Questions

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:

The demand curve _____.

A) shows that as the price of a good increases, demand for the good will increase B) shows that as the price of a good increases, demand for the good will decrease
C) has a positive gradient D) indicates that there is a direct relationship between quantity demanded and price
 
Answer & Explanation Answer: B) shows that as the price of a good increases, demand for the good will decrease

Explanation:
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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:

Acacia arabica is the scientific name of

A) Neem B) Teak
C) Babhul D) Pomegranate
 
Answer & Explanation Answer: C) Babhul

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Which three processes are methods of genetic recombination?

A) independent assortment B) Crossing over
C) fertilization D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Genetic recombination is a complex process that involves alignment of two homologous DNA strands, precise breakage of each strand, equal exchange of DNA segments between the two strands, and sealing of the resultant recombined DNA molecules through the action of enzymes called ligases.

Crossing over, independent assortment and fertilization are methods of genetic recombination.

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Filed Under: Biology
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Q:

India-born Satya Nadella is the Chief Executive Officer (CEO) of which of the following companies?

A) Dell B) Amazon
C) Microsoft D) Google
 
Answer & Explanation Answer: C) Microsoft

Explanation:
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Filed Under: Famous Personalities
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Q:

Which of the following countries border does not touch China?

A) Cambodia B) Laos
C) Vietnam D) Myanmar
 
Answer & Explanation Answer: A) Cambodia

Explanation:
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Filed Under: World Geography
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Q:

On 19 September 2017, Law Ministry approved Fugitive Economic Offenders Bill, 2017. The proposed bill will be applicable in cases where the value of offences is over ______.

A) Rs 100 crores B) Rs 50 crores
C) Rs 25 crores D) Rs 200 crores
 
Answer & Explanation Answer: A) Rs 100 crores

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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