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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Q:

Which of the following best defines free trade?

A) Imports are discouraged B) There are no restrictions on exports and imports  
C) There are no duties levied on export   D) Imported goods are made duty free  
 
Answer & Explanation Answer: B) There are no restrictions on exports and imports  

Explanation:
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Q:

An exculpatory clause is generally unenforceable when

A) it involves public transportation. B) it attempts to release a party from liability for ordinarily negligent behavior.
C) it is written clearly and in bold, large print. D) the affected activity is a recreational activity.
 
Answer & Explanation Answer: A) it involves public transportation.

Explanation:
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Q:

A sentence has been given in Active/Passive Voice. Out of the four given alternatives, select the one which best expresses the same sentence in Passive/Active Voice.

 

The Chinese company manufactured those robots.

 

A) Those robots were manufactured by the Chinese company.   B) Those robots was manufacture by the Chinese company.
C) These robots were manufactured by the Chinese company. D) The robots was manufactured by the Chinese company.,
 
Answer & Explanation Answer: A) Those robots were manufactured by the Chinese company.  

Explanation:
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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

The general consensus is that the millennial _____________ with taking pictures of everything stems from the tendency to over- share on social media, but it may also be a manifestation _______________ our relationship with an increasingly unstable present. When everything around you _______________ before you can register it, it is tempting to reach into your pocket for your smartphone, click away, and think about it later, even ___________ the subject is as simple as a slice of toast. The selfie may be narcissistic, but it is ___________ a self-portrait that anchors you to a time and place, be it your first holiday abroad or the nightclub you visit every weekend.

 

but it is ___________ a self-portrait that anchors

 

A) all   B) then  
C) such   D) also
 
Answer & Explanation Answer: D) also

Explanation:
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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

The guide said to the tourists, "This will be the best day of your life."

 

A) The guide told the tourists that this would be the best day of their lives. B) The guide told the tourists that that would be the best day of their lives.
C) The guide told the tourists this that would be the best day of their lives. D) The guide told the tourists that this will be the best day of their lives.
 
Answer & Explanation Answer: B) The guide told the tourists that that would be the best day of their lives.

Explanation:
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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

My brother said to me, "I was upset, but now I am fine."

 

A) My brother told me that he was upset, but now he was fine. B) My brother told me that he had been upset, but then he will be fine.
C) My brother told me that he had been upset, but then he was fine. D) My brother told me that he has been upset, but then he is fine.
 
Answer & Explanation Answer: C) My brother told me that he had been upset, but then he was fine.

Explanation:
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Q:

Government borrowing to finance budget deficits _____.

A) will exert downward pressure on interest rates B) will have no effect on interest rates
C) will increase supply of loanable funds D) will put upward pressure on interest rates
 
Answer & Explanation Answer: D) will put upward pressure on interest rates

Explanation:
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