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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. Which Automotive company has developed the 'largest power storage system in Asia' installed in Osaka train station in Japan?

    • Options
    • A. Pricol
    • B. Tesla
    • C. General Motors
    • D. Eicher Motors
    • Discuss
    • 2. Name the company which has signed an MoU on different projects related to e-mobility along with Automotive Research Association of India.

    • Options
    • A. NTPC
    • B. BSNL
    • C. ONGC
    • D. BHEL
    • Discuss
    • 3. Which movie has won the Best Picture award at 89th Oscar Academy Awards?

    • Options
    • A. Story of Your Life
    • B. Moonlight
    • C. Hidden Figures
    • D. La La Land
    • Discuss
    • 4. Which 2 cities are declared as the 'Best Heritage City' at the National Tourism Awards for 2016-17?

    • Options
    • A. New Delhi & Ahmedabad
    • B. New Delhi & Udaipur
    • C. Agra & Kolkata
    • D. Ahmedabad & Mandu
    • Discuss
    • 5. The book "60 Indian Poets" has been authored by whom?

    • Options
    • A. Amitav Ghosh
    • B. Vikram Seth
    • C. Jeet Thayil
    • D. Arun Kolatkar
    • Discuss
    • 6. 2018 Nobel Medicine or Physiology Prize has been awarded to whom of the following persons?

    • Options
    • A. Carl H. June and Timothy Ray Brown
    • B. Steven Rosenberg and Zelig Eshhar
    • C. James Reyniers and Ragnar Granit
    • D. James P Allison and Tasaku Honjo
    • Discuss
    • 7. Which of the following movies won the 64th National Film Awards for the Best Feature Film?

    • Options
    • A. Kasaav
    • B. Alifa
    • C. Neerja
    • D. Pink
    • Discuss
    • 8. Who is the author of the book titled Hope in a Challenged Democracy- An Indian Narrative, which released recently?

    • Options
    • A. Paranjoy Guha Thakurta
    • B. Ashwani Kumar
    • C. Romesh Thapar
    • D. Shashi Tharoor
    • Discuss
    • 9. The Union Government unveiled the revised Building Code 2017 to meet the vision of - 'Housing For All' by

    • Options
    • A. 2020
    • B. 2021
    • C. 2022
    • D. 2023
    • Discuss
    • 10. According to the report of United Nations' World Economic Situation and Prospects (WESP) 2019, what will be the growth rate of India for in 2019-20?

    • Options
    • A. 7.6%
    • B. 7.5%
    • C. 7.4%
    • D. 7.8%
    • Discuss


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