Q1Consider the following statements about GSTN (GST Network)
- It is a not for profit, non-Government, private limited company
- It is set up primarily to provide IT infrastructure
- Its major functions include: Registration , Tax Payment– 97% paid electronically, filing for returns and services
Which of the above-mentioned statements is are correct?
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
Q2Consider the following statements about the advantagesof GST
- Unified National Market:
- No Cascading effect:
- Reduce Tax Evasion
- Harmonization of laws, procedures and rates of tax.
Which of the above-mentioned statements is are correct?
- 1 and 2 only
- 1, 2 and 3 only
- 2 and 3 only
- 1, 2, 3 and 4
Q3The 21st edition of the ‘MALABAR-2017’ naval exercise was held in the Bay of Bengal. Consider the following statements
- Malabar is an annual military exercise between the navies of India, Japan and the U.S. held alternately in the Indian and Pacific Oceans.
- It is a platform to improve interoperability between the navies.
- It began in 1992 as a bilateral exercise between India and the U.S. it got permanently expanded into a trilateral format with the inclusion of Japan in 2015.
Which of the above-mentioned statements is are correct?
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
Q4India’s domestic crude oil production of 36.95 million tons in 2015-16 barely met 20 percent of its oil needs.Natural gas output at 32.249 billion cubic metres meets less than half of its needs. In view of this Consider the following statements
- India recently launched the Hydrocarbons Exploration and Licensing Policy. Its target is to Double India’s existing oil production from current 80 million metric tons to about 150-155 million metric tons by 2022.
- It provides one single license for different types of hydrocarbons such as oil, gas, coal bed methane etc.
- The govt. will receive a share of the gross revenue. Bidders are required to quote the revenue shares in their bids. It Covers all conventional and unconventional oil and gas
Which of the above-mentioned statements is are correct?
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
Q5Consider the following statements about TRADEMARK ACT
- Trademark refers to graphical representation of goods or services to make it distinguishable from the others. Trademark can be words, symbols, sound, colours, shape of goods, graphics representation or packaging etc.
- In India, trademarks are governed under Trademarks Act, 1999, under aegis of DIPP.
- The implementing body is the Controller General of Patents, Designs and Trademarks
Which of the above-mentioned statements is are correct?
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3