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Daily Current Affairs Quiz for UPSC : 27 Dec 2024

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Daily Current Affairs Quiz for UPSC : 27 Dec 2024

Which of the following statements about GST Compensation Cess is/are correct?

  1. GST Compensation Cess is levied to compensate states for revenue loss due to the implementation of GST.
  2. The compensation cess applies only to luxury and demerit goods such as tobacco and aerated drinks.
  3. The GST Compensation Cess fund is shared equally between the Centre and the states

According to the Economic Advisory Council to the Prime Minister (EAC-PM) report titled “400 Million Dreams!”, which of the following statements is/are correct?

  1. The number of domestic migrants in India has decreased by approximately 12% since 2011.
  2. The migration rate in India has increased from 28.88% in 2011 to 37.64% in 2023.
  3. Improved economic opportunities in traditionally high migration source areas are hypothesized as a reason for the decline in migration.

Which legislation forms the basis for the Post Office Rules, 2024?

 

Which of the following books was authored by Dr. Manmohan Singh that discusses economic policies and challenges?

 

Which of the following is/are true about the Real Effective Exchange Rate (REER)?

1. REER measures the value of a country’s currency relative to a basket of other currencies, adjusted for inflation.

2.REER is calculated only based on the exchange rates of major trading partners.

3. An increase in REER indicates a depreciation of the domestic currency.

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