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  • Question
  • Which of the following act was approved by the President Ram Nath Kovind, recently?


  • Options
  • A. Age of Consent Act, 1891
  • B. Indian Institutes of Management Act, 2017
  • C. Care and Protection of Children Act, 2015
  • D. Indian Stamp Act, 1899

  • Correct Answer
  • Indian Stamp Act, 1899 

    Explanation
    President Ram Nath Kovind gave his assent to the amendments to the Indian Stamp Act, 1899,which were introduced in the Parliament as part of the Finance Act 2019. These amendments have been introduced to regularise the system of levying stamp duty and to help in curbing tax evasion. For the stamp duty rates, the duties levied by Maharashtra will be taken as a benchmark as the state accounts for 70% of the total collection. They propose creation of a legal and institutional mechanism which will enable states to collect stamp duty on securities market instruments at one place by one agency(through the Stock Exchanges or Clearing Corporations authorised by the stock exchange or by the Depositories). They also propose a mechanism for appropriate sharing of the stamp duty with relevant state governments on the basis of state of domicile of the buying client.

  • More questions

    • 1. Government infused a capital of Rs. 205 crore with which bank recently?

    • Options
    • A. Indian Overseas Bank
    • B. Punjab National Bank
    • C. Bank of Baroda
    • D. Bank of Maharashtra
    • Discuss
    • 2. The Union Cabinet approved four GST related bill recently. Identify which of the following is not one of them.

    • Options
    • A. The Central Goods and Services Tax Bill 2017
    • B. The Integrated Goods and Services Tax Bill 2017
    • C. The Union Territory Goods and Services Tax Bill 2017
    • D. The States Goods and Services Tax Bill 2017
    • Discuss
    • 3. Which of the following movies won the 89th Academy Awards for the Best Picture?

    • Options
    • A. La La Land
    • B. Arrival
    • C. Moonlight
    • D. Lion
    • Discuss
    • 4. Which film has been chosen as Bangladesh's official entry for the Oscars 2019?

    • Options
    • A. Dhaka Attack
    • B. Nabab
    • C. Doob
    • D. Detective
    • Discuss
    • 5. Where did India's first natural Ice Cafe located?

    • Options
    • A. Himchal Pradesh
    • B. J&K
    • C. Sikkim
    • D. Arunachal Pradesh
    • Discuss
    • 6. ISRO Launches PSLV C-45 Carrying EMISAT with how many Nano satellite?

    • Options
    • A. 28
    • B. 12
    • C. 25
    • D. 32
    • Discuss
    • 7. The book "An Unsuitable Boy" is the autobiography of which Indian personality?

    • Options
    • A. Twinkle Khanna
    • B. Rishi Kapoor
    • C. Rahul Bose
    • D. Karan Johar
    • Discuss
    • 8. The Union Government has launched RUSA portal to act as a one-stop for States' Higher Education Plans. What does 'RUSA' stands for?

    • Options
    • A. Rashtriya Uchchatar Shiksha Abhiyan
    • B. Rashtriya Uttam Shiksha Abhiyan
    • C. Rashtriya Unmukht Shiksha Abhiyan
    • D. Rashtriya Unnatsheel Shiksha Abhiyan
    • Discuss
    • 9. The Ministry of Finance has started which series on Twitter to educate general public about the budgetary process?

    • Options
    • A. Know Budgetary Process
    • B. Know Your Economy
    • C. Know Your Budget
    • D. Know Making of Budget
    • Discuss
    • 10. Name the city which is choosed by Facebook as base for WhatsApp Pay as the centre for rolling WhatsApp Pay globally.

    • Options
    • A. Dubai
    • B. New York
    • C. London
    • D. Berlin
    • Discuss


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