DESIREIAS QUIZ

08th October Daily MCQ (Questions only)

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08th October Daily MCQ

Q-1 Consider the following statements
1-Mount Kilimanjaro with its three volcanic cones, “Kibo”, “Mawenzi”, and “Shira”, is a dormant volcano in Mozambique.
2- It is 2nd highest mountain in Africa
Select the correct answer using the code given below:
A- Only 1
B- Only 2
C- Both are Correct
D- None of the Above
MCQ Source -08th October – The Hindu Newspaper – Page- page-5 Topic- A.P. mountaineer scales Mt.Kilimanjaro

Q-2 Consider the following statements
1-Van Vihar National Park is a national park in west India
2- Van Vihar is unique because it allows easy access to the visitors through a road passing through the park, security of animals assured from poachers by building trenches and walls, chain-link fence and by providing natural habitat to the animals.

Select the correct answer using the code given below:
A- Only 1
B- Only 2
C- Both are Correct
D- None of the Above

MCQ Source -08th October – The Hindu Newspaper Page-6 Image

Q-3 Consider the following statements
1-Tipu Sultan fought Company forces four times during 1797-99, and gave Governors-General Cornwallis and Wellesley bloody noses before he was killed defending his capital Srirangapatnam in the Fourth Anglo-Mysore War.
2-Tipu reorganised his army along European lines, using new technology, including what is considered the first war rocket
3-He devised a land revenue system based on detailed surveys and classification, in which the tax was imposed directly on the peasant, and collected through salaried agents in cash, widening the state’s resource base
Select the correct answer using the code given below:
A-1,2
B-1,3
C-2,3
D-all of the above

MCQ Source -08th October – The Hindu Newspaper -Page-11 topic – Honouring the British Indian Army

Q-4 Consider the following statements about Long-Term Capital Gains Tax (LTCG)
1-A capital asset is officially defined as any kind of property held by an assessee, excluding goods held as stock-in-trade, agricultural land and personal effects.
2-If an asset is held for less than 12 months, any gain arising from selling it is treated as a short-term capital gain (STCG)
3-Only Shares enjoy a special dispensation which is, holding period of 12 months or more qualifies as ‘long-term’ in this case

Select the correct answer using the code given below:
A- Only 1,2
B- Only 1
C- Only 3
D- all of the Above

MCQ Source -08th October – The Hindu Newspaper ,page-13 topic- Long term capital
gains tax sop for IPOs

Q-5 Consider the following statements about Long-Term Capital Gains Tax (LTCG)
1-Long-term capital gains arising from transfer of long-term capital assets like such as shares or share-oriented products, exceeding Rs. 1 lakh will be taxed at a concessional rate of 10%.

2- Grandfathering’ Clause is the exemption granted to existing investors or gains made by them before the new tax law comes into force

Select the correct answer using the code given below:
A- Only 1
B- Only 2
C- Both are Correct
D- None of the Above
MCQ Source -08th October – The Hindu Newspaper ,page-13 topic- Long term capital
gains tax sop for IPOs

Q-6 Consider the following statements
1-Hybrid Annuity Model based PPP model has been adopted for the first time in the country in highway management sector.
2- HAM is a good trade-off, spreading the risk between developers and the Government. It combines EPC (40%) and BOT-Annuity (60%).
3- The annuity payment structure means that the developers aren’t taking ‘traffic risk’.

Select the correct answer using the code given below:
A- Only 1
B- Only 1,2
C- Only 1,3
D- Only 2,3

MCQ Source -08th October – The Hindu Newspaper,Page-13 topic- Learn from highways
to promote infra’