CURRENT AFFAIRS-55

Which of the following statements about the Windfall Tax is/are correct?
1) The Windfall Tax is imposed by governments when an industry experiences significantly above-average profits due to economic conditions.
2) It is levied based on a company’s deliberate actions, such as strategic initiatives or expansions.
3) The most common industries subject to windfall gains tax include oil, gas, and pharmaceuticals.
How many of the above statements is/are correct?

Only one

Only two

Only three

None

Which of the following statements about the Tibetan Brown Bear are correct?
1) The Tibetan Brown Bear, scientifically known as Ursus arctos pruinosus, is categorized as “Critically Endangered” on the IUCN Red List.
2) Historically, the Tibetan Brown Bear was primarily found on the alpine eastern Tibetan plateau, spanning across eastern Tibet, western China, Nepal, and Bhutan.
3) The Wildlife Protection Act of 1972 in India categorizes the Tibetan Brown Bear under Schedule II for legal protection.
How many of the above statements is/are correct?

Only one

Only two

Only three

None

Which of the following statements are correct regarding Farsi (Persian) and its recent inclusion as a classical language in India under the New Education Policy?
1) Farsi is the official language of Afghanistan.
2) The Perso-Arabic script is used for writing Farsi in Iran.
3) Farsi ranks among the top 10 most widely spoken languages globally.
How many of the above statements is/are NOT correct?

Only one

Only two

Only three

None

Which of the following statements regarding the Interim Budget and Vote-On-Account is correct?

The Interim Budget can propose changes in the tax regime, while a Vote-On-Account cannot.

The Interim Budget is valid for a period of two to four months, similar to the Vote-On-Account.

Both the Interim Budget and Vote-On-Account can be passed without any formal discussion in the Lok Sabha.

The Vote-On-Account serves as a comprehensive fiscal plan for the entire financial year.

Which of the following statements accurately reflects the concerns raised by global investors about the Indian economy?

India’s GDP growth has consistently lagged behind global averages, leading to skepticism among investors.

The primary worry revolves around the potential surge in private consumption demand, driven by a robust increase in per capita incomes.

Investors are apprehensive about the dependence on government-led investment, with limited contribution expected from the private sector.

The Reserve Bank of India’s hawkish monetary policy, focused on boosting growth, is aligned with the preferences of global investors.

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