541: Consider the following
1. Fringe Benefit Tax
2. Interest Tax
3. Securities Transaction Tax
Which of the above is/are Direct Tax/Taxes?
(a) 1 only
(b) 2 & 3
(c) 1 & 3
(d) 1, 2, 3
Explanation:
Direct tax is a tax or a kind of charge that is imposed directly to taxpayer and cannot be shifted on to others.
Direct taxes in 2006-07 ( in the order of their collection)
1. Corporation tax,
2. Income tax,
3. Securities transaction tax,
4. Banking Cash Transaction tax,
5. Fringe Benefit Tax,
6. Wealth Tax,
7. Interest tax,
8. Gift tax,
Indirect taxes in 2006-07 (in the order of their collection)
1.Union Excise duty,
2. Custom Duty,
3. Service tax,
542: As per the Solid Waste Management Rules, 2016 in India, which one of the following statements is correct?
(a) Waste generator has to segregate waste into five categories.
(b) The Rules are applicable to notified urban local bodies, notified towns and all industrial townships only.
(c) The Rules provide for exact and elaborate criteria for the identification of sites for landfills and waste processing facilities.
(d) It is mandatory on the part of waste generator that the waste generated in one district cannot be moved to another district
Explanation:
Under the Solid Waste Management, Rules 2016, waste processing facilities will have to be set up by all local bodies having 1 million or more population within two years. In case of census towns below 1 million population, setting up common, or stand-alone sanitary landfills by, or for all local bodies having 0.5 million or more population and for setting up common, or regional sanitary landfills by all local bodies and census towns under 0.5 million population will have to be completed in three years. Hence, rules provide for exact and elaborate criteria for identification of landfill sites and waste processing facilities. Hence option C is correct.
Waste generators would now have to now segregate waste into three streams- Biodegradables, Dry (Plastic, Paper, metal, Wood, etc.) and Domestic Hazardous waste (diapers, napkins, mosquito repellants, cleaning agents etc.) before handing it over to the collector. Hence, option a is incorrect.
Source: http://pib.nic.in/newsite/PrintRelease.aspx?relid=138591
543: The places Alwaye, Koyna and Korba have:
(a) Thermal Stations
(b) Oil Refineries
(c) Hydro Stations
(d) Aluminium Industries
544: To Prevent recurrence of scams in Indian Capital Market the Government of India has assigned regulatory powers to
(a) SEBI
(b) RBI
(c) SBI
(d) ICICI
Explanation:
Securities and Exchange Board of India (SBEI) was initially constituted in 1988 as a non-statutory body and later in 1992 it was given status and powers through an ordinance, for regulating Indian Capital Market.
545: Resurgent India Bonds were issued in US Dollar, Pound Sterling and
(a) Japanese Yen
(b) Deutsche Mark
(c) Euro
(d) French Franc
Explanation:
The Resurgent India Bonds were issued in US dollar, Pound Sterling and Japanese Yen.