Questions

Q:

What is the present Personal Income Tax exemption limit for male individuals below 60 years of age & HUF (FY 2015-16)?

A) Rs. 2.5 lakhs B) Rs. 3 lakhs
C) Rs. 1.5 lakhs D) Rs. 4 lakhs
 
Answer & Explanation Answer: A) Rs. 2.5 lakhs

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

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Q:

There are usually three Parliamentary sessions in India, viz, the Budget session, the Monsoon session and _______.

 

A) the Autumn session   B) the Summer session  
C) the Winter session   D) None of these  
 
Answer & Explanation Answer: C) the Winter session  

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Exam Prep: Bank Exams

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Q:

The work done in one complete revolution of the moon around the earth is equal to

A) centripetal force x radius of the orbit of the moon B) gravitational force x circumference of the orbit of the moon
C) gravitational force x diameter of the orbit of the moon D) zero
 
Answer & Explanation Answer: D) zero

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

Consider a hypothetical planet whose mass and radius are both half that of Earth. If g is the acceleration due to gravity on the surface of Earth, the acceleration due to gravity on the planet will be

A) g/4 B) g
C) 2g D) g/2
 
Answer & Explanation Answer: C) 2g

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams

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Q:

Which one of the following events is not correctly matched with the year in which it happened?

A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985 B) Conclusion of the Uruguay Round of GATT—1994
C) Inauguration of the World Trade Organization—1995 D) Establishment of the first wholly electronic stock exchange (Nasdaq)—1971
 
Answer & Explanation Answer: A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985

Explanation:

•SWIFT was founded in the 1970s, based on the ambitious and innovative vision of creating a global financial messaging service, and a common language for international financial messaging.

•The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as "contracting parties".

•The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement.

•Founded by the National Association of Securities Dealers, the NASDAQ began trading on February 8, 1971, as the world's first electronic stock market.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

The  rank  of  Captain  of  the  Indian  Navy  is equivalent to which one of the following?

A) Captain of the Indian Army B) Group Captain in the Indian Air Force
C) Lieutenant Colonel of the Indian Army D) Wing  Commander  of  the  Indian  Air Force
 
Answer & Explanation Answer: B) Group Captain in the Indian Air Force

Explanation:

Rank  of  captain  of  Indian  Navy  is equivalent   to   Group   captain   of Indian Air Force.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Bollywood actress Pryanka Chopra won the Favourite Actress award at the People's Choice awards 2016, for her leading role in the American TV thriller series ___.

A) Secrets and Lies B) The Middle
C) Quantico D) Mistress
 
Answer & Explanation Answer: C) Quantico

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Filed Under: Honours and Awards
Exam Prep: Bank Exams

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Q:

Rate of the growth of an economy is measured in terms of

A) National income B) Monthly family income
C) Number of people who have been lifted above the poverty line D) Industrial Development
 
Answer & Explanation Answer: A) National income

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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