Bank PO Questions

TRUE, the compounds are formed as a result of chemical change.

An atom is composed of three subatomic particles. They are ::

1) Electron (-vely charged particle)

2) Proton (+vely charged particle)

3) Neutron (No charge particle)

Hence, Neutron is the subatomic particle which has no charge.

Electronegativity, is a chemical property that describes the tendency of an atom to attract a shared pair of electrons (or electron density) towards itself.

Skimming is the removal of any material or particles that are floating on the surface. Hence, Removal of oil and grease from sewage - waste water is called as skimming.

Capital Gains Tax on Property:

1. Short term,

2. Long term

Short Term Capital Gain on property is considered as a gain from selling a property which was held by you for less than 36 months. As a taxpayer, you are liable to pay tax on short term capital gain on property as per your applicable marginal income tax slab.

* Current Short Term Capital Gains tax rate is 30%.

Long Term Capital Gain

When you sell your property that is owned by you for more than three years, any gain arising from such sale will be considered as long term capital gain. Long term capital gain is calculated as the difference between net sales consideration and indexed cost of property.

* Current Long Term Capital Gains tax rate is 20%.