Discussion
Home ‣ Current Affairs ‣ Economy Comments
- Question
What is the threshold limit of GST registration according to 32nd Meeting of GST Council?
Options- A. 40 lakh
- B. 30 Lakh
- C. 35 Lakh
- D. 20 Lakh
- Correct Answer
- 40 lakh
ExplanationThe 32nd Meeting of GST Council was concluded in New Delhi. The Limit of annual turnover for composition scheme increased to 1.5 crore rupees effective from April 1, 2019. The Council has decided to increase the GST registration threshold limit to 40 lakh rupees from 20 lakh. The Taxpayers who are giving Services of up to Rs 50 lacs per annum will be taxed under 6% under Composition Scheme. The council has decided to simplify the compliance under the composition scheme. - 1. According to the new Index by Nomura, how many countries are at risk of exchange rate crises?
Options- A. 7
- B. 8
- C. 12
- D. 15 Discuss
- 2. According to Asian Development Outlook 2019 report, what is the growth rate?
Options- A. 5.1%
- B. 5.4%
- C. 5.7%
- D. 5.9% Discuss
- 3. IMF Cuts India's GDP Growth Forecast is __________.
Options- A. 7.3%
- B. 7.4%
- C. 7.2%
- D. 7.5% Discuss
- 4. Finance Minister Piyush Goyal announced a cash back of __________ for digital transactions.
Options- A. 15%
- B. 10%
- C. 20%
- D. 25% Discuss
- 5. With which country India signed the Second Protocol amending the Comprehensive Economic Cooperation Agreement in New Delhi?
Options- A. Singapore
- B. Malaysia
- C. US
- D. Canada Discuss
- 6. The name of the joint venture that was announced between Bombay Stock Exchange (BSE) and S&P Dow Jones is?
Options- A. Asia Index
- B. BSE index
- C. BSE and S&P Index
- D. S&P Jones Index Discuss
- 7. India has cut import taxes on crude and refined palm oil from ASEAN countries from 44% to __________.
Options- A. 31%
- B. 38%
- C. 41%
- D. 40% Discuss
- 8. GST on under construction flats cut from 12 percent to __________ %.
Options- A. 10.5%
- B. 7%
- C. 5%
- D. 8.2% Discuss
- 9. Govt Allocates Rs __________ Cr for Development of 40 Satellite launch vehicles for the next 4 years.
Options- A. 10,900
- B. 10,600
- C. 10,400
- D. 10,200 Discuss
- 10. Union Minister for Minority Affairs Mukhtar Abbas Naqvi stated that the GST on Haj reduced from 18% to __________.
Options- A. 8%
- B. 12%
- C. 5%
- D. 15% Discuss
Economy problems
Search Results
Correct Answer: 7
Explanation:
According to a new index by Nomura, seven countries are at risk of exchange rate crises as investors re-assess their risks. The name of the new index is 'Damocles', that assessed the risk of exchange rate crises for 30 emerging market economies. The seven countries that are at risk of exchange rate crises are Sri Lanka, South Africa, Argentina, Pakistan, Egypt, Turkey and Ukraine.
Correct Answer: 5.7%
Explanation:
The Asia-Pacific region s expected to grow at 5.7% in 2019. According to the bank's Asian Development Outlook 2019 report released in April, developing Asia which comprises 45 nations ranging from China to Tuvalu is projected to grow by 5.7% in 2019. However, the growth outlook for developing Asia is expected to moderate to 5.6 % in 2020.
Correct Answer: 7.3%
Explanation:
The International Monetary Fund (IMF) cut its economic growth forecasts for India by 20 basis points (bps) each from its January predictions to 7.3% for FY20 and 7.5% for the next fiscal. Citing persistent risks from the trade war, it lowered 2019 global growth forecast by 20 basis points to 3.3%, the weakest since 2009 when the subprime crisis had flared up.
Correct Answer: 20%
Explanation:
Finance Minister Piyush Goyal announces 20% Cashback upto Rs 100 for the Digital Transactions done via BHIM, Rupay or USSD mode. The main aim of the meeting on the concerns and suggestions of the Micro, Small and Medium Enterprises. About GST Goods and Services Tax (GST) is an indirect tax (or consumption tax) levied in India on the supply of goods and service.
Correct Answer: Singapore
Explanation:
India and Singapore have signed the Second Protocol amending the Comprehensive Economic Cooperation Agreement in New Delhi which will boost bilateral trade between the two countries. The Protocol was signed in New Delhi by Rajneesh, Joint Secretary, Ministry of Commerce and Industry and Francis Chong, Senior Director, Ministry of Trade and Industry, Government of Singapore.
Correct Answer: Asia Index
Explanation:
Bombay Stock Exchange (BSE), Asia's oldest bourse, is to snap ties with S&P Dow Jones. BSE plans to develop indices through its in-house development team. S&P Dow Jones manages and operates the benchmark Sensex. The two entities had announced a joint venture (JV) named Asia Index in 2013. The JV is to provide an array of indices enabling global and domestic investors to participate in South Asia's vibrant economies.
Correct Answer: 40%
Explanation:
The duty on crude palm oil from Malaysia, Indonesia and other members of the Association of South East Asian Nations (ASEAN) was cut to 40% from 44%, while the tax on refined palm oil was cut to 45% from 54% if imported from Malaysia and to 50%, if purchased from Indonesia or other member-nations of Asean. In March 2018, India had raised import tax on crude palm oil to 44 percent from 30 percent and lifted the tax on refined palm oil to 54 percent from 40 percent.
Correct Answer: 5%
Explanation:
Under construction properties priced over ?45 lakh will attract 5% GST (Goods and Services Tax), instead of 12%. A residential property priced at ?45 lakh or below will now be defined as "affordable" and taxed at 1%, from 8% earlier. The new rates will be effective from April 1, 2019.
Correct Answer: 10,900
Explanation:
Indian Space Research Organisation (ISRO) Chairman Dr. K Sivan stated that the Union Government has allocated 10,900 crore rupees for the development of 40 satellite launch vehicles in the next 4 years. Dr. Sivan also stated that Chandrayan Mission will be launched within three months. It will land in one part of the Moon which is still unexplored. He also said that the human spaceflight Gaganyaan is planned to be launched by 2022, the 75th anniversary of Independence.
Correct Answer: 5%
Explanation:
Union Minister for Minority Affairs Mukhtar Abbas Naqvi stated that GST on Haj has been reduced from 18% to 5% and this will significantly lower the airfare thus saving Haj pilgrims' 113 crore rupees this year. Mr. Naqvi also stated that for the first time since the independence 2,340 women from India will go on 2019 Haj without Mehram.
Comments
There are no comments.Programming
Copyright ©CuriousTab. All rights reserved.