Central Excise Day, observed on 24 February, commemorates the enactment of which law?
- A.The Central Excise and Salt Act, 1944
- B.The Customs Act, 1962
- C.The Income Tax Act, 1961
- D.The Finance Act, 1994
Correct answer
Explanation
The correct answer is A, the Central Excise and Salt Act of 1944, which was enacted on 24 February of that year. The day is observed by the indirect tax administration to mark the occasion and to encourage honest collection of duty, and it is a standard question in papers that include a section on the economy and administration.
Option B, the Customs Act of 1962, governs duties on goods entering and leaving the country and has no observance attached to it. Option C, the Income Tax Act of 1961, is the principal law on direct taxation, which is a different branch of taxation altogether. Option D, the Finance Act of 1994, is the law under which service tax was introduced in India. The examinable pairing here is simple but easily forgotten: 24 February with excise, and the word salt in the name of the 1944 Act.
Read the full article: Important Days in January and February: Dates and MCQs
Practice Questions
View allNational Youth Day is observed in India on 12 January to mark the birth anniversary of whom?
- A.Subhas Chandra Bose
- B.Lala Lajpat Rai
- C.Swami Vivekananda
- D.Bhagat Singh
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The Government of India chose his birth anniversary for National Youth Day because his writings and speeches were addressed above all to the young, and his address at the Parliament of Religions in Chicago in 1893 remains the best known moment of his life.
Read the full explanation →Indian Army Day is celebrated every year on which date?
- A.4 December
- B.15 January
- C.8 October
- D.26 January
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On that date in 1949, Field Marshal K. M. Cariappa took over as the first Indian Commander-in-Chief of the Indian Army from the last British officer to hold the post, and the day marks the passing of command into Indian hands.
Read the full explanation →World Wetlands Day, observed on 2 February, marks the signing of which international agreement?
- A.Basel Convention
- B.CITES
- C.Montreal Protocol
- D.Ramsar Convention
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Wetlands listed for protection under the treaty are called Ramsar sites, and the name of the town has become the name of the agreement.
Read the full explanation →National Science Day is celebrated in India on 28 February in memory of which event?
- A.The discovery of the neutron
- B.The announcement of the Raman Effect
- C.The discovery of penicillin
- D.The launch of the satellite Aryabhata
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C. V. Raman announced his discovery of the scattering of light that carries his name on 28 February 1928, and he was awarded the Nobel Prize in Physics for it in 1930.
Read the full explanation →International Mother Language Day is observed every year on which date?
- A.10 January
- B.13 February
- C.21 February
- D.26 January
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The day was declared by UNESCO to promote linguistic and cultural diversity and to protect languages that are dying out, and the date recalls the language movement in Dhaka in 1952, in which students were killed while demanding recognition for Bengali.
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