Current Affairs 2024 - Part 7 (50 Questions)

1

Question 1 of 50

Marks 2.0 Negative 0.25

Immunity from penalty and prosecution has been extended from underreporting to:

GST evasion Misreporting Transfer pricing Tax avoidance

2

Question 2 of 50

Marks 2.0 Negative 0.25

Which of the following is a major advantage of digital platforms for businesses?

All of the above Faster approvals Reduced processing time Better service delivery

3

Question 3 of 50

Marks 2.0 Negative 0.25

Which of the following is NOT a characteristic of digital governance?

Speed Accountability Manual file movement Transparency

4

Question 4 of 50

Marks 2.0 Negative 0.25

A major outcome of digital reforms is:

Increased procedural complexity Increased transparency Reduced efficiency Reduced accessibility

5

Question 5 of 50

Marks 2.0 Negative 0.25

The Jan Vishwas (Amendment of Provisions) Act, 2023 amended provisions across how many Acts?

50 35 28 42

6

Question 6 of 50

Marks 2.0 Negative 0.25

Out of the 355 provisions in the Jan Vishwas Bill, 2025, how many are proposed for decriminalisation?

250 288 355 183

7

Question 7 of 50

Marks 2.0 Negative 0.25

The Udyam Registration Portal is primarily meant for:

MSMEs Farmers Universities Banks

8

Question 8 of 50

Marks 2.0 Negative 0.25

Digital systems improve governance primarily through:

Real-time monitoring All of the above Online service delivery Automation

9

Question 9 of 50

Marks 2.0 Negative 0.25

MCA21 ensures information security by complying with:

ISO 14001 ISO 9001 ISO 27001 ISO 45001

10

Question 10 of 50

Marks 2.0 Negative 0.25

Technology-driven governance mainly improves:

Investor confidence Administrative efficiency All of the above Public trust

11

Question 11 of 50

Marks 2.0 Negative 0.25

The Government's customs reform strategy is primarily based on:

Physical verification of every consignment State-wise customs licensing Manual documentation Trust-based customs systems

12

Question 12 of 50

Marks 2.0 Negative 0.25

The remaining provisions in the Jan Vishwas Bill, 2025 primarily aim to improve:

Ease of Living Digital payments Capital markets Export promotion

13

Question 13 of 50

Marks 2.0 Negative 0.25

Digital transformation contributes to business growth mainly by:

Simplifying regulatory compliance Restricting innovation Increasing procedural delays Reducing internet access

14

Question 14 of 50

Marks 2.0 Negative 0.25

Which type of ecosystem does the Digital Blueprint seek to create?

Licence-based ecosystem Manual governance ecosystem Closed administrative ecosystem Technology-enabled business ecosystem

15

Question 15 of 50

Marks 2.0 Negative 0.25

The combined objective of the regulatory reforms discussed in this section is to:

Reduce regulatory friction while preserving accountability Restrict foreign investment Reduce transparency Increase procedural complexity

16

Question 16 of 50

Marks 2.0 Negative 0.25

Under the revised prosecution framework, the maximum simple imprisonment is:

Five years Six months Two years One year

17

Question 17 of 50

Marks 2.0 Negative 0.25

Which of the following is NOT a feature of MCA21 Version 3?

e-Scrutiny Compliance Management System e-Adjudication Manual file verification

18

Question 18 of 50

Marks 2.0 Negative 0.25

The long-term vision behind India's digital governance reforms is to:

Increase manual compliance Reduce internet penetration Build a competitive, transparent and digitally empowered economy Restrict digital innovation

19

Question 19 of 50

Marks 2.0 Negative 0.25

Approximately how many filings were made on MCA21 during 2021–2025?

4.84 crore 3.84 crore 5.84 crore 2.84 crore

20

Question 20 of 50

Marks 2.0 Negative 0.25

The Insolvency and Bankruptcy Code (IBC) was enacted in:

2015 2017 2016 2014

21

Question 21 of 50

Marks 2.0 Negative 0.25

The Jan Vishwas (Amendment of Provisions) Bill, 2025 comprises how many provisions?

400 255 355 300

22

Question 22 of 50

Marks 2.0 Negative 0.25

Digital reforms primarily encourage:

Innovation All of the above Entrepreneurship Investment

23

Question 23 of 50

Marks 2.0 Negative 0.25

As of 12 February 2026, the Udyam Portal had facilitated over:

6.71 crore registrations 7.71 crore registrations 5.71 crore registrations 8.71 crore registrations

24

Question 24 of 50

Marks 2.0 Negative 0.25

MCA21 Version 3 has been providing end-to-end registry and incorporation-related services since:

2010 2014 2004 2006

25

Question 25 of 50

Marks 2.0 Negative 0.25

Till September 2025, how many corporate debtors had been rescued under the IBC?

