Questions

Q:

Which of the following sets of taxes belongs to Central Government?

A) Excise duty, Sales tax and Custom duty B) Income tax, Custom duty and House tax
C) Excise duty, Custom duty and Income tax D) Custom duty, Entertainment tax and Income tax
 
Answer & Explanation Answer: C) Excise duty, Custom duty and Income tax

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Filed Under: Indian Economy
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Q:

__________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: A) Law of diminishing marginal product

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Q:

___________________________ is an Indian Government Savings Bond, primarily used for small savings and income tax saving investments in India.

A) Provident Fund B) Life Insurance Policies
C) National Saving Certificate D) Long term government bonds
 
Answer & Explanation Answer: C) National Saving Certificate

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Q:

Battle of Plassey was fought by the British under the leadership of

A) Robert Clive B) Lord Dalhousie
C) Warren Hastings D) James Heartly
 
Answer & Explanation Answer: A) Robert Clive

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Q:

Which Union Ministry is to set up a National Faceless Penalty Centre?

A) Ministry of MSME B) Ministry of Finance
C) Ministry of Defence D) Ministry of Commerce and Industry
 
Answer & Explanation Answer: B) Ministry of Finance

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Q:

India has changed over to the decimal system of coinage in___________.

A) April, 1958 B) April, 1959
C) April, 1995 D) April, 1957
 
Answer & Explanation Answer: D) April, 1957

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Q:

Earnings per share are calculated by dividing

A) (net income less preferred stock dividends) by average common shares outstanding. B) gross profit by average common shares outstanding.
C) net sales by average common shares outstanding. D) net income by average common shares outstanding.
 
Answer & Explanation Answer: A) (net income less preferred stock dividends) by average common shares outstanding.

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Q:

Which of the following is NOT a characteristic of dicotyledons plants?

A) These plants have a tap root B) These plants have reticulate venation
C) These plants have fibrous roots D) These plants have 2 cotyledons
 
Answer & Explanation Answer: C) These plants have fibrous roots

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Filed Under: Biology
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