Read the following information carefully and answer the questions given below: There are six floors in a building number 1 to 6 . Z , G , L , M , R and T lives on different-2 floors one in each floor and they all like different -2 colour like Red , White , Pink , Orange , Blue and Black but not in same order . 1.) There are two floors between L and T . 2.) M lives odd number floor immediately above L. 3.) G does not live odd number floor and like Pink colour. 4.) The person who lives on top floor like Blue colour. 5.) The person who likes Black colour lives on third floor . 6.) R likes Red colour. 7.) L does not like white colour . Which of the following statement is not true ?
1.1=Red 2.2=Orange 3.3=Black 4.All are false 5.None of these
Integrated Chips or IC’s were started to be in use from which generation of Computers?
(a) 1st Generation
(b) 2nd Generation
(c) 3rd Generation
(d) 4th Generation
(e) 5th Generation
Which among the following is an important circuitry in a computer system that directs the operation of the processor?
(a) Memory
(b) Address Bus
(c) Accumulator
(d) ALU
(e) Control Unit
Taxation Law Second Amendment Bill 2016 Passed In Lok Sabha
The Union Government has introduced the Taxation Laws (Second Amendment) Bill, 2016 (‘the Bill’) in the Parliament.
The bill amends existing tax laws to impose a higher rate of tax and penalty in respect of undisclosed incomes.
It proposes, Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY), an anti-poverty scheme.
It seeks to attract more people to disclose their unaccounted cash and also to put in a framework in place to use that for the welfare of the people especially in the rural areas.
It also ensures that tax defaulting assessees and black money holders are subjected to tax at a higher rate and stringent penalty provision.
Key Features of Bill
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Mandatory for black money declarants to deposit 25% of amount disclosed in Pradhan Mantri Garibi Kalyan Yojana (PMGKY) 2016 for a 4 year lock-in period without interest.
Those who choose to declare their ill-gotten wealth stashed till now in banned Rs. 1,000 and Rs. 500 currency notes under the PMGKY scheme will have to pay a tax at the rate of 30% of the undisclosed income.
Additionally, 10% penalty will be levied on the undisclosed income and PMGK Cess (surcharge) at the rate of 33% of tax (33% of 30%).
Further, the declarants will have to deposit 25% of the undisclosed income in a scheme to be notified by the government in consultation with the Reserve Bank of India (RBI).
The money from PMGK will be used for projects in irrigation, infrastructure, primary education, primary health, housing, toilets and livelihood so that there is justice and equality.
For those who continue to hold onto undisclosed cash and are caught they will be levied with flat 60% tax plus a surcharge of 25% of tax (15%), which will amount a levy of 75%.
Besides, if the assessing officer can charge a 10% penalty in addition to the 75% tax.
In general, evasion of taxes deprives the nation of critical resources which could enable Government to undertake development and anti-poverty programmes.
It also puts a disproportionate burden on the honest taxpayers who have to bear the brunt of higher taxes to make up for the revenue leakage.
The Taxation Laws (Second Amendment) Bill, 2016 seeks to remove existing redundant provisions of the IT Act, 1961 which can possibly be used for concealing black money.
It also ensures that defaulting assessees are subjected to tax at a higher rate and stringent penalty provision.
India Hosts Golden Jubilee Celebrations of UNCITRAL
India hosted the golden jubilee (50th anniversary) celebrations of United Nations Commission on International Trade Law (UNCITRAL) in New Delhi.
The opening address at international conference of the golden jubilee celebrations of UNCITRAL was given by President Pranab Mukherjee.
About United Nations Commission on International Trade Law (UNCITRAL)
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UNCITRAL was established by the UN General Assembly (UNGA) in 1966 to promote the progressive unification and harmonisation of international trade law.
It is the core legal body of the UN system in the field of international trade law.
It specialises in reforms in commercial law worldwide for a period of over 40 years.
India is a founding member of UNCITRAL.
India is only one of eight countries which have been a member of UNCITRAL since its inception.
IT has a membership of 60 States selected from among States Members of the UN.
In 2015, India was re-elected for a term of six years (2016-2022).
Out of total 60 members, 14 are Asian states, 14 are African, 10 Latin American & Caribbean states, 8 Eastern European and 14 Western European and other States.
These member states are selected to ensure the representation of various geographic, principal economic and legal systems of the world.
Goa All Set To Become India’s First Cashless State From December 31
Amidst the confusion created by demonetization, the Indian state of Goa prepares itself to become the first state to operate cashless in the country from 31 December 2016.
This announcement was made by Defence Minister Manohar Parrikar, who is also the former Chief Minister of the state, during a rally at Sankhali on 25 November 2016.
The plan includes making even small vendors selling perishable goods accustomed to mobile payment.
Key Details
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• All vendors would be given Mobile Money Identifier (MMI) codes when they register at the bank.
• Customers would be able to make the transaction by dialing *99# and following the instructions that appear on the screen.
• The information to be filled by them would include their bank account details, the total amount that is to be transferred along with the MMI code of the vendor.
• The mobile required to make the payment wouldn’t have to be a Smartphone.
• There will be no minimum limit on the cashless transfer of money and these transactions will also be immune from any sort of fees.
• This way the money will directly be debited from the sender’s account and credited to the receiver’s account. It will take away the hassle of installing swiping machines, especially in the case of small retailers and vendors.
• A drive to educate people on the working of the same system has already been initiated in Mapusa and Panaji.
However, such a move will not nullify the usage of debit/credit and ATM cards, as their usage will continue as usual and it also doesn’t mean a ban on cash transactions.
The effort just aims to encourage the society to go cashless.
According to Goa’s Chief Secretary, RK Srivastava, the state has an added advantage due to its small size.
With a population of 15 lakh, it already has around 17 lakh registered mobile connections and 22 lakh bank accounts.
Srivastava also added that most people in Goa already use debit or credit cards to make their purchases.
What type of technology scrambles the contents of files sent via the Internet?
a) Cryptogram
b) Regulated code
c) Secured data interchange
d) Encryption
When information and processing is spread throughout the organization via a network, we say the systems are _____
a) reliant
b) self-supporting
c) distributed
d) dependent
The Basic criteria that was considered while nationalisation of banks in 1969 was the liability base of banks is more than ____________
a) 60 crores or more
b) 100 crores or more
c) 50 crores or more
d) 30 crores or more