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Q:

Which  one  of  the  following  statements  is correct in relation to the GST Bill passed by the Rajya Sabha in August 2016?

A) It  will  replace  all  central  taxes,  duties, etc, only by a single tax. B) It will subsume central as well as State taxes, duties, etc.
C) GST  will  be  levied  on  alcoholic liquor for  human  consumption  at  a  uniform rate of 25 percent. D) Petroleum   and   petroleum   products shall  not  be  subject  to  the  levy  of GST.
 
Answer & Explanation Answer: B) It will subsume central as well as State taxes, duties, etc.

Explanation:

Goods and Services Tax (GST)  will replace  all  central  as well as  state taxes  by  a  single  tax.  GST  will subsume  various  Central  indirect taxes,  including  the  Central  excise duty,Countervailing  duty,  Service tax,  etc.  It  also  subsumes  State Value Added Tax(VAT), Octroi and entry    tax,    Luxury    tax,    etc. Petroleum  products  like  kerosene, naphtha  and  LPG  will  be  under GST,  while  five  items,  including crude oil, natural gas, aviation fuel, diesel    and    petrol    have    been excluded.    Alcohol    for    human consumption will be out of GS

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Filed Under: Indian Politics
Exam Prep: Bank Exams

1 1860
Q:

Panchayati Raj system has an Intermediate tier known as _________.

A) Gram Panchayat B) Zila Parishad
C) Sarpanch Panchayat D) Panchayat Samiti
 
Answer & Explanation Answer: D) Panchayat Samiti

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

1 1860
Q:

Group of Monuments at Hampi is located in?

A) West Bengal B) Gujarat
C) Karnataka D) Tamil Nadu
 
Answer & Explanation Answer: C) Karnataka

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Filed Under: Indian Geography
Exam Prep: Bank Exams

0 1860
Q:

The longitudes of main land of India extends between __________.

A) 68°7' E and 97°25' E B) 68°7' W and 97°25' W
C) 68°7' N and 97°25' N D) 68°7' S and 97°25' S
 
Answer & Explanation Answer: A) 68°7' E and 97°25' E

Explanation:
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Filed Under: Indian Geography
Exam Prep: Bank Exams

1 1860
Q:

Which world heritage site comprises of the Alai Darwaza Gate?

A) Humayun's Tomb B) Mahabodhi Temple Complex
C) Qutub Minar D) Red Fort Complex
 
Answer & Explanation Answer: C) Qutub Minar

Explanation:
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Filed Under: Indian Geography
Exam Prep: Bank Exams

0 1860
Q:

The later (second) formed primary xylem elements are called _____________.

A) Protoxylem B) Metaxylem
C) Xylem parenchyma D) Xylem fibres
 
Answer & Explanation Answer: B) Metaxylem

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Filed Under: Biology
Exam Prep: Bank Exams

2 1860
Q:

A few organisms can tolerate and thrive in a narrow range of temperatures. Such organisms are called ___________.

A) Osmotic B) Eurythermal
C) Stenothermal D) Hydrothermal
 
Answer & Explanation Answer: C) Stenothermal

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Filed Under: Biology
Exam Prep: Bank Exams

1 1860
Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.

The space in front of the large

X-hut was empty, but
Y-placed several stools
Z-before it were

A) XYZ B) XZY
C) ZYX D) ZXY
 
Answer & Explanation Answer: B) XZY

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Filed Under: English
Exam Prep: Bank Exams

0 1860