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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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Short run marginal cost curve cuts the average variable cost curve from _______ at the minimum point of average variable cost.

A) top	B) below
C) right	D) left

Answer & Explanation Answer: B) below

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the words/sentence.

Be deprived of property or a right or privilege as a penalty for wrongdoing

A) Forfeited	B) Endow
C) Render	D) Assign

Answer & Explanation Answer: A) Forfeited

Explanation:

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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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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.

They selected the red car.

A) The red car is select.	B) The red car is chosen by them.
C) The red car by them is selected.	D) The red car was selected by them.

Answer & Explanation Answer: D) The red car was selected by them.

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

What happen (1)/ at your (2)/ college today? (3)/ No error (4)

A) 1	B) 2
C) 3	D) 4

Answer & Explanation Answer: A) 1

Explanation:

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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

Who among the following has scored 2 triple hundreds in test matches?

A) Ricky Ponting	B) Jacques Kallis
C) Sachin Tendulkar	D) Brian Lara

Answer & Explanation Answer: D) Brian Lara

Explanation:

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

Jahangir (1605–1627 AD) was the ruler of which dynasty?

A) Nanda	B) Haryanka
C) Maurya	D) Mughal

Answer & Explanation Answer: D) Mughal

Explanation:

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Filed Under: Indian History
Exam Prep: Bank Exams

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Q:

What is the name of the autobiography of Sachin Tendulkar?

A) Numbers Do Lie	B) Playing it my way
C) Once upon a Time	D) What is Remembered

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