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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:

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.

A) price exceeds its marginal costs B) price exceeds its average total costs
C) average variable costs exceed its average total costs D) fixed costs are zero
 
Answer & Explanation Answer: A) price exceeds its marginal costs

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

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Q:

Stagflation exists when _____

A) price indices and output both decrease. B) price indices increase but output decreases.
C) price indices and output both increase. D) price indices decrease but output increases.
 
Answer & Explanation Answer: B) price indices increase but output decreases.

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

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Q:

Acid rain is caused by release of ___ and___ into the air.

A) Carbon dioxide and Carbon monoxide B) Sulphur dioxide and nitrogen oxides
C) Oxygen and Water vapour D) Nitrous oxide and Ozone
 
Answer & Explanation Answer: B) Sulphur dioxide and nitrogen oxides

Explanation:
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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams

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Q:

Which north-eastern state of India has signed up to host the 39th National Games in the year 2022?

A) Meghalaya B) Mizoram
C) Manipur D) Tripura
 
Answer & Explanation Answer: A) Meghalaya

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

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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the button corresponding to it. If the sentence is free from error, click the "No error" option.

The job for drawing water (A) / from the village well is usually (B) / carried out by the women and young girls. (C) / No Error (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: A) A

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Which of the following can do more work?

A) A rotating wheel B) A moving bullet
C) A speeding stone D) A raised hammer
 
Answer & Explanation Answer: B) A moving bullet

Explanation:
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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

Who appears on behalf of the Government of India in all cases in the Supreme Court in which Government of India is concerned?

A) Comptroller and Auditor General of India B) Advocate General of State
C) Attorney General of India D) Chief Election Commissioner of India  
 
Answer & Explanation Answer: C) Attorney General of India

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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