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

Dear students,

When you submit your answer, if possible, give some reasoning & more info. along with the ABACAA format. Elaborate on what you know. This helps the whole community to know more and learn more!


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


IMPORTANT STUFF: 

1. These questions are mostly derived from our daily newscards. Reading daily news from Civilsdaily’s App (click here) or website + solving these questions will help you reinforce the basics.

2. For a comprehensive preparation of IAS Prelims 2017 – consider joining one of the three Prelims Modules by CD – prelims.civilsdaily.com

3. Solutions will be uploaded at 8 p.m. Click here for solutions.

4. For attempting previous Prelims Daily Questions – Click here

5. How to apply Tikdams? Read this, this and this

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