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CUET Commerce Exam  >  CUET Commerce Tests  >  General Test Preparation for CUET  >  Daily Current Affairs MCQs : 31 October 2023 - CUET Commerce MCQ

Daily Current Affairs MCQs : 31 October 2023 - CUET Commerce MCQ


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10 Questions MCQ Test General Test Preparation for CUET - Daily Current Affairs MCQs : 31 October 2023

Daily Current Affairs MCQs : 31 October 2023 for CUET Commerce 2024 is part of General Test Preparation for CUET preparation. The Daily Current Affairs MCQs : 31 October 2023 questions and answers have been prepared according to the CUET Commerce exam syllabus.The Daily Current Affairs MCQs : 31 October 2023 MCQs are made for CUET Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Daily Current Affairs MCQs : 31 October 2023 below.
Solutions of Daily Current Affairs MCQs : 31 October 2023 questions in English are available as part of our General Test Preparation for CUET for CUET Commerce & Daily Current Affairs MCQs : 31 October 2023 solutions in Hindi for General Test Preparation for CUET course. Download more important topics, notes, lectures and mock test series for CUET Commerce Exam by signing up for free. Attempt Daily Current Affairs MCQs : 31 October 2023 | 10 questions in 10 minutes | Mock test for CUET Commerce preparation | Free important questions MCQ to study General Test Preparation for CUET for CUET Commerce Exam | Download free PDF with solutions
Daily Current Affairs MCQs : 31 October 2023 - Question 1
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In the context of the GST notification, what is the applicable GST rate for corporate guarantees provided by corporations to their subsidiaries?

Detailed Solution for Daily Current Affairs MCQs : 31 October 2023 - Question 1
The Ministry of Finance has notified an 18% GST rate for corporate guarantees provided by corporations to their subsidiaries. This means that 18% GST will be levied on 1% of the total amount guaranteed by the parent company or the actual consideration, whichever is higher. This move is aimed at bringing clarity and consistency to the taxation of corporate guarantees.
Daily Current Affairs MCQs : 31 October 2023 - Question 2
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What recommendation from the 52nd GST Council Meeting led to the modification of GST regulations?

Detailed Solution for Daily Current Affairs MCQs : 31 October 2023 - Question 2
The modification in GST regulations was recommended during the 52nd GST Council Meeting, chaired by Union Finance Minister Nirmala Sitharaman. This meeting empowered the government to make amendments to the Central Goods and Services Tax (CGST) Rules, which are now known as the "CGST (fourth amendment) Rules, 2023."
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Daily Current Affairs MCQs : 31 October 2023 - Question 3
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According to the World Energy Outlook 2023, when is the global peak in the use of fossil fuels expected to occur?

Detailed Solution for Daily Current Affairs MCQs : 31 October 2023 - Question 3
The World Energy Outlook 2023 report by the International Energy Agency (IEA) predicts an early peak in the use of fossil fuels by the year 2025, which is two years earlier than previously anticipated. This acceleration is attributed to the rapid growth of low-carbon technologies.
Daily Current Affairs MCQs : 31 October 2023 - Question 4
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What is the IEA's stance on new fossil fuel projects, as highlighted in the World Energy Outlook 2023?
Detailed Solution for Daily Current Affairs MCQs : 31 October 2023 - Question 4
As per the World Energy Outlook 2023, the IEA reiterates its stance that all new fossil fuel projects should be immediately halted to achieve net-zero emissions by 2050. This underscores the urgency of transitioning to cleaner energy sources to combat climate change.
Daily Current Affairs MCQs : 31 October 2023 - Question 5
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According to the IEA's report, what is the expected ratio of investment in clean energy compared to fossil fuels in 2030?
Detailed Solution for Daily Current Affairs MCQs : 31 October 2023 - Question 5
The World Energy Outlook 2023 report indicates that global investment in clean energy is expected to be nearly five times that of fossil fuels by the year 2030. This trend reflects the world's shift towards sustainable and eco-friendly energy solutions.
Daily Current Affairs MCQs : 31 October 2023 - Question 6
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What action did the Financial Action Task Force (FATF) take regarding the Cayman Islands on the 27th of October 2023?
Detailed Solution for Daily Current Affairs MCQs : 31 October 2023 - Question 6
On the 27th of October 2023, the FATF removed the Cayman Islands from its 'grey list.' This signifies that the Cayman Islands is no longer designated as a jurisdiction under increased monitoring by the FATF.
Daily Current Affairs MCQs : 31 October 2023 - Question 7
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What financial institution has collaborated with Viamericas Corporation to offer digital inward remittance services to NRIs in the USA?
Detailed Solution for Daily Current Affairs MCQs : 31 October 2023 - Question 7
IndusInd Bank Limited has entered into a strategic collaboration with Viamericas Corporation to provide digital inward remittance services to Non-Resident Indians (NRIs) in the United States. This collaboration is facilitated through IndusInd Bank's digital remittance platform, Indus Fast Remit.
Daily Current Affairs MCQs : 31 October 2023 - Question 8
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What was the reason for the Cayman Islands' addition to the FATF 'grey list' in 2021?
Detailed Solution for Daily Current Affairs MCQs : 31 October 2023 - Question 8
The Cayman Islands were added to the FATF 'grey list' in 2021 following a mutual evaluation. At that time, the FATF acknowledged that the jurisdiction had met 60 out of 63 recommended actions. The key issue was non-compliance with FATF regulations.
Daily Current Affairs MCQs : 31 October 2023 - Question 9
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What is the primary working mechanism of the Indus Fast Remit platform?
Detailed Solution for Daily Current Affairs MCQs : 31 October 2023 - Question 9
The Indus Fast Remit platform allows NRIs to send money to India through auto debit payment mode (Automated Clearing House – ACH), which is a digital remittance method. This offers NRIs a convenient and efficient way to send money to their beneficiaries in India.
Daily Current Affairs MCQs : 31 October 2023 - Question 10
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For what category of projects did UST receive the Mahatma Award for CSR Excellence in Community Initiatives?
Detailed Solution for Daily Current Affairs MCQs : 31 October 2023 - Question 10
UST received the Mahatma Award for CSR Excellence in Community Initiatives for its impactful environmental conservation and sustainable livelihood projects. One noteworthy project involved the cultivation of 75,000 medicinal saplings in 2022, benefiting farmers in diverse Indian regions.
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