Current Affairs Daily MCQ on 5th April 2017

Hello, Readers. Welcome to the Current Affairs Quiz 6th April 2017 Quiz on UPSCSuccess.com Current Affairs. These quizzes cover all important events from Current Affairs section, which is common for all the bank exams and other competitive exams.
{20 questions with answers and explanations}

Question 1 Choose the correct statement with reference to Kani maranjandu which was in news recently.

a) It is a tree dwelling crab species.
b) It is a terrestrial crab species.
c) The species is named after Kani tribe in Kerala.
d) Both 1 and 3
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[su_spoiler title=”Click to view answer”] d) Both 1 and 3 [/su_spoiler]
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Question 2 Consider the following form of taxes:

  1. Income tax
  2. Wealth tax
  3. Fringe benefit tax

which of the following are part of direct tax?
a) 1 only
b) 1,2
c) 2,3
d) All
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[su_spoiler title=”Click to view answer”] d) All [/su_spoiler]
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Question 3 Consider the following statement with reference to Uttarayan Festival

which was in news recently:
a) It is an International Kite festival held at Ahmadabad.
b) The idea of flying kites to celebrate Uttrayan was introduced by Muslims from Persia.
c) Both a and b
d) Neither a nor b
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[su_spoiler title=”Click to view answer”] c) Both a and b [/su_spoiler]
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Question 4. Which of the following state does not share boundary with Myanmar?

a) Arunachal Pradesh
b) Meghalaya
c) Manipur
d) Nagaland
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[su_spoiler title=”Click to view answer”] Meghalaya [/su_spoiler]
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Question 5. What do you mean by Masala Bond?

a) Masala bonds are bonds issued outside India but denominated in Indian Rupees.
b) Masala bonds are bonds issued outside India but denominated in US dollars.
c) Masala bonds are bonds issued outside India but denominated in UK dollars.
d) None of the above.
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[su_spoiler title=”Click to view answer”] a) Masala bonds are bonds issued outside India but denominated in Indian Rupees. [/su_spoiler]
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Question 6. Sometimes Base Erosion and Profit Shifting (BEPS) in news. What are they?

a) Resolving NPA crisis in banking sector
b) Tax avoidance strategy
c) Free movement of skilled professional across countries
d) Free movement of goods across countries
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[su_spoiler title=”Click to view answer”] b) Tax avoidance strategy [/su_spoiler]
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