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Current Affairs 2010 - Questions and Answers

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516. The Finance Minister introduced the Direct Taxes Code (DTC) Bill in Parliament recently. Which of the following statements about the changes proposed in DTC on tax paid on income by companies, is/are correct?I. The corporate tax rate has been reducedII. Cess and surcharge on corporate tax have been removedIII. The corporate tax rate will be the same for both Indian and foreign companies
A. I and II only
B. II and III only
C. III only
D. I and III only
Explanation:
517. India signed its first MoU to boost defence cooperation, including co-development and co-production of defence products, with which Asian country recently?
A. Japan
B. China
C. Thailand
D. South Korea
Explanation:
518. Who won the Lifetime Achievement Award at the NDTV Profit Business Leadership Awards presented recently?
A. Azim Premji
B. Ratan Tata
C. K V Kamath
D. N R Narayana Murthy
Explanation:
519. India has the _______ number of companies in Forbes Asias “Best Under A Billion” list that comprises companies with annual sales upto $ 1 billion, unveiled recently.
A. Highest
B. Second highest
C. Third highest
D. Fourth highest
Explanation:
520. Which of the following has developed the ‘chilli grenade’, a new non-lethal weapon for the CRPF and other security forces, to deal with violent crowds and rioters recently?
A. Indian Institute of Science, Bangalore
B. Defence Research and Development Organisation
C. Indian Institute of Technology, Kharagpur
D. Council for Scientific and Industrial Research
Explanation: