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 1840

Q:

What is the current reverse repo rate of RBI?

A) 5.75%	B) 6.25%
C) 6%	D) 5.40%

Answer & Explanation Answer: D) 5.40%

Explanation:

5.40% is the current reverse repo rate of RBI as of 2019. As of 2018 it is 6.5%.

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Filed Under: General Awareness
Exam Prep: Bank Exams , CAT

0 1840

Q:

Which among the following cities in India is not located in Golden Quadrilateral Road Network?

A) Kolkata	B) Mumbai
C) New Delhi	D) Chandigarh

Answer & Explanation Answer: D) Chandigarh

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

0 1840

Q:

When a Proclamation of Emergency is in operation,the right to move a Court for the enforcement of all Fundamental Rights remains suspended, except

A) Article 20 and Article 21	B) Article 21 and Article 22
C) Article 19 and Article 20	D) Article 15 and Article 16

Answer & Explanation Answer: A) Article 20 and Article 21

Explanation:

The right to protection in respect of conviction for offences (Article 20) and the right to life and personal liberty (Article 21) remain enforceable even during emergency.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

0 1840

Q:

The following equation is incorrect which two signs should be interchanged to correct the equation

12 - 12 ÷ 25 x 10 + 10 = 25

A) - and +	B) ÷ and x
C) x and -	D) + and ÷

Answer & Explanation Answer: D) + and ÷

Explanation:

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Filed Under: Verbal Reasoning - Logical Deduction

0 1840

Q:

Highest Civilian Honour received by Anupam Kher is ___________.

A) Padma Shri	B) Padma Bhushan
C) Padma Vibhushan	D) Bharat Ratna

Answer & Explanation Answer: B) Padma Bhushan

Explanation:

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

0 1840

Q:

If θ be positive acute angle and 5cosθ + 12sinθ = 13, then the value of cosθ is

A) 12/13	B) 5/13
C) 5/12	D) 1/5

Answer & Explanation Answer: B) 5/13

Explanation:

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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams

0 1840

Q:

Sphygmomanometer measures the blood pressure in the

A) Veins	B) Arteries
C) Eyes	D) Synovial

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