Daily Five Apr 14 2017

Daily Five Apr 14 2017


Date: 14/04/2017
1. Tips/Tricks
2. Prelims Questions
3. QuickBytes
4. RAG topics
5. Mains Questions
All the below notes will also be updated in the ARISE IAS RAG List for systematic revision.
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1. Tips/Tricks

Follow Twitter updates of Indian diplomacy. Many useful information is posted by them, check out Indian Diplomacy (@IndianDiplomacy): https://twitter.com/IndianDiplomacy?s=09


2. Prelims Questions

1. Which of the following steps taken by the Government have had a positive effect in reducing money laundering?

1. Rationalizing income tax rates.
2. Introduction of TDS.
3. GAAR, DTAA and FATF.
4. WTO AoA and Trade Facilitation Agreement.
5. Attempt to join SCO, TPP and ASEAN.
A) Only 1, 2 and 3.
B) Only 1, 2, 3 and 4.
C) Only 1, 2, 3 and 5.
D) All of the above.

2. Which of the following institutions fight against money laundering?

1. Enforcement Directorate – ED.
2. Financial Action Task Force – FATF.
3. Money Laundering Prevention Team – MLPT.
4. Central Board of Direct Taxes – CBDT.
5. Financial Intelligence Unit – FIU.

A. Only 1
B. 1,2,5
C. 1,2,4,5
D. All
Ans:
1. A
2. D


3. QuickBytes (Use these quotes/figures/facts in your Mains Exam)

Money laundering is the process of making illegally-gained proceeds (i.e. “dirty money”) appear legal (i.e. “clean”). Typically, it involves three steps: placement, layering, and integration.


4. RAG topics

1. Global Zero
SOURCE
2. Electricity trade with neighbours
SOURCE


5. Mains Questions

1. Should India join the “ban nuclear weapons” movement? Discuss its strategic implications
2. Identify and elaborate various ways to improve our relationship with Nepal.

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