Questions

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

Report Error

View Answer Report Error Discuss

Filed Under: Indian Politics
Exam Prep: Bank Exams

1 1028
Q:

Which of the following telecommunication will acquire the business of Telenor India for an undisclosed sum in all seven circles?

A) BSNL B) Tata Docomo
C) Bharti Airtel D) MTS India
 
Answer & Explanation Answer: C) Bharti Airtel

Explanation:

Bharti Airtel will acquire the business of Telenor India for an undisclosed sum in all seven circles Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.
Note: Telenor India (formerly known as Uninor) was an Indian mobile network operator based in Gurgaon, Haryana, India. The company is a wholly owned subsidiary of Telenor Group, a telecommunication company headquartered in Oslo, Norway.

Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 1028
Q:

Indusind Bank recently signed loan agreement of $ 200 million with ______ to provide finance to low-income women borrowers in rural India.

 

A) Asian Development Bank B) World Bank
C) Asian Infrastructure Investment Bank D) None of these
 
Answer & Explanation Answer: A) Asian Development Bank

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 1028
Q:

In November 2017, Indian Government launched ‘UMANG’ mobile app. What does ‘G’ stand for in ‘UMANG’?

A) Government B) Governance
C) Group D) Growth
 
Answer & Explanation Answer: B) Governance

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 1028
Q:

The basic concept of Montessori education is

A) Discovery by travelling B) Dreaming
C) Communicating D) Self-discovery through experiment
 
Answer & Explanation Answer: D) Self-discovery through experiment

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: General Awareness
Exam Prep: Bank Exams

0 1028
Q:

In the following question, four groups of three numbers are given. In each group the second and third number are related to the first number by a Logic/Rule/Relation. Three are similar on basis of same Logic/Rule/Relation. Select the odd one out from the given alternatives.

A) (5, 19, 9) B) (7, 29, 13)
C) (15, 59, 29) D) (12, 47, 23)
 
Answer & Explanation Answer: B) (7, 29, 13)

Explanation:
Report Error

View Answer Report Error Discuss

0 1028
Q:

Where was Pablo Picasso from?

A) Spain B) Italy
C) France D) Great Briton
 
Answer & Explanation Answer: A) Spain

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Famous Personalities
Exam Prep: Bank Exams

0 1028
Q:

Which battle led to the downfall of the Vijayanagar empire?

A) Battle of Takkolam B) Battle of Talikota
C) Battle of Kanwah D) Battle of Panipat
 
Answer & Explanation Answer: B) Battle of Talikota

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Indian History
Exam Prep: Bank Exams

2 1028