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:

Stagflation exists when _____

A) price indices and output both decrease. B) price indices increase but output decreases.
C) price indices and output both increase. D) price indices decrease but output increases.
 
Answer & Explanation Answer: B) price indices increase but output decreases.

Explanation:
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Q:

Lungs are the primary organs of _________.

A) Digestion B) Constipation
C) Perspiration D) Respiration
 
Answer & Explanation Answer: D) Respiration

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Allergy Screening Blood Test for human beings does not include ___.

A) RAST B) ELISA
C) IgE D) Hemoglobin A1C
 
Answer & Explanation Answer: D) Hemoglobin A1C

Explanation:
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Filed Under: Biology
Exam Prep: AIEEE , 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:

In terms of economics, if it is possible to make someone better­off without making someone worse­off, then the situation is

A) Inefficient B) Efficient
C) Optimal D) Pareto­superior
 
Answer & Explanation Answer: D) Pareto­superior

Explanation:
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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

Explanation:
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Q:

On 10 April 2017, Lok Sabha passed Constitution (123rd Amendment) Bill, 2017. The Bill seeks to insert a new article 342-A which empowers whom to notify the list of socials educationally backward classes of that state/union territory? 

 

A) Prime Minister   B) President
C) Vice President D) Finance Minister
 
Answer & Explanation Answer: B) President

Explanation:
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Filed Under: Indian Politics
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