3,865 4,865 2,865 3,265

26

Question 26 of 50

Marks 2.0 Negative 0.25

Updated income tax returns are permitted even after reassessment with an additional tax of:

8% 15% 10% 5%

27

Question 27 of 50

Marks 2.0 Negative 0.25

The Udyam Registration Portal integrates directly with:

SEBI and IRDAI CBDT and GSTN NPCI and NABARD UIDAI and RBI

28

Question 28 of 50

Marks 2.0 Negative 0.25

Technical penalties under the new framework have largely been converted into:

Licence suspension Fees Community service Criminal prosecution

29

Question 29 of 50

Marks 2.0 Negative 0.25

The Digital Blueprint aims to strengthen India's position as:

A cash-only economy An import-dependent economy A closed economy A technology-enabled investment destination

30

Question 30 of 50

Marks 2.0 Negative 0.25

Which principle is central to India's digital governance reforms?

Manual approvals Digital-first governance Paper-first governance Physical documentation

31

Question 31 of 50

Marks 2.0 Negative 0.25

Approximately what percentage of MCA21 helpdesk tickets were successfully resolved?

90% 100% 98% 94%

32

Question 32 of 50

Marks 2.0 Negative 0.25

Retrospective immunity for non-disclosure of foreign assets below ₹20 lakh is effective from:

1 April 2024 1 October 2024 1 January 2025 1 July 2024

33

Question 33 of 50

Marks 2.0 Negative 0.25

The primary objective of India's Digital Blueprint for Ease of Doing Business is to:

Increase paperwork in governance Replace all State Governments Restrict digital services Build a transparent, technology-driven and efficient business ecosystem

34

Question 34 of 50

Marks 2.0 Negative 0.25

One important benefit of digital integration is:

Increased paperwork Higher compliance burden Better coordination among government departments Slower approvals

35

Question 35 of 50

Marks 2.0 Negative 0.25

According to the PIB document, Udyam registrations have supported approximately:

23.97 crore jobs 38.97 crore jobs 28.97 crore jobs 33.97 crore jobs

36

Question 36 of 50

Marks 2.0 Negative 0.25

Which offence has been decriminalised under the rationalisation measures?

Money laundering Non-production of books and TDS on payments in kind Smuggling Production of counterfeit currency

37

Question 37 of 50

Marks 2.0 Negative 0.25

Digital governance contributes directly to:

All of the above Ease of Living Ease of Doing Business Better public service delivery

38

Question 38 of 50

Marks 2.0 Negative 0.25

Which statement best reflects the Digital Blueprint?

Digital governance replaces economic reforms. Digital governance increases regulatory burden. Digital governance strengthens transparency and efficiency. Digital governance discourages businesses.

39

Question 39 of 50

Marks 2.0 Negative 0.25

The Jan Vishwas reforms reflect the Government's commitment to which governance philosophy?

Vocal for Local Sabka Saath, Sabka Vikas Minimum Government, Maximum Governance Cooperative Federalism

40

Question 40 of 50

Marks 2.0 Negative 0.25

Which of the following is a key feature of digital governance?

Paper-based approvals Offline-only applications Manual record keeping Technology-enabled public services

41

Question 41 of 50

Marks 2.0 Negative 0.25

Digital governance primarily improves Ease of Doing Business by:

Eliminating online services Reducing physical interface between citizens and government Increasing manual verification Increasing paperwork

42

Question 42 of 50

Marks 2.0 Negative 0.25

Digital public services are designed to promote:

Efficiency All of the above Transparency Accountability

43

Question 43 of 50

Marks 2.0 Negative 0.25

Which of the following best describes India's digital reform strategy?

Offline licensing system Technology-enabled governance with simplified compliance Manual inspections only Paper-based administration

44

Question 44 of 50

Marks 2.0 Negative 0.25

The primary objective of SEBI's recent regulatory reforms is to:

Increase compliance burden Simplify regulations and improve transparency Restrict market participation Increase litigation

45

Question 45 of 50

Marks 2.0 Negative 0.25

The primary objective of the Insolvency and Bankruptcy Code (IBC) is:

Nationalising private companies Promoting exports Rescuing corporate debtors in distress Increasing corporate taxation

46

Question 46 of 50

Marks 2.0 Negative 0.25

Digital governance helps businesses primarily by:

Increasing compliance burden Increasing licensing fees Simplifying interactions with government agencies Eliminating private enterprises

47

Question 47 of 50

Marks 2.0 Negative 0.25

During FY 2025–26 (up to 31 January 2026), approximately how many helpdesk tickets were raised on MCA21?

4,16,877 3,16,877 2,16,877 5,16,877

48

Question 48 of 50

Marks 2.0 Negative 0.25

Out of the rescued corporate debtors, how many were resolved through approved resolution plans?

1,100 1,700 1,300 1,500

49

Question 49 of 50

Marks 2.0 Negative 0.25

The Jan Vishwas (Amendment of Provisions) Act, 2023 decriminalised how many provisions?

120 150 288 183

50

Question 50 of 50

Marks 2.0 Negative 0.25

Integrated assessment and penalty orders provide relief by reducing the mandatory pre-deposit from:

15% to 5% 30% to 20% 20% to 10% 25% to 15%

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