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Q:

Which  one  of  the  following  statements  is correct in relation to the GST Bill passed by the Rajya Sabha in August 2016?

A) It  will  replace  all  central  taxes,  duties, etc, only by a single tax. B) It will subsume central as well as State taxes, duties, etc.
C) GST  will  be  levied  on  alcoholic liquor for  human  consumption  at  a  uniform rate of 25 percent. D) Petroleum   and   petroleum   products shall  not  be  subject  to  the  levy  of GST.
 
Answer & Explanation Answer: B) It will subsume central as well as State taxes, duties, etc.

Explanation:

Goods and Services Tax (GST)  will replace  all  central  as well as  state taxes  by  a  single  tax.  GST  will subsume  various  Central  indirect taxes,  including  the  Central  excise duty,Countervailing  duty,  Service tax,  etc.  It  also  subsumes  State Value Added Tax(VAT), Octroi and entry    tax,    Luxury    tax,    etc. Petroleum  products  like  kerosene, naphtha  and  LPG  will  be  under GST,  while  five  items,  including crude oil, natural gas, aviation fuel, diesel    and    petrol    have    been excluded.    Alcohol    for    human consumption will be out of GS

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

During _____________ motion of an object along a straight line, the velocity remains constant with time.

A) linear B) translational
C) uniform D) equilibrium
 
Answer & Explanation Answer: C) uniform

Explanation:
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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

A solar cell is made up of:

A) Carbon B) Gallium
C) Silicon D) Teflon
 
Answer & Explanation Answer: C) Silicon

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Filed Under: General Science
Exam Prep: AIEEE , Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

The footpath (had been hijacked) by gigantic blue-and-green barricades.

 

A) have been hijacked B) have being hijacked  
C) had been hijacking D) no improvement
 
Answer & Explanation Answer: D) no improvement

Explanation:
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Filed Under: English
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Q:

Where in India was the first French factory established?

A) Surat B) Pondicherry
C) Chandannagore D) Masulipatnam
 
Answer & Explanation Answer: A) Surat

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

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Q:

Kaziranga National Park is the only natural habitat of the endangered.

A) Snow Leopards B) One-­Horned Rhinos
C) Asiatic Lions D) Swamp Deer
 
Answer & Explanation Answer: B) One-­Horned Rhinos

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Filed Under: Indian Geography
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Q:

In arc welding, Argon is used because of its

A) Low reactivity with metal B) Ability to lower the melting point of the metal
C) High flammability D) High calorific value
 
Answer & Explanation Answer: A) Low reactivity with metal

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Filed Under: Chemistry

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Q:

Who is the most prominent god of 'Rig Veda'?

A) Indra B) Agni
C) Pashupati D) Vishnu
 
Answer & Explanation Answer: A) Indra

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

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