Questions

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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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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

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Q:

The Renaissance is a period in Europe, from the ________________________.

A) 18th to the 20th century B) 14th to the 17th century
C) 11th to the 13th century D) 7th to the 10th century
 
Answer & Explanation Answer: B) 14th to the 17th century

Explanation:
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Filed Under: World History
Exam Prep: Bank Exams

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

We do not create enough space in our lives for the inspiration to ______ in.

 

A) flow B) fly
C) swim D) walk
 
Answer & Explanation Answer: A) flow

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: Superstitions exist throughout the world despite scientific advances.
Q: One cannot heed anybody’s sneezes if one has to be punctual on duty or ‘cannot miss a flight.
R: But the spread of science and education among the masses has certainly given rise to a significant number of persons who do not believe in these superstitions.
S: The compulsions of modern life have also caused some of the superstitions to fade out.

 

A) RPSQ B) SQRP
C) SRQP D) PRSQ
 
Answer & Explanation Answer: D) PRSQ

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.



Come in handy

 

A) Be that type of a person who loves to work with his hands B) Turn out to be useful.  
C) Always be ready to help strangers in need.   D)  Be always prepared for any kind of hardship.
 
Answer & Explanation Answer: B) Turn out to be useful.  

Explanation:
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Filed Under: English
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Q:

First established Indian Institute of Technology (IIT)?

A) IIT Bombay B) IIT Madras
C) IIT Delhi D) IIT Kharagpur
 
Answer & Explanation Answer: D) IIT Kharagpur

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

The Tableau of which state was adjudged best at the Republic Day parade?

A) Gujarat B) Uttar Pradesh
C) Tripura D) Assam
 
Answer & Explanation Answer: B) Uttar Pradesh

Explanation:
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Filed Under: General Awareness
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