Questions

Q:

Which  one  of  the  following  statements  is correct in relation to the GST Bill passed by the Rajya Sabha in August 2016?

A) It  will  replace  all  central  taxes,  duties, etc, only by a single tax. B) It will subsume central as well as State taxes, duties, etc.
C) GST  will  be  levied  on  alcoholic liquor for  human  consumption  at  a  uniform rate of 25 percent. D) Petroleum   and   petroleum   products shall  not  be  subject  to  the  levy  of GST.
 
Answer & Explanation Answer: B) It will subsume central as well as State taxes, duties, etc.

Explanation:

Goods and Services Tax (GST)  will replace  all  central  as well as  state taxes  by  a  single  tax.  GST  will subsume  various  Central  indirect taxes,  including  the  Central  excise duty,Countervailing  duty,  Service tax,  etc.  It  also  subsumes  State Value Added Tax(VAT), Octroi and entry    tax,    Luxury    tax,    etc. Petroleum  products  like  kerosene, naphtha  and  LPG  will  be  under GST,  while  five  items,  including crude oil, