28 Oct 2016 | Prelims Daily: CA Questions with Tikdams & Tidbits

Dear students,

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Q.1) The Union Cabinet has accorded its approval for establishment of a National Academic Depository (NAD). Consider following statement in this regard.

1.The decision aims at bringing another dimension and enhancement of the vision of Digital India.

2.The NAD would be operationalised by NSDL Database Management Limited (NDML) and CDSL Ventures, Limited (CVL)

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

 

Q.2) Consider following statements with reference to ‘Advance Pricing Agreements (APAs)’.

1.APA program allows the taxpayer and the tax authority to avoid future transfer pricing disputes by entering into a prospective agreement.

2.The APA was introduced in the Advance Pricing Act in 2012.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

 

Q.3) Consider following statements about ‘PRAGATI (Pro-Active Governance And Timely Implementation).

1.The platform is aimed at addressing common man’s grievances, and simultaneously monitoring and reviewing important programmes

2.It offers a unique combination in the direction of cooperative federalism as it brings on one stage the Secretaries of Centre and the States.

Which of the statements given above is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

 

Q.4) Which of the following are members of ‘New Agenda Coalition’ (NAC).

1.Brazil

2.New Zealand

3.Ireland

4.India

Which of the code given above is/are correct?

a) 1 and 2 only

b) 2 and 3 only

c) 2 and 4 only

d) 1, 2 and 3 only

 

Q.5) Recently, India inks loan pact with World Bank for Eastern Freight Corridor (EDFC). Consider following statements in this regard.

1.EDFC designed for faster movement of goods between northern and eastern parts of India.

2.The objective of the project is to augment railway freight carrying capacity along the railway corridor between Ludhiana and Kolkata.

Which of the statements given above is/are incorrect?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2


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