Banking in India, Corruption - GS questions based on daily current affairs

1)   What is the rank of India in International Corruption Perceptions Index 2015?

a. 75
b. 76
c. 136
d. 128
Answer  Explanation 

ANSWER: 76

Explanation:
India has climbed nine points to rank 76th in this year’s global corruption index launched here on Wednesday topped by Denmark, with watchdog Transparency International calling graft a global “blight”. According to Transparency International’s International Corruption Perceptions Index 2015, India is placed at 76th position along with Thailand, Brazil, Tunisia, Zambia and Burkina Faso out of 168 countries. India has improved its past year’s position of 85 and has a grade index score of 38 out of a possible 100 which indicates the least corrupt, said the report topped by Denmark. The other top spots, from second to ninth, were occupied by Finland, Sweden, New Zealand, the Netherlands, Norway, Switzerland, Singapore and Canada. The index was prepared by using data from institutions including the World Bank, the African Development Bank. According to Berlin-based Transparency International, 68 per cent of countries worldwide have a serious corruption problem and half of the G20 are among them.


2)   Which state government has established special courts to facilitate time bound disposal of corruption cases and attachment of assets?

a. Karnataka
b. West Bengal
c. Maharashtra
d. Andhra Pradesh
Answer  Explanation 

ANSWER: Andhra Pradesh

Explanation:
The Andhra Pradesh Assembly on 3 September 2015 passed the Andhra Pradesh Special Courts Bill, 2015 for the constitution of special courts to facilitate time bound disposal of corruption cases and attachment of assets.


3)   Consider the following statements related to Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015

1. It will replace the Income Tax (IT) Act, 1961 for the taxation of foreign income.

2. A flat rate of 30 percent tax will be applied to undisclosed foreign income or assets

3. For nondisclosure of foreign income or assets outside India, penalty will be equal to three times the amount of tax payable which is 90 percent of the undisclosed income in addition to tax payable at 30%.

Which of the above statements are correct?


a. 2,3
b. 1,2
c. 1,3
d. All
Answer  Explanation 

ANSWER: All

Explanation:
No explanation is available for this question!


4)   Consider the following statements related to recently approved amendments in the Whistle Blowers Protection Act, 2011.

1. Any public servant or any other person including a non-governmental organization may make such a disclosure to the Central or State Vigilance Commission.

2. It is not mandatory to include the identity of the complainant.

3. If identity is disclosed ,the Vigilance Commission shall not disclose the identity of the complainant except to the head of the department if he deems it necessary.

4. The Act penalizes any person who has disclosed the identity of the complainant.

Which of the above statements are correct?


a. 1,3,4
b. 1,2,3
c. 2,3,4
d. All
Answer  Explanation 

ANSWER: 1,3,4

Explanation:
The Act seeks to protect whistle blowers, i.e. persons making a public interest disclosure related to an act of corruption, misuse of power, or criminal offense by a public servant. Every complaint has to include the identity of the complainant.


5)   Consider the following statements

1. Prevention of Corruption (Amendment) Bill 2013 frames the guidelines for commercial organizations to prevent their employees/associates from giving bribes to public servants.

2. Average trial period of cases is decreased to 2 years from 8 years.

Which of the above statement is/are correct?


a. Only 1
b. Only 2
c. Both
d. None
Answer  Explanation 

ANSWER: Both

Explanation:
Prevention of Corruption Act was passed in 1988. It has is based on US Foreign Corrupt Practices Act, 1977, and the UK's Bribery Act, 2010.


6)   Consider the following statements related to the Prevention of Corruption (Amendment) Bill 2013

1. The amendment will fulfill the obligations of the United Nations Convention Against Corruption

2. The Bill provides more stringent punishment for bribery offenses both for those offering and taking bribes

3. Penal provisions have been enhanced from a lower limit of 6 months to as high as 3 years; the maximum term is now from 5 to 7 years.

4. Corruption has now been categorized under the heinous crime category

Which of the above statements are true?


a. 1,2,3
b. 2,3,4
c. 1,3,4
d. All
Answer  Explanation 

ANSWER: All

Explanation:
No explanation is available for this question!