CAT Questions

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The potable water is the water, which is tested and safe for drinking purpose and cooking preparations. The water is tested and purified in industries. So, the potable water is costly.

Hence, Access to potable water is most heavily limited by money.

Chemically marble is known as Calcareous rock as it is composed of carbonate minerals like calcite or dolomite.

Protecting data by copying it from the original source to a different destination is called as Backup. When an original data is lossed, to restore the information by copying the data from the source to other destination is called as Backup or Data backup.

Bengaluru becomes the first Indian city to get its very own logo

• Much like New York and Singapore, Bengaluru is set to get its own logo, becoming the first Indian city to do so.

The International Day of Happiness (known as Happiness Day) is celebrated throughout the world on the 20th of March. The International Day of Happiness was founded on June 28, 2012, by the United Nations General Assembly when all 193 member states unanimously adopted UN resolution 66/281.

It was celebrated for the first time in 2013.

Sound intensity or level is measured by a unit called a decibel. An 85 decibel noise level is not a safe standard for the public.

Hence, Acceptable noise level for human ear is less than 85 db.

The United States Federal Earned Income Tax Credit (EITC) is a refundable tax credit, that helps low and medium - income individuals and couples, primarily for those who have qualifying children. 

Capital Gains Tax on Property:

1. Short term,

2. Long term

Short Term Capital Gain on property is considered as a gain from selling a property which was held by you for less than 36 months. As a taxpayer, you are liable to pay tax on short term capital gain on property as per your applicable marginal income tax slab.

* Current Short Term Capital Gains tax rate is 30%.

Long Term Capital Gain

When you sell your property that is owned by you for more than three years, any gain arising from such sale will be considered as long term capital gain. Long term capital gain is calculated as the difference between net sales consideration and indexed cost of property.

* Current Long Term Capital Gains tax rate is 20%.