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:

__________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.

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

Answer & Explanation Answer: A) Law of diminishing marginal product

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following was described as the First Indian War of Independence?

A) Partition of Bengal, 1905	B) Uprising of 1857
C) Civil Disobedience Movement, 1930-1931	D) Quit India Movement, 1942

Answer & Explanation Answer: B) Uprising of 1857

Explanation:

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Filed Under: Indian History
Exam Prep: Bank Exams

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Q:

The world's first solar heated military tent was designed and developed by

A) Sonam Wanchuk	B) Alain Aspect
C) Allen Bard	D) He Jiankui

Answer & Explanation Answer: A) Sonam Wanchuk

Explanation:

Sonam Wanchuk, an Indian engineer has developed the first of its kind in the world, a unique solar heated tent for the Indian Army.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Name the scientific Advisor to the Defence Minister and DRDO's DG (Missiles & Strategic Systems) who has won the first IEI-IEEE Award for Engineering Excellence - 2015 in recognition of his significant national contributions towards missiles and aerospace technologies.

A) Avinash Chander	B) A S Kiran Kumar
C) Dr. G. Satheesh Reddy	D) K K Radhakrishnan

Answer & Explanation Answer: C) Dr. G. Satheesh Reddy

Explanation:

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Exam Prep: Bank Exams

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Q:

In January 2018, SBI planned to raise some money via BASEL-III Bonds. What is the deadline to meet the BASEL-III requirements?

A) June 2018	B) December 2018
C) March 2019	D) June 2019

Answer & Explanation Answer: C) March 2019

Explanation:

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Q:

In August 2017, RBI announced to transfer approximately how much amount for the Financial Year 2016-17 as a dividend to the Government?

A) Rs 30,659 crore	B) Rs 50,650 crore
C) Rs 60,659 crore	D) Rs 70,659 crore

Answer & Explanation Answer: A) Rs 30,659 crore

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

What is not true with CT Scan?

A) Combines many X-ray images	B) Scanning is often painful
C) Generates 3-D cross-sectional views	D) Identifies normal and abnormal structures

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