Which of the following statements about TDS (Tax Deducted at Source) is correct? MCQ with Answer and Explanation

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Which of the following statements about TDS (Tax Deducted at Source) is correct?

A. TDS applies only to salaried individuals

B. TDS is not applicable to interest income

C. TDS is collected only by the central government

D. TDS ensures advance tax collection and reduces tax evasion

Answer: Option D

Solution (By JKSSB Mock Tests)

TDS ensures advance tax collection and reduces tax evasion. It applies to multiple income sources (salary, interest, rent, etc.), not just salaries.

This question belongs to: Current Affairs Current Affairs 2026 Section 1

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Question #1

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In April 2026, China's manned space program selected how many Pakistani astronauts as foreign crew members?

A. 3

B. 2

C. 4

D. 1

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Correct Answer: Option B

Explanation:
In April 2026, China's manned space program selected 2 Pakistani astronauts as foreign crew members.[reference:79]

This question belongs to: Current Affairs Current Affairs 2026 Section 1

Question #2

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'Nivesh Mitra 3.0' was launched in which state?

A. Bihar

B. Madhya Pradesh

C. Uttar Pradesh

D. Rajasthan

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Correct Answer: Option C

Explanation:
'Nivesh Mitra 3.0' was launched in Uttar Pradesh.[reference:25]

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Question #3

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Who became the first BJP Chief Minister of Bihar in 2026?

A. Samrat Choudhary

B. Jitan Ram Manjhi

C. Nitish Kumar

D. Sushil Kumar Modi

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Correct Answer: Option A

Explanation:
Political development in Bihar.

This question belongs to: Current Affairs Current Affairs 2026 Section 1

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