Static GK Test: July 29, 2022 - Bank Exams MCQ

The fourth Schedule of the Indian Constitution, allocates the seats in the Council of States, i.e., Rajya Sabha to the states and the Union territories. 

Central Board of Indirect Taxes & Custom (CBIC) has lowered the threshold for mandatory issuance of e-invoice (electronic invoice) under Goods & Services Tax (GST) to Rs. 20 crore from the earlier prescribed limit of Rs. 50 crore.

The Union Ministry of Micro, Small & Medium Enterprises (MSME) is setting up an MSME-Technology Centre in Sindhudurg, Maharashtra, with an outlay of Rs. 200 Crore.

• Article 72 of the Indian Constitution defines the power of the President to grant pardons, etc, and to suspend, remit or commute sentences in certain cases.
• Article 81 of the Constitution defines the composition of the House of the People or Lok Sabha.
• Article 55 of the Constitution deals with the Manner of election of President.
• Article 63 of the Constitution provides the office of Vice-president.

Madagascar is witnessing its fourth cyclone in five weeks as Emnati makes a severe landfall. Madagascar is hit by numerous cyclones between November and April every year.

• Indus Waters Treaty was signed between India and Pakistan on September 19, 1960.

• The treaty was signed between two countries after nine years of negotiations with the help of the World Bank.

• It was signed in Karachi by Indian Prime Minister Jawaharlal Nehru and Pakistani President Ayub Khan.

• The Treaty allocates the Western Rivers (Indus, Jhelum, Chenab) to Pakistan and the Eastern Rivers (Ravi, Beas, Sutlej) to India.

The Indian Air Force has decided not to send its aircraft to the multilateral air exercise 'Cobra Warrior-22' in United Kingdom, due to the deepening crisis in Ukraine, arising out of the Russian military attack in that country.

● The Quit India Movement was launched by Mahatma Gandhi from Bombay.

● It was begun on the ninth of August in the year 1942 and It is also known as the August Movement.

● It was announced by the Indian National Congress after the disappointment of the Cripps Mission.

● Mohandas Karamchand Gandhi is widely recognized as one of the twentieth century's greatest political and spiritual leaders.

● He played an important role in India's struggle for freedom.

● He was the primary leader of India's independence movement and he is regarded as the Father of the Nation.

India has become the second country after China to implement a T+1 stock settlement mechanism in a phased manner. The system will be starting with select stocks and then gradually add others to the fold.

Union Cabinet has approved the pan-India implementation of the Ayushman Bharat Digital Mission with a budget of Rs.1,600 crore for five years.