MCQ Test: August 23, 2025 - Current affairs for all the Exams: India Notifies New Income Tax Act, Launches Key Employment Scheme, and Strengthens Online Gaming Regulation

1. When is the Income Tax Act, 2025, which replaces the Income-tax Act of 1961, set to take effect?

A) August 21, 2025 B) August 22, 2025 C) April 1, 2026 D) April 1, 2025

2. What is a primary objective of the Promotion and Regulation of Online Gaming Bill, 2025, regarding 'money gaming platforms'?

A) To promote all forms of online gaming without restriction B) To curb addiction and financial distress caused by predatory money gaming platforms C) To ban all online gaming activities in India D) To primarily encourage foreign investment in the gaming sector

3. On which date was the Pradhan Mantri Viksit Bharat Rojgar Yojana launched nationwide?

A) August 22, 2025 B) August 15, 2025 C) August 21, 2025 D) April 1, 2026

4. Under the Pradhan Mantri Viksit Bharat Rojgar Yojana, what is the direct financial support provided by the Central Government to young individuals taking their first job in the private sector?

A) ₹10,000 B) ₹12,500 C) ₹15,000 D) ₹20,000

5. The Prime Minister inaugurated and laid foundation stones for development projects worth approximately ₹13,000 crore on August 22, 2025, in which city of Bihar?

A) Patna B) Gaya C) Buxar D) Muzaffarpur

6. How many railway stations across the country have been selected for redevelopment under the Amrit Bharat Station Scheme?

A) 1,000 B) 1,250 C) 1,337 D) 1,500

7. The Karnataka Chief Minister announced a White Paper on August 22, 2025, concerning which financial aspect?

A) State's own tax revenue collection B) Allocations received for centrally-sponsored schemes C) Foreign Direct Investment in the state D) State's outstanding public debt

8. The transport ministry's notification on August 21, 2025, aims to discourage the retention of older vehicles by significantly increasing registration renewal fees for vehicles older than how many years?

A) 10 years B) 15 years C) 20 years D) 25 years

9. Which of the following is NOT explicitly mentioned as a purpose of the Income Tax Act, 2025?

A) Modernize and streamline India's direct tax framework B) Reduce the number of sections in tax law C) Increase the overall tax collection by 50% D) Improve clarity for taxpayers

10. The Promotion and Regulation of Online Gaming Bill, 2025, passed by Parliament on August 21, 2025, also aims to promote and regulate which other forms of online games?

A) Only casino-style games B) Only high-stakes gambling games C) E-sports and educational games D) All forms of online betting

ALL TN Comp Exams Prep

August 23, 2025 - Current affairs for all the Exams: India Notifies New Income Tax Act, Launches Key Employment Scheme, and Strengthens Online Gaming Regulation

Your Score: 0 / 0

1. When is the Income Tax Act, 2025, which replaces the Income-tax Act of 1961, set to take effect?

2. What is a primary objective of the Promotion and Regulation of Online Gaming Bill, 2025, regarding 'money gaming platforms'?

3. On which date was the Pradhan Mantri Viksit Bharat Rojgar Yojana launched nationwide?

4. Under the Pradhan Mantri Viksit Bharat Rojgar Yojana, what is the direct financial support provided by the Central Government to young individuals taking their first job in the private sector?

5. The Prime Minister inaugurated and laid foundation stones for development projects worth approximately ₹13,000 crore on August 22, 2025, in which city of Bihar?

6. How many railway stations across the country have been selected for redevelopment under the Amrit Bharat Station Scheme?

7. The Karnataka Chief Minister announced a White Paper on August 22, 2025, concerning which financial aspect?

8. The transport ministry's notification on August 21, 2025, aims to discourage the retention of older vehicles by significantly increasing registration renewal fees for vehicles older than how many years?

9. Which of the following is NOT explicitly mentioned as a purpose of the Income Tax Act, 2025?

10. The Promotion and Regulation of Online Gaming Bill, 2025, passed by Parliament on August 21, 2025, also aims to promote and regulate which other forms of online games?

August 23, 2025 - Current affairs for all the Exams: India Notifies New Income Tax Act, Launches Key Employment Scheme, and Strengthens Online Gaming Regulation

Your Score: 0 / 0

1. When is the Income Tax Act, 2025, which replaces the Income-tax Act of 1961, set to take effect?

2. What is a primary objective of the Promotion and Regulation of Online Gaming Bill, 2025, regarding 'money gaming platforms'?

3. On which date was the Pradhan Mantri Viksit Bharat Rojgar Yojana launched nationwide?

4. Under the Pradhan Mantri Viksit Bharat Rojgar Yojana, what is the direct financial support provided by the Central Government to young individuals taking their first job in the private sector?

5. The Prime Minister inaugurated and laid foundation stones for development projects worth approximately ₹13,000 crore on August 22, 2025, in which city of Bihar?

6. How many railway stations across the country have been selected for redevelopment under the Amrit Bharat Station Scheme?

7. The Karnataka Chief Minister announced a White Paper on August 22, 2025, concerning which financial aspect?

8. The transport ministry's notification on August 21, 2025, aims to discourage the retention of older vehicles by significantly increasing registration renewal fees for vehicles older than how many years?

9. Which of the following is NOT explicitly mentioned as a purpose of the Income Tax Act, 2025?

10. The Promotion and Regulation of Online Gaming Bill, 2025, passed by Parliament on August 21, 2025, also aims to promote and regulate which other forms of online games?

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