(IGP) GS Paper 1 – Economic & Social Development – “Economic Updates – MCQ”

Subject – Economic and Social Development
Chapter – Economy Updates

1. Consider the following
statements.

1. Proposed GARR (General Anti Avoidence Rule)
   say that for the investors, a tax treaty would not have preferential status
   over the Indian domestic law.
    
2. The Supreme Court of India on (2011)
   appointed Special Investigation Team (SIT) comprised Justice Altams Kabir &
   S.S. Nijjhar.

Which of the above statements is
/ are true ?

1. Both 1 & 2
2. 1 only
3. 2 only
4. Neither 1 nor 2

2. Consider the following
statements about Financial Action Task Force (FATF).

1. FATF is the global body to combat money
   laundering & terror financing.
    
2. India is not the member of FATF.

Which of the above statements is
/ are true ?

1. 1 only
2. 2 only
3. Both 1 & 2
4. Neither 1 nor 2

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