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
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Q:

If an unintended increase in business inventories occurs

A) aggregate expenditures must exceed the domestic output B) we can expect businesses to lower the level of production
C) we can expect aggregate production to be unaffected D) we can expect businesses to increase the level of production
 
Answer & Explanation Answer: B) we can expect businesses to lower the level of production

Explanation:
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Filed Under: Indian Economy
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Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic B) indifferent
C) market demand D) diminishing
 
Answer & Explanation Answer: C) market demand

Explanation:
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Q:

Osteoporosis is the disease related to

A) Spinal cord B) Heart
C) Kidneys D) Lungs
 
Answer & Explanation Answer: A) Spinal cord

Explanation:
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Filed Under: Biology
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Q:

____ is not an endocrine gland in humans.

A) The pituitary gland B) The pineal gland
C) The adrenal gland D) The liver
 
Answer & Explanation Answer: D) The liver

Explanation:
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Filed Under: Biology
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Q:

Which one of the following elements has the lowest atomic mass?

A) Lithium B) Nitrogen
C) Hydrogen D) Helium
 
Answer & Explanation Answer: C) Hydrogen

Explanation:
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Filed Under: Chemistry
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Q:

Which is the brightest star in our night sky?

A) Canopus B) Sirius A
C) Vega D) Spica
 
Answer & Explanation Answer: B) Sirius A

Explanation:
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Filed Under: General Science
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Q:

In which of the following Five Year Plan was the growth rate target exceeded?

A) Eighth Five Year Plan   B) Ninth Five Year Plan  
C) Tenth Five Year Plan   D) Eleventh Five Year Plan  
 
Answer & Explanation Answer: B) Ninth Five Year Plan  

Explanation:
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Filed Under: Indian Politics
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