Questions

Q:

In December 2017, Mid-Term Review of the Foreign Trade Policy (FTP) was released. The review announced how much percent increase each in incentive rates of
Merchandise Exports from India Scheme and Services Export from India Scheme?

A) 5% B) 10%
C) 2% D) 15%
 
Answer & Explanation Answer: C) 2%

Explanation:
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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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Q:

Which country has released its next-generation 'Xian' H-20 stealth bomber?

A) China B) USA
C) India D) Japan
 
Answer & Explanation Answer: A) China

Explanation:
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Q:

‘Swavalamban Sashakt – Mega Campaign’ has been launched by Confederation of Women Entrepreneurs of India (COWE) and ………….?

A) SIDBI B) LIC
C) ECGC D) DRDO
 
Answer & Explanation Answer: A) SIDBI

Explanation:
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Q:

Which Indian tabla player won the Grammy Award for his collaborative music with 'The Silk Road Ensemble' group in 2017?

A) Yogesh Samsi B) Zakir Hussein
C) Rimpa Shiva D) Sandeep Das
 
Answer & Explanation Answer: D) Sandeep Das

Explanation:
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Q:

In each of the following questions, a question is followed by information given in three statements. You have to decide the information given in which of the statements
is necessary and sufficient to answer the questions:


A, B, C, D and E are sitting in a circle. Are all of them facing the centre?


I. A is sitting second to the right of D; C is facing the centre and is not an immediate neighbour of D.
II. B, who is sitting between C and D, is second to the right of E, who is not an immediate neighbour of C. B and A are facing each other.
III. D is sitting on the immediate left of B, who is not sitting on the immediate left of A. E is on the immediate right of D.

A) Only I and II B) Only I and III
C) Either I and II, or III D) Any two of the three
 
Answer & Explanation Answer: D) Any two of the three

Explanation:
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Q:

The question given below consists of a statement, followed by two arguments numbered I and II. You have to decide which of the arguments is a 'strong' argument and which is a 'weak' argument.
Statement:

Should women be allowed into combat arms if they meet all standards?
Arguments:
I. Yes, women have already proven competence in combat – they have already been exposed to combat in Iraq and Afghanistan, so it makes no sense to officially continue excluding them.
II. No, the average female is physically weaker than the average male.

A) Only argument I is strong B) Only argument II is strong
C) Either I or II is strong D) Neither I nor II is strong and
 
Answer & Explanation Answer: A) Only argument I is strong

Explanation:

Argument I is strong as it gives a proper reason as to why women should be included in combat arms – because they have already worked in this area in Iraq and other places and so it makes sense to include them officially. Argument II is weak because it talks about a general scenario in comparing an average female with an average male.
However, what if a woman with exceptional athletic ability and toughness can meet and even exceed the standards currently set for male troops, on what basis should she be denied entry into combat arms? Therefore, option 1 is the correct answer.

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

Explanation:
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