Consider the following statements regarding Treasury Bills in India:1.Treasury Bills are issued by the Reserve Bank of India in three distinct tenors: 91-day, 182-day, and 364-day.2.Treasury Bills are long-term debt securities issued by the sovereign government at a premium to fund fiscal expansion.Which of the statements given above is/are correct?
UPSC · current affairs quiz
Daily news quiz · 19 September 2026
Prelims-style MCQs from the 19 September 2026 daily news summary. Choose an option to see if you are right — two questions on each topic.
With reference to the recent financial assistance provided to Maldives, consider the following statements:1.The State Bank of India subscribed to Maldivian Treasury Bills in 2019 to prevent default.2.The Ministry of Finance directly administers and rolls over these foreign T-bill assistances without involving the Ministry of External Affairs.Which of the statements given above is/are correct?
Consider the following statements regarding Special Economic Zones (SEZs):1.The Domestic Tariff Area (DTA) refers to the area within India outside SEZs where normal customs and tax laws apply.2.Supply of goods from SEZ to DTA historically required mandatory forex realization under Section 2(z).Which of the statements given above is/are correct?
Which of the following best describes the recent draft government note regarding SEZ units and the Domestic Tariff Area (DTA)?
Consider the following statements regarding the recent amendment to Income-tax Rules by the CBDT:1.Amended Rule 225 completely eliminates civil arrest and detention as standard procedures for direct tax recovery.2.The Central Board of Indirect Taxes and Customs (CBIC) is the authority responsible for amending direct tax recovery rules.Which of the statements given above is/are correct?
What is the primary role of a Tax Recovery Officer (TRO) under the income tax framework?