1) India has topped which OECD report?
a. Government at a Glance 2017
b. Government Factsheet 2017
c. Government Index 2017
d. None of the above
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Answer
Explanation
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ANSWER: Government at a Glance 2017
Explanation:
India has topped in the Organisation for Economic Co-operation and Development’s (OECD) Government at a Glance 2017 report.
It states that Narendra Modi led NDA coalition has secured 73% trust of people, highest in the world. OECD’s Government at a Glance report presents an index of countries that trust their governments the most.
It determines government’s trust levels by whether or not people consider their government stable and reliable, if it’s able to protect its citizens from risk and whether it can effectively deliver public services.
The Canadian government headed by Prime Minister Justin Trudeau was ranked second with confidence of 62% citizens.
Turkey was in third place with 58% of the populace placing its trust in the Reciep Erdogan government.
Russia and Germany were ranked fourth and fifth with confidence levels at 58% and 55% respectively.
US government led by President Donald Trump secured only 30% of the peoples’ confidence.
United Kingdom led by PM Theresa May secured 41% of the peoples’ confidence.
Greece was placed at the bottom of the list with a mere 13% of the people’s confidence.
The report states that government spending averaged 40.9% of GDP in OECD countries in 2015, up from 38.8% in 2007. In 2016, government spending as a share of GDP was highest in France with 56.5% followed by Finland (56.1%) and Denmark (53.6%).
It was lowest Mexico (24.5%), Ireland (29.5%) and South Korea (32.4%).
Organisation for Economic Co-operation and Development (OECD) - OCED is an international economic organisation of 34 countries to stimulate economic progress and world trade Founded: 1961.
- It defines itself as a forum of countries committed to democracy and the market economy.
- It provides common platform for members to compare policy experiences, seek answers to common problems, identify good practices etc.
- Most OECD members are regarded as developed countries i.e. high-income economies with very high Human Development Index (HDI).
- Its headquarter is in Paris, France.
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2) OECD, a Paris based think tank, has pegged India’s economy growth rate at what percent in the next fiscal?
a. 7.2%
b. 7.3%
c. 7.4%
d. 7.5%
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Answer
Explanation
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ANSWER: 7.4%
Explanation:
Indian economy is set to grow at 7.4% within the next fiscal. OECD says Indian economy will grow at this robust rate though modest recovery is expected in advanced economies. Organisation for Economic Cooperation and Development has raised the Indian growth forecast as against 7.3% projected in November 2015. India is set to grow by 7.4% in 2016 and 7.3% in 2017 according to the Interim Economic Outlook released by the OECD. It also said that China would continue to rebalance its economy from manufacturing to services and growth is forecast at 6.5% in 2016 and 62% in 2017.
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3) What is the rank of India in International Corruption Perceptions Index 2015?
a. 75
b. 76
c. 136
d. 128
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Answer
Explanation
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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.
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4) Which of the following statements is/are correct about OECD?
1. It has permanent secretariat at Ottawa
2. Russia is member of OECD.
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: None
Explanation:
- In May 2007, the OECD decided to open accession negotiations with Russia but in March 2014, the OECD halted membership talks in response to Russia's role in the 2014 Crimean crisis.
- OECD has permanent secretariat at Paris.
- India features into Enhanced engagement countries.
- OECD originated as the Organisation for European Economic Co-operation (OEEC),led by Robert Marjolin of France, to help administer the Marshall Plan in 1948
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5) The SIT on Black Money team submitted its third report to the Union Ministry of Finance on 3rd November, 2015. Who is heading the SIT?
a. Justice AP Shah
b. Justice MB Shah
c. Justice KB Shah
d. None of the above
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Answer
Explanation
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ANSWER: Justice MB Shah
Explanation:
SIT on Black Money on 3rd November 2015 presented its third report to the Union Ministry of Finance. The SIT is headed by Justice MB Shah and the report dealt with shell companies and beneficial ownership.The SIT’s findings were that over 2600 persons are directors on more than 20 companies and at least 20 companies are operating from the same address at 345 places which indicate the violation of Companies Act, 2013.
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6) International Migration Outlook is a report published by -
a. UNHCR
b. European Council on Refugees and Exiles
c. World bank
d. OECD
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Answer
Explanation
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ANSWER: OECD
Explanation:
The Organisation for Economic Cooperation and Development’s (OECD) published International Migration Outlook 2015.
It shows migration to OECD countries.
One in ten new immigrants to developed countries in 2013 was from China
India made up only 4.4 per cent of new migrants and was in fourth position after Poland and Romania.
Indian remains the world’s top supplier of emigrant doctors (87,000 as of 2010-11) and the second-largest origin country of nurses (70,000). The United States is the main home for both Indian-origin doctors and nurses, followed by the United Kingdom.
Six per cent of international students in 2012 were also from India, a decline from the recent past.
In 2014, the number of new asylum seekers in OECD countries rose by 46 per cent.
Syrian asylum-seekers accounted for one-third of the increase, and Germany saw the largest number of asylum applications.
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7) Switzerland has recently received information request for which Indore based textiles firm in a suspected black money case by tax authorities in India?
a. Filtech Fabrics
b. N. R. Filter and Fabric Private Limited
c. Fashion Clothing Company
d. Neo Corp International Limited
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Answer
Explanation
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ANSWER: Neo Corp International Limited
Explanation:
In new disclosure on suspected black money being probed by Indian tax authorities, Switzerland has received request for information about Indore origin textile firm Neo Corp International Ltd. This company began as a small woven sack maker in the 1980s and now alleges it is an MNC technical textiles group. It has faced income tax searches in February 2015 for suspected tax evasion. Around 12 names have been disclosed in this high profile crackdown by Swiss and Indian authorities.
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8) 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
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Answer
Explanation
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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.
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9) Consider the following statements about OECD
1. OECD originated to help administer the Marshall Plan
2. The OECD's headquarters is at the Brussels
Which of the above statements is/are correct?
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: Only 1
Explanation:
The OECD's headquarters is at the Paris.
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10) 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
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Answer
Explanation
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ANSWER: All
Explanation:
No explanation is available for this question!
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