Q:

Which of the following sets of taxes belongs to Central Government?

A) Excise duty, Sales tax and Custom duty	B) Income tax, Custom duty and House tax
C) Excise duty, Custom duty and Income tax	D) Custom duty, Entertainment tax and Income tax

Answer & Explanation Answer: C) Excise duty, Custom duty and Income tax

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

‘Capital gains’ refers to goods which

A) serve as a source of raising further capital	B) help in the further production of goods
C) directly go into the satisfaction of human wants	D) find multiple uses

Answer & Explanation Answer: B) help in the further production of goods

Explanation:

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Filed Under: Indian Economy
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Q:

Inflation exists when

A) there is general increase in the prices over time.	B) there are periodic decreases in the price level.
C) there are continuous increases in the output level over time.	D) there is rise in the purchasing value of money.

Answer & Explanation Answer: A) there is general increase in the prices over time.

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

A price floor is _____.

A) a maximum legal price	B) a minimum legal price
C) the price where demand equals supply	D) the price where elasticity of demand equals elasticity of supply

Answer & Explanation Answer: B) a minimum legal price

Explanation:

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Q:

Which of the following best defines disposable income?

A) income received by households less personal taxes	B) the before-tax income received by households
C) all income earned by resource suppliers for their current contributions to production	D) the market value of the annual output net of consumption of fixed capital

Answer & Explanation Answer: A) income received by households less personal taxes

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Filed Under: Indian Economy
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Q:

India signed an agreement in 2016 to develop a strategic port in one of its neighbouring countries. What is the name of the port?

A) Chabahar	B) Gwadar
C) Hambantota	D) Mongla

Answer & Explanation Answer: A) Chabahar

Explanation:

India signed a historic deal to develop the strategic port of Chabahar in Iran and agreed on a three-nation pact to build a transport-and-trade corridor through Afghanistan that could help halve the time and cost of doing business with Central Asia and Europe. Developing the Chabahar port was seen as crucial for India because it will not only allow New Delhi to bypass Pakistan and access global markets but also counter China’s expanding influence in the Indian Ocean region. But the project’s land route through Afghanistan remains a security headache

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Filed Under: Indian Geography
Exam Prep: 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".

Elections, rights, governance and leadership (is becoming) empty words.

A) are become	B) are becoming
C) is become	D) no improvement

Answer & Explanation Answer: B) are becoming

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Filed Under: English
Exam Prep: Bank Exams

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Q:

If the sum of three consecutive numbers is 15, what is the square of the middle number ?

A) 16	B) 25
C) 36	D) 9

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