Which statement best distinguishes tax avoidance from tax evasion?
✓ Explanation: xplanation: Tax evasion is illegal, involving concealment or deliberate non-compliance. Tax avoidance generally involves structuring affairs to reduce tax liability, though GAAR can challenge impermissible avoidance arrangements.
Relevant for: UPSC, SSC
Question 2 / 10 MediumBasic Economics
RoSCTL stands for:
✓ Explanation: Explanation: RoSCTL stands for Rebate of State and Central Taxes and Levies.
Relevant for: UPSC, SSC
Question 3 / 10 MediumBanking & Finance
FIU-IND receives:
✓ Explanation: Explanation: The correct answer is D. Suspicious Transaction Reports. This is the key fact associated with the topic in the source material. The other choices do not match the fact being tested: Census forms only; Weather bulletins only; and Railway timetables. Therefore, D is the appropriate choice.
Relevant for: UPSC, SSC
Question 4 / 10 MediumGovernment Schemes
The Modified Interest Subvention Scheme (MISS) is closely associated with:
✓ Explanation: Explanation: MISS provides interest support for eligible short-term agricultural credit, especially through the Kisan Credit Card system.
Relevant for: UPSC, SSC
Question 5 / 10 MediumBudget & Taxation
PRAGATI is best regarded as an example of:
✓ Explanation: Explanation: The platform enables Centre-State coordination and real-time monitoring through digital governance tools.
Relevant for: UPSC, SSC
Question 6 / 10 MediumBanking
Prakriti Gyan Dham, described as an eco-educational hub, is associated with:
✓ Explanation: Explanation: Prakriti Gyan Dham is associated with the CSIR-National Botanical Research Institute (CSIR-NBRI) and focuses on biodiversity and environmental education.
Relevant for: UPSC, SSC
Question 7 / 10 MediumBasic Economics
EEPC India primarily promotes exports from which sector?
✓ Explanation: Explanation: EEPC India promotes Indian engineering exports and supports exporters through trade promotion, market information and international business engagement.
Relevant for: UPSC, SSC
Question 8 / 10 MediumBasic Economics
Strategic Asset Allocation primarily deals with what?
✓ Explanation: Explanation: Strategic asset allocation determines the long-term portfolio mix among assets such as equity, debt, gold and alternatives while considering risk and return.
Relevant for: UPSC, SSC
Question 9 / 10 MediumBasic Economics
What is the general annual remittance limit under India's Liberalised Remittance Scheme for a resident individual?
✓ Explanation: Explanation: The general LRS limit is USD 250,000 per resident individual per financial year, subject to applicable rules, restrictions and exceptions.
Relevant for: UPSC, SSC
Question 10 / 10 MediumBanking
PRAGATI primarily brings together:
✓ Explanation: Explanation: It facilitates direct Centre-State coordination under Prime Ministerial review.