Q:

Which of the following taxes is levied by the State Government only?

A) Wealth tax	B) Entertainment tax
C) Income tax	D) Gift tax

Answer & Explanation Answer: B) Entertainment tax

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The major objective of monetary policy is to

A) increase government's tax revenue	B) revamp the Public Distribution System
C) Promote economic growth with price stability	D) weed out corruption in the economy

Answer & Explanation Answer: C) Promote economic growth with price stability

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Filed Under: Indian Economy
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Q:

An increase in the growth rate of the nominal money supply results in

A) Lower rate of inflation	B) Higher rate of inflation
C) Lower interest rates	D) Currency appreciation

Answer & Explanation Answer: B) Higher rate of inflation

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor	B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go	D) decreases unemployment

Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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Q:

To commemorate the 75th anniversary of Quit India Movement, which program was organized by the Central Government in August 2017?

A) Sankalp se Shakti	B) Sankalp se Siddhi
C) Saavdhani se Suraksha	D) Sangharsh se Saksham

Answer & Explanation Answer: B) Sankalp se Siddhi

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Filed Under: Indian History
Exam Prep: Bank Exams

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Q:

Which of the following statements is correct about the President of India ?

A) Addresses first session of Parliament after each General Election.	B) Addresses first session of Parliament at the beginning of each year
C) Addresses every session of Parliament	D) Never addresses Parliament

Answer & Explanation Answer: A) Addresses first session of Parliament after each General Election.

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Filed Under: Indian Politics
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Q:

Indian Government is hopeful of bringing at least one crore subscribers by March 2018 under the Atal Pension Yojana (APY). What is the age limit for APY?

A) 21 to 60 years	B) 18 to 40 years
C) 18 to 45 years	D) 21 to 70 years

Answer & Explanation Answer: B) 18 to 40 years

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

In which of the following, Nylon is used?

A) Sleeping bags	B) Parachute
C) Toothbrush	D) All options are correct

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