Daily Questions Challenge for IAS PRE (CSAT) Exam (05 August 2015)

Write and Discuss Your Answer with Q.No in Comment Box at the Bottom of Post.

1. Consider the following statements.

1) The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014 seeks to amend the Constitution to introduce the goods and services tax (GST).
2) Octroi is a main source of Income for most of the local bodies in India.

Which of the statements is/are correct?

(a) 1 & 2
(b) 1 only
(c) 2 only
(d) Neither 1 nor 2

2. Consider the following statements about DTC Bill 2010.

1) The Bill will replace the Income Tax Act 1961 & the Wealth Tax Act 1957.
2) Companies will be taxed at 35% of business income.
3) Non profit organisations will be taxed at 25%.
4) The wealth tax exemption limit is increased from 15 lack to 1 crore.

Which of the above statements is / are true

(a) 1, 2, 3 & 4
(b) 1 & 4
(c) 2 & 3
(d) 1 & 3

3. Consider the following statements about National Investment Fund (NIF).

1) NIF CEO will be administratively attached to the PMO.
2) 75% of the annual income of NIF will be used to finance selected social sector scheme.

Which of the above statements is / are true.

(a) Both 1 & 2
(b) 2 only
(d) 1 only
(d) Neither 1 nor 2

4. Consider the following statements.

1) Actual contributed equity plus retained earnings is called Tier I capital.
2) NBFC (Non Banking Financial Companies) are largely referred to as shadow banking.
3) Rate at which banks lend to the best customers is called SLR.

Which of the above statements is / are true.

(a) 1, 2 & 3
(b) 1 & 2
(c) 1 & 3
(d) 2 & 3

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:: CSAT (Paper -2) ::

1. The difference of two numbers is 20% of the larger number. If the smaller number is 20, then the larger number is:

(a) 25
(b) 46
(c) 27
(d) 82

2. A man spends 30% of his income on food, 12% on house rent, 28% on miscellaneous. If the savings at the end of a month is Rs 810, then the man’s total income is

(a) Rs 2100
(b) Rs 2400
(c) Rs 2600
(d) Rs 2700

3. A number is decreased by 25% and then increased by 25%. The number so obtained is 8 less than the original number. What was the original number?

(a) 128
(b) 144
(c) 136
(d) 114

4. 720 sweets were distributed equally among children, in such a way that number of sweets received by each child is 20% of the total number of children. How many sweets did each child received?

(a) 12
(b) 14
(c) 11
(d) 15

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