MCQs on Entertainment Current Affairs

4581.

The G7 framework is intended to be a starting point for:

A Bilateral tax treaties only

B More detailed multilateral agreements

C National tax policies exclusively

D A complete ban on digital assets

4582.

What is a potential benefit of the G7 framework in preventing tax evasion?

A Encouraging offshore digital asset holdings

B Standardizing reporting requirements for digital asset service providers

C Reducing the transparency of digital asset transactions

D Creating tax havens for digital assets

4583.

The agreement aims to address challenges related to taxing:

A Traditional stocks and bonds

B Cryptocurrencies, NFTs, and other digital assets

C Real estate transactions

D Commodity futures

4584.

The G7 framework for digital asset taxation includes a commitment to:

A Exempting all digital asset transactions from tax

B Enhanced information sharing among member countries

C Restricting the use of digital assets for trade

D Creating a new global digital currency

4585.

Which group of nations announced an agreement on a framework for digital asset taxation on April 1, 2026?

A G20

B BRICS

C G7

D OECD

4586.

Phase 2 of PAPSS expansion is focusing on integrating payment systems in which regions?

A North and West Africa

B East and Southern Africa

C Central and West Africa

D All African regions simultaneously

4587.

The primary objective of PAPSS is to:

A Increase reliance on correspondent banking

B Reduce the cost and time of intra-African trade payments

C Promote the use of foreign currencies for trade

D Restrict cross-border capital flows

4588.

PAPSS aims to facilitate cross-border transactions primarily in:

A US Dollars

B Euros

C Local African currencies

D Chinese Yuan

4589.

Which institution is a key partner in the development and rollout of PAPSS?

A International Monetary Fund (IMF)

B World Bank

C African Export-Import Bank (Afreximbank)

D Bank for International Settlements (BIS)

4590.

The Pan-African Payment and Settlement System (PAPSS) is an initiative of which organization?

A African Union Commission

B African Continental Free Trade Area (AfCFTA) Secretariat

C African Development Bank (AfDB)

D West African Economic and Monetary Union (WAEMU)

MCQs - 2026-04