05 Nov 2023 Test QP
05 Nov 2023 Test QP
05 Nov 2023 Test QP
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Syllabus
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Q3. Which of the following statements Q5. Consider the following statements:
are correct with reference to the 1. Under a proclamation of national
national emergency? emergency, the Government of
1. Both the houses of the India can issue directions to a
Parliament have to approve the State on any matter.
proclamation of emergency 2. During the national emergency,
sitting separately. the Parliament can extend the
2. The proclamation of emergency normal life of the House of the
has to be approved by a simple People by a period not exceeding
majority. six months at a time.
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above are related to the centre-state Q13. Consider the following statements in
relations? context of Financial Emergency:
(a) Only two 1. Once a financial emergency is
(b) Only three approved by the Parliament, it
(c) Only four continues indefinitely till it is
(d) All five revoked.
2. The resolution approving
Q11. Which of the following constitutional proclamation of emergency
amendment lowered the voting age requires only a simple majority.
of elections to the Lok Sabha and to 3. The proclamation of emergency
the Legislative Assemblies of States has to be approved by both the
from 21 years to 18 years? Houses of Parliament within two
(a) 69th Constitutional Amendment months from the date of its
Act, 1991 issue.
(b) 42nd Constitutional Amendment Which of the statements given above
Act, 1976 are correct?
(c) 61st Constitutional Amendment (a) 1 and 2 only
Act, 1988 (b) 2 and 3 only
(d) 73rd Constitutional Amendment (c) 1 and 3 only
Act, 1992 (d) 1, 2 and 3
Q12. Consider the following pairs: Q14. Which of the following is/are not the
Taxation power Example effect of financial emergency?
1. Taxes levied by : Stamp duties 1. All money bills and other
the Centre but on bills of financial bills of the state can be
collected and exchange reserved for the consideration of
appropriated by the President once passed by the
the States state legislature.
2. Taxes levied : Estate duty 2. Salaries and allowances of all
and collected by on property class of persons serving the
the Centre but other than Union can be reduced.
assigned to the agricultural 3. Salaries and allowances of both
States land the judges of the Supreme Court
3. Taxes levied : Corporation and the High Court can be
and collected by Tax reduced.
the Centre but Select the correct answer using the
distributed code given below.
between the (a) 1 only
Centre and the (b) 2 only
States (c) 3 only
4. Taxes levied : Excise duty (d) None
and collected on alcoholic
and retained by liquors for Q15. Consider the following pairs:
the States human Constitutional Subject matter
consumption Amendment
How many of the above given pairs 1. 100th : National Judicial
are correctly matched? Amendment Appointments
(a) Only one Act Commission to
(b) Only two replace Collegium
(c) Only three system
(d) All four 2. 101st : Constitutional
Amendment status to
Act National
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Q21. Which of the following best describe Q25. Consider the following statements
tax buoyancy? about Cess in India:
(a) The ratio of tax revenue to GDP. 1. Cess is imposed to fund specific
(b) The responsiveness of tax activities like education, health,
revenue with respect to changes or infrastructure development.
in the GDP. 2. It is used for routine government
(c) The percentage change in tax expenditure.
revenue with respect to a change Which of the above statements
in tax rates. is/are correct?
(d) The absolute tax revenue (a) 1 only
collected annually. (b) 2 only
(c) Both 1 and 2
Q22. Which tax is likely to have higher (d) Neither 1 nor 2
elasticity?
(a) Tax on luxury cars Q26. Consider the following statements
(b) Tax on basic food items about the Minimum Alternate Tax
(c) Tax on essential medicines (MAT) regime in India:
(d) Property Tax 1. The MAT regime was introduced
in India for the first time in 1996
Q23. Consider the following pairs: to deal with the problem of zero
Taxation Meaning tax companies.
system 2. Under the regime in FY 2023-24,
1. Progressive : A tax system a company has to pay at least
Taxation where tax rate 18.5% of the book profit (and
increases as the Cess & Surcharge as applicable)
income increases as corporate tax.
2. Proportional : Everyone pays the Which of the above statements
is/are not correct?
Taxation same percentage
(a) 1 only
of their income as (b) 2 only
tax (c) Both 1 and 2
3. Regressive : Leads to higher (d) Neither 1 nor 2
Taxation tax burden on
low-income Q27. Consider the following statements
individuals about Taxation Laws (Amendment)
How many of the above pairs are Act, 2019:
correctly matched? 1. The changes made through
(a) Only one amendment are focused upon
(b) Only two increasing India's attractiveness
(c) All three as a preferred destination for
(d) None investments.
2. The amendment will also
Q24. Consider the following types of contribute towards improving
taxes: the ease of doing business for
1. Income Tax new domestic manufacturing
2. Corporate Tax companies.
3. Wealth Tax 3. It will also lead to increased
revenue for government in short
4. Securities Transaction Tax
run.
