Bank Exams 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
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Q:

The pie chart drawn below shows below the spendings of a country on various sports during a particular year. Study the pie chart and answer the questions.

Total central angle showing the money spent on hockey,football and other during the year was

A) 104° B) 244°
C) 96° D) 144°
 
Answer & Explanation Answer: D) 144°

Explanation:
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Filed Under: Pie Charts
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Q:

If quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?

A) 4 B) 1.25
C) 0.25 D) 0.8
 
Answer & Explanation Answer: D) 0.8

Explanation:
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Filed Under: Indian Economy
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Q:

Which of the following countries border does not touch China?

A) Cambodia B) Laos
C) Vietnam D) Myanmar
 
Answer & Explanation Answer: A) Cambodia

Explanation:
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Filed Under: World Geography
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Q:

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

A) 8 percent B) 12.5 percent
C) 10 percent D) 15 percent
 
Answer & Explanation Answer: B) 12.5 percent

Explanation:
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Filed Under: Indian Economy
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Q:

select the odd word/letters/number/number pair from the given alternatives.

A) AG B) CE
C) BF D) GF
 
Answer & Explanation Answer: D) GF

Explanation:
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Filed Under: Odd Man Out
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Q:

A series is given with one term missing. Choose the correct alternative from the given ones that will complete the series.

 

BC, OP, DE, QR, ?

 

A) ST B) FG
C) HI D) UV
 
Answer & Explanation Answer: B) FG

Explanation:
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Filed Under: Alphabet Test
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Q:

In the question, a word is represented by only one set of numbers as given in any one of the alternatives. The sets of numbers given in the alternatives are represented by two classes of alphabets as in two matrices given below. The columns and rows of Matrix I are numbered from 0 to 4 and that of Matrix II are numbered from 5 to 9. A letter from these matrices can be represented first by its tow and next by its column. e.g. 'B' can be represented by 12, 41 etc and 'P' can be represented by 75, 96 etc. Similarly, you have to identify the set for the word "TEAR".

A) 57,33,42,86 B) 33,58,14,76
C) 11,58,34,78 D) 34,97,13,86
 
Answer & Explanation Answer: A) 57,33,42,86

Explanation:
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Filed Under: Figure Matrix
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