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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.

  • National problems


    Search Results


    • 1. India, World Bank and representative of how many states sighned an loan agreement for the Dam Rehabilitation and Improvement Project (DRIP)?

    • Options
    • A. 3
    • B. 12
    • C. 5
    • D. 8
    • Discuss
    • 2. Which state has the maximum number of first-time voters in the upcoming Lok Sabha elections?

    • Options
    • A. Uttar Pradesh
    • B. West Bengal
    • C. Maharashtra
    • D. Rajasthan
    • Discuss
    • 3. Which state government has recently approved 27% quota for OBCs?

    • Options
    • A. Haryana
    • B. Madhya Pradesh
    • C. Odisha
    • D. West Bengal
    • Discuss
    • 4. Which State government has launched initiatives to educate voters?

    • Options
    • A. Assam
    • B. Gujarat
    • C. Tamil Nadu
    • D. Uttar Pradesh
    • Discuss
    • 5. As a part of the Pradhan Mantri Ujjwala Yojana (PMUY), Which state has distributed the Highest number of free LPG connection?

    • Options
    • A. West Bengal
    • B. Arunachala Pradesh
    • C. Maharashtra
    • D. Uttar Pradesh
    • Discuss
    • 6. India ranks __________ in the global talent competitive index.

    • Options
    • A. 80
    • B. 72
    • C. 65
    • D. 44
    • Discuss
    • 7. The Geological Survey of India (GSI) has launched how many GPS stations across the country?

    • Options
    • A. 18
    • B. 22
    • C. 28
    • D. 33
    • Discuss
    • 8. Which government set up a 17-member high-level committee to "reform higher education" in the capital?

    • Options
    • A. Tamil Nadu
    • B. Uttar Pradesh
    • C. Haryana
    • D. Delhi
    • Discuss
    • 9. Recently, Reserve Bank of India and __________ have signed a Bilateral Swap Arrangement (BSA).

    • Options
    • A. Mizuho Bank
    • B. Bank of Japan
    • C. MUFG Ban
    • D. Japan Post Bank
    • Discuss
    • 10. Which among the following abandoned airstrips will be developed into a modern airport by the Indian Government?

    • Options
    • A. Birasal
    • B. Dhalbhumgarh
    • C. Gaya
    • D. Ratnagiri
    • Discuss


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