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:

India has changed over to the decimal system of coinage in___________.

A) April, 1958 B) April, 1959
C) April, 1995 D) April, 1957
 
Answer & Explanation Answer: D) April, 1957

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In each of the following question below are given some statements followed by some conclusions. Taking the given statements to be true even if they seem to be at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements.

Statements:

I. Some pens are pencils.
II. All pencils are erasers.

Conclusions:

I. Some pens are erasers.
II. No pens are erasers.
III. Some erasers are pencils

A) Only conclusion (II) follows. B) Only conclusion (I) and (II) follow
C) Only conclusion (I) and (III) follow D) No conclusion follows
 
Answer & Explanation Answer: C) Only conclusion (I) and (III) follow

Explanation:
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Q:

In the following figure, rectangle represents brand managers, circle represents cartoonist, triangle represents sculptors and square represents fathers. Which set of letters represents fathers who are either brand managers or cartoonists?

A) GDF B) FDB
C) BCG D) FDH
 
Answer & Explanation Answer: B) FDB

Explanation:
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Q:

Which Part of Indian Constitution contains Article 368 that gives power to the Parliament to do constitutional amendments?

 

A) Part XX   B) Part VII
C) Part XXII   D) Part IX
 
Answer & Explanation Answer: A) Part XX  

Explanation:
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Filed Under: Indian Politics
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Q:

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

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

Explanation:
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Filed Under: Famous Personalities
Exam Prep: Bank Exams

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Q:

The Center for Medicare & Medicaid Services (CMS), a federal agency in USA has an Indian as its current administrator under the Trump regime. Who is she?

 

A) Pramila Jayapal B) Rachel Paulose
C) Aruna Miller D) Seema Verma
 
Answer & Explanation Answer: D) Seema Verma

Explanation:
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Q:

Yerwada Jail is in

A) Mumbai B) Pune
C) Goa D) Nagpur
 
Answer & Explanation Answer: B) Pune

Explanation:
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Filed Under: Indian Geography
Exam Prep: Bank Exams

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