Questions

Q:

Article 36 to Article 51 of Indian Constitutional mainly deals with Directive Principles of State Policy, given in ______ of Indian Constitution.

 

A) Part II B) Part III
C) Part IV D) Part V
 
Answer & Explanation Answer: C) Part IV

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Q:

On 3 January 2018, Lok Sabha passed Ancient Monuments and Archaeological Sites and Remains (Amendment) Bill, 2017. The Bill seeks to permit construction in ‘Prohibited areas’ for ______.

 

A) Private Purposes B) Public Purposes
C) Both public and private Purposes D) None of these
 
Answer & Explanation Answer: B) Public Purposes

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Q:

Which five year plan aimed at following regional approach, instead of a sectoral approach so as to bring down regional inequalities?

 

A) Ninth Five year plan B) Eighth Five year plan
C) Tenth Five year plan D) Eleventh Five year plan
 
Answer & Explanation Answer: C) Tenth Five year plan

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Q:

Which of the following is a land locked country?

A) Azerbaijan B) Kazakhstan
C) Pakistan D) Bangladesh
 
Answer & Explanation Answer: B) Kazakhstan

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Q:

The first democratically elected female President of Africa is from

A) Nigeria B) Liberia
C) Tanzania D) Kenya  
 
Answer & Explanation Answer: B) Liberia

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Q:

Goods  and  Services  Tax  likely  to  be  levied in India is not a

A) gross value tax B) value-added tax
C) consumption tax D) destination-based tax
 
Answer & Explanation Answer: A) gross value tax

Explanation:

GST  is  a  destination-based  tax,  it means   end   users   consuming   any goods or services is liable to pay the Goods  and  Services  Tax.  The  tax  is collected  by  the  State  in  which  the goods or services are consumed and not  by  the  state  in  which  goods  are manufactured    and    If    there    are exports,  the  seller  of  the  goods  or services  is  exempted  from  paying the tax. GST is a consumption-based tax,  it  means  the  state  where  the goods  were  consumed  will  receive GST   and   where   goods   were   sold should  not  get  any  taxes.GST  is  a value added tax as it is based on the increase  in  value  of  a  product  or service  at  each  stage  of  production or   distribution.GST   is   not   gross value tax.

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Q:

Economics assumes that

A) people have unlimited desires but limited resources B) people have limited desires but unlimited resources
C) allocation of resources if not centrally planned will cause inefficiency D) people are emotional and make irrational decisions
 
Answer & Explanation Answer: A) people have unlimited desires but limited resources

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Q:

Who presented the first Union budget of independent India?

A) Morarji Desai B) John Mathai
C) TT Krishnamachari D) RK Shanmukham Chetty
 
Answer & Explanation Answer: D) RK Shanmukham Chetty

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