Prelims Power Play 26 February 2024

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1. Consider the following statements:

Statement-I: Parties are not to file their Income Tax returns.

Statement-II: The IncomeTaxAct,1961exemptspolitical parties registered by the Election Commission under the Representation of the People Act, 1951 from paying income tax.

Which one of the following is correct in respect of the above statements?

Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I

Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I

Statement-I is correct but Statement-II is incorrect

Statement-I is incorrect but Statement-II is correct

2. Household Consumption Expenditure Survey (HCES) is conducted by?

Niti Ayog

Dept of Expenditure, Ministry of Finance

National Statistics Office (NSO), Ministry of Statistics and Programme Implementation

Finance Commission

3. Recently the Indian Army deployed its largest contingent of women Peacekeepers in a UN mission at Abyei. Abyei is located between which of the following two countries?

Israel and Jordan

South Sudan and Ethiopia

Sudan and South Sudan

Uganda and Rwanda

4. CE-20 engine recently in news is a

flex fuel engine capable of operating on gasoline and any blend of gasoline and ethanol up to 50%

flex fuel engine capable of operating on gasoline and any blend of gasoline and ethanol up to 80%

EV engine indigenously developed in India for EV vehicles

a cryogenic rocket engine developed by Indian Space Research Organisation (ISRO)

5. The Finance Ministry of country did not set a national Budget for 2023 or 2024 and has foregone quarterly reports. It recently raised the exchange rate for imports and exports. The country has been under conflict. According to UN More than six million of Sudan’s 48 million people have been internally displaced by the war, and more than half the population needs humanitarian aid to survive. The World Bank in September said “widespread destruction of the country’s economic foundations has set the country’s development back by several decades”. The International Monetary Fund has predicted that even after the fighting ends, “years of reconstruction” await the northeast African country. Which country is talked about in above passage?

Mali

Sudan

Ethiopia

Yemen