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Current Affairs Aug-2020

Showing 221 - 222 of 222 entries

221. What is the enhanced borrowing limit permitted to states, in terms of their GSDP?

A
6 per cent

B
5 per cent

C
3 per cent

D
2 per cent

Show Answer

Correct Answer : B [5 per cent]

Explaination : [The Union Finance Minister Nirmala Sitaraman chaired the 41st GST Council meet, which discussed about the options that can be given to states to meet shortfall of GST compensation. Earlier in the month of May, the Centre amended the FRBM act to raise the borrowing limit of States from 3 per cent to 5 per cent of GSDP for FY21. After the meeting, the Finance Minister said, a further relaxation of 0.5 per cent in the limit will be given. This year, there is a GST compensation gap of 2.35 lakh crore rupees.]

222. Which country has passed a bill to promote the legacies of Gandhi, Martin Luther King Jr?

A
India

B
United States

C
Australia

D
United Kingdom

Show Answer

Correct Answer : B [United States]

Explaination : [The US House of Representatives has recently passed a legislation to promote the legacies of Gandhi, Martin Luther King Jr. The bill seeks to set up an educational forum and an exchange programme for Indian and American students to study about the two great leaders. It also seeks to develop a professional development training initiative based on the principles of non-violence.]