indian taxpayers have to disclose details of all bank accounts held by them in the country and also foreign trips, as per the new income tax return forms.
2. This new disclosure will start with the assessment year 2014-15.

Which of the following statements is/are true-?

a) Only 1
b) Only 2
c) Both 1 & 2
d) Neither 1 nor 2

:: International ::

Q. 2

1. India has acquired fresh leverage in its ties with China, which is seeking New Delhi’s cooperation to fulfil its aspirations to develop the critically important Silk Road blueprint.
2. China is expected to finalise with Pakistan a deal for eight diesel-electric submarines during President Xi Jinping’s visit.

Which of the following statements is/are true-?

a) Only 1
b) Only 2
c) Both 1 & 2
d) Neither 1 nor 2

:: Business and Economy ::

Q. 3

1. Union Finance Minister Arun Jaitley said that after the Modi government decided to increase the States’ share in Central taxes in line with the 14th Finance

Commission recommendations.
2. Mr. Jaitley also said the financial year that ended on March 31 was one in which the Centre’s receipts from disinvestment were highest ever.

Which of the following statements is/are true-?

a) Only 1
b) Only 2
c) Both 1 & 2
d) Neither 1 nor 2

:: Science and Technology ::

Q. 4

1. The Maharashtra Food and Drug Administration (FDA) has ordered a search of all the offices and warehouses of online retailer Shopclues, following complaints that the company was selling prescription drugs without proper licence.
2. Other online retail giants such as Flipkart and Amazon will also be reviewed for possible breach of law.