How many of the above taxes is/are Which of the above statements
type of Direct Taxes? is/are correct?
(a) Only one (a) 1 only
(b) Only two (b) 1 and 2 only
(c) Only three (c) 2 and 3 only
(d) All four (d) 2 only
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Q28. Akhilesh Ranjan Committee was in Q32. Consider the following facts
news recently with reference to: regarding Maldives:
(a) Insolvency and Bankruptcy 1. It is separated from
Reforms Lakshadweep by 9-degree
(b) Banking Reforms channel.
(c) Direct Tax Reforms 2. It is one of the founding
(d) Assessing poverty estimation in members of SAARC.
India 3. The equator doesn’t pass
through Maldives.
Q29. Consider the following statements How many of the statements given
about Direct Tax collection in India: above are correct?
1. Net Direct Tax collection in FY (a) Only one
2022-23 has reached an all-time (b) Only two
high. (c) All three
2. Direct taxes in India are (d) None
progressive and thus they bring
Q33. Project Sashakt is a program
equity in society.
launched by the Government of
Which of the above statements
India:
is/are correct?
(a) To provide institutional credit to
(a) 1 only
marginal farmers in rural areas.
(b) 2 only
(b) For the resolution of stresses
(c) Both 1 and 2
assets with PSU banks.
(d) Neither 1 nor 2
(c) Skill development mission for
rural youth.
Q30. Faceless assessment scheme has
(d) To financially empower tribal
contributed to India's Direct Tax
women.
administration in which of the
following ways: Q34. Which of the following countries
(a) It has led to expeditious disposal does not have a coastline along the
of cases. Gulf of Guinea?
(b) It has increased transparency (a) Nigeria
and efficiency. (b) Ghana
(c) It has led to use of data driven (c) Benin
selection of cases. (d) Chad
(d) All of the above
Q35. Consider the following statements
Q31. Consider the following statements regarding Non-Performing Assets
with respect to Laffer Curve: (NPAs):
1. The tax revenue of government 1. An asset which remains as NPAs
always increases with increase in for less than or equal to 12
tax rate. months is called as doubtful
2. The tax revenue of government asset.
at tax rate of 100% is zero. 2. An asset which remains as NPAs
Which of the above statements for more than 12 months is
is/are correct? called as substandard asset.
(a) 1 only 3. Stressed assets include
(b) 2 only restructured loans, not the
(c) Both 1 and 2 written off assets.
(d) Neither 1 nor 2 How many of the statements given
above is/are not correct?
(a) None
(b) Only one
(c) Only two
(d) All three
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Q36. What are the outcomes of a high Which of the statements given above
level of Non-Performing Assets? are not correct?
1. Decreased income for bank (a) 1 and 2 only
2. Decreased fiscal burden on (b) 2 and 3 only
government (c) 1 and 3 only
3. Decline in credit ratings of bank (d) 1, 2 and 3
4. Reduced profitability and capital
erosion Q39. Consider the following statements
5. Expanded Lending capacity regarding Road Infrastructure in
Which of the above statements are India:
correct? 1. India has the third largest road
(a) 1, 2 and 5 only infrastructure after USA and
(b) 1, 3 and 4 only China.
(c) 2, 4, and 5 only 2. The total road length in 2019
(d) 1, 2 and 3 only has increased by five folds since
1991 level.
Q37. Consider the following statements 3. National highways carry almost
regarding Pradhan Mantri Gram 40% of the total road traffic in
Sadak Yojana (PMGSY): India, but they constitute nearly
1. PMGSY is a centrally sponsored 2% of the total road network.
scheme launched under Ministry How many of the statements given
of Road Transport and above is/are correct?
Highways. (a) Only one
2. The eligibility under the PMGSY (b) Only two
scheme was based on a (c) All three
population size of 500 or more (d) None
in plain areas and 250 in
Himalayan states. Q40. With respect to Aditya-L1 mission,
3. The objective of the scheme is to consider the following statements:
connect unconnected habitations 1. It is the first space-based
with adequate all-weather roads. observatory class Indian solar
Which of the above statements are mission to study the sun.
correct? 2. The launch was conducted using
(a) 1 and 2 only PSLV-C57 rocket.
(b) 2 and 3 only 3. The objective is to gain a
(c) 1 and 3 only deeper understanding of the
(d) 1, 2 and 3 Sun's behavior, its radiation,
heat, particle flow and
Q38. With respect to Unity Malls, consider magnetic fields and how they
the following statements: impact Earth.
1. The Ministry of commerce and How many of the statements given
industry has issued guidelines to above is/are correct?
states regarding the construction (a) Only one
of unity malls. (b) Only two
2. It will act as a one stop market (c) All three
place for promotion and sale of (d) None
One District One Product, GI
Product, Handicraft Product and
other local products.
3. Central government has
allocated amount of Rs 1 Lakh
crore to states to help them build
unity malls.
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