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Current Affairs MCQ for UPSC Exams – 27 November 2016

Q.1- An increase in the Bank Rate generally indicates that the

A. market rate of interest is likely to fall
B. Central Bank is no longer making loans to commercial banks
C. Central Bank is following an easy money policy
D. Central Bank is following a tight money policy

Q.2- Q.3- Which of the following is correct regarding Non-Aligned movement?

1. Movement has its origin in Asia-Africa conference in India
2. Conference was led by Indian PM Nehru along with Naseer and Soekarno
A. 1 only
B. 2 only
C. Both
D. None

Q.3- Consider the following statement and mark the correct answer.

A) GST is a tax regime to separate state taxes from central taxes.
B) GST will have no impact on cascading effect of taxes.
C) All major Central and State taxes will get subsumed into GST which will reduce the multiplicity of taxes, and thus bring down the compliance cost.
D) None of the above.
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 Answer 1-D,2-B,3-C

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