1) 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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2) 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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3) 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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4) 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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5) 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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6) 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
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Answer
Explanation
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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.
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7) 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
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Answer
Explanation
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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.
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8) 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
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Answer
Explanation
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ANSWER: All
Explanation:
No explanation is available for this question!
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