CAT Questions

Q:

Which capital gains tax on property?

Answer

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%.

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Subject: Accounts Payable Exam Prep: AIEEE , Bank Exams , CAT
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Q:

How many Indian got a place in 100 most influential people in the world list 2017 by Time magazine ?

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

Explanation:

Prime Minister Narendra Modi and Paytm founder Vijay Shekhar Sharma.

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Filed Under: General Awareness
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Q:

India's tallest National flag from the average city elevation has recently installed in which city?

A) Guwahati B) Bangaluru
C) Mumbai D) Hyderabad
 
Answer & Explanation Answer: A) Guwahati

Explanation:
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Q:

A sum of Rs. 2600 is invested at two different rates of interest. The difference between the simple interests got after 4 years is Rs 402.80 at these two rates, what is the difference between the rates of interest?

A) 1.58 B) 2.63
C) 3.87 D) 4.02
 
Answer & Explanation Answer: C) 3.87

Explanation:

Let the two different rates of interests be r1 and r2 respectively.

From the given data,

2600 x 4 x r1 - r2100  = 402.80r1 - r2 = 402.80104  = 3.87

 

Hence, the difference in the interest rates = 3.87

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Filed Under: Simple Interest
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7 2521
Q:

Which file format can be added to a powerpoint show?

A) .Gif B) .Wav
C) .Jpg D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:
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Q:

Name a pair of complementary angles?

name_a_pair_of_complementary_angles1535013814.png image

A) B + C B) A + C
C) C + C D) B + A
 
Answer & Explanation Answer: D) B + A

Explanation:

Complementary angles are those whose sum is 90.

Given here, is a right angled triangle, where anfle C is 90 deg. In this, sum of Angles A + C = 90, since, sum of angles in a right angled triangle = 180, angle C = 90 and

hence sum of A + B = 180 - C = 180 - 90 = 90.

 

Hence, the pair of cimplementary angles in the given triangle = Angle A + B.

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Filed Under: Arithmetical Reasoning
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Q:

How many member countries are there in Shanghai Cooperation Organisation (SCO) ?

A) 5 B) 7
C) 6 D) 8
 
Answer & Explanation Answer: C) 6

Explanation:

There are six permanent members: China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan. Soon India and Pakistan will also join it.

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Q:

Translator program used in assembly language

A) Assembler B) Interpreter
C) Compiler D) Operating system
 
Answer & Explanation Answer: A) Assembler

Explanation:

Assemblers are used to translate a program written in a low-level assembly language into a machine code (object code) file so it can be used and executed by the computer.

 

Hence, Assembler is the translator program used in assembly language.

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