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Wednesday 12 December 2012

Topics to be covered from Hindu Paper dated on Tuesday December 11th    
Topic
Page No.
Congress in a fix as BSP, SP lock horns over reservation bill
1
Use visa card sensibly
12
A British journalist and the Tamil poet
12
Setting an example
12
No need for hype but certainly a hope
13
Nobel prize money will benefit war – hit children, says EU
16
‘How can caste, region based recruitment go on in Army regiments?’
22















QUESTION
1. Consider the following statement regarding with Advance Pricing Agreement (APA) Scheme
1. With objective to reduce transfer pricing tax disputes central government announced the Advance Pricing Agreement (APA) rules which will allow companies to seek guidance on pricing of goods and services in advance.
2. An APA is an agreement between the Central Board of Direct Taxes (CBDT) and any person which determines in advance the arm's length price or specifies the manner of the determination of arm's length price (or both) in relation to an international transaction.
 
3. The APA scheme notifies two types of APA: unilateral and bilateral .
Correct statements are
(a) 1 and 2 (b) 2 and 3
(c) 1 and 3 (d) All above

2. Consider the following statements with regards New mobile tower radiation norms
1. EMF (Electromagnetic Frequency) exposure limit (Base Station Emissions) has been lowered to 1/15th of the existing ICNIRP exposure level effective 1st Sept. 2012.
2. According to new standard On handsets all new designs of mobile handsets shall comply with the Specific Absorption Rate (SAR) values of 1.6 watt/kg averaged over 1 gram of human tissue from 1st Sept. 2012.
Correct statement is/are
(a) Only 1 (b) Only 2(c) Both 1 and 2 (d) None of above

3. Consider the following statements regarding National Food Processing Development Council
1. A National Food Processing Development Council (NFPDC) has been set up under the chairmanship of the Prime minister .
2. The NMFP scheme would help the states/union territories in maintaining requisite synergy between agriculture plans of states and development of food processing sector which in turn would help increase farm productivity thereby boosting farmers' incomes.
 
3. During 2012-13 schemes such as technology up-gradation, modernization of food processing industries, cold chain, value addition and preservation infrastructure for non-horticultural products, among others, being implemented by the government directly.
Correct statement is/are
(a) 1 and 2 (b) 2 and 3
(c) 1 and 3 (d) All above

4. Match the following
List -I List -II
A. Shri Deepak S. Parekh 1. Banking
B. Shri Gurcharan Das 2. Author
C. Shri SPS Cheema 3. Navy
Codes:-
A B C
 
(a) 1 2 3
 
(b) 1 3 2
(c) 3 2 1
(d) 2 3 1

5. Consider the following statements
1. The Hunar Se Rozgar Tak (HSRT) initiative is being implemented through expert institutions including the Indian Institute of Tourism and Travel Management, Institutes of Hotel Management, Food Craft Institutes and India Tourism Development Corporation.
2. The economic activities which registered significant growth in First Quarter of 2012-13 over First Quarter of 2011-12 are 'construction' at 10.9 per cent financing, insurance, real estate and business services at 10.8 per cent and community, social and personal services at 7.9 per cent.
3. Since 2011, bilateral trade between India and ASEAN has increased by 43% to USD 79.8 billion and India is the sixth largest trading partner of ASEAN.
Correct statement is/are
(a) 1 and 2 (b) 1 and 3
(c) 2 and 3 (d) All above