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15 February 2025 Daily CA Quiz

author February 15, 2025 No Comments CA Quiz Quiz

Welcome to your 15february2025dailycaquiz

Consider the following statements regarding the new Income Tax Bill:

I. Under the new system, income will be assessed in the same tax year in which it is earned.
II. For businesses established mid-year, the tax year will start from April 1 of the following year.
Which of the above statements is/are correct?

Only I

Only II

Both

None

Not Attempted

None

Which of the following conditions allow the imposition of President’s Rule under Article 356?

The Governor’s report suggests the state government is unable to function as per constitutional provisions.

The state government has not passed a budget within the financial year.

The ruling party loses its majority in the Assembly.

The Election Commission recommends the dissolution of the state Assembly.

Not Attempted

None

Consider the following statements about the report ‘Status of Devolution to Panchayats in States’:

I. The devolution percentage has increased from 39.9% in 2013-14 to 43.9% in 2021-22.
II. Tamil Nadu and Maharashtra are the top two states in devolution rankings.
Which of the above statements is/are correct?

Only I

Only II

Both

None

Not Attempted

None

Which of the following statements about India's position in the Climate Risk Index (CRI) 2025 is correct?

India ranked second among the most affected nations.

India accounted for 25% of global climate-related fatalities.

India is among the top 10 most climate-vulnerable nations.

India was ranked below Italy in the Climate Risk Index.

Not Attempted

None

Which new category has been explicitly included as taxable income under the new Income Tax Bill?

Agricultural income

Virtual Digital Assets (VDAs)

Gifts from close relatives

Dividends from government bonds

Not Attempted

None

Which of the following is NOT a concern related to excessive financialization?

Increased economic inequality

Decreased reliance on household debt

Distortion of economic functioning towards financial profits

Influence on policies favoring predatory lending

Not Attempted

None

Consider the following statements:

I. FATF (Financial Action Task Force) was established with the primary objective of regulating global stock markets.
II. India became a full member of FATF in 2010.
Which of the above statements is/are correct?

Only I

Only II

Both

None

Not Attempted

None

Which of the following statements is correct about INS Arihant?

It is India’s first aircraft carrier with nuclear propulsion.

It is an indigenous nuclear submarine commissioned under the ATV project.

It was commissioned in 2010 as part of India’s nuclear triad.

It carries Agni-series missiles for nuclear deterrence.

Not Attempted

None

Which of the following traditional water conservation structures is correctly matched with its region?

Johad – Tamil Nadu

Khatri, Kuhl – Himachal Pradesh

Dongs – Rajasthan

Eri, Ooranis – Assam

Not Attempted

None

10.

Which of the following is a financial support measure for dairy farmers under the White Revolution 2.0 initiative?

Introduction of RuPay Kisan Credit Cards

Subsidies on dairy equipment

Free veterinary services

Tax exemptions for dairy farmers

Not Attempted

None

Time’s up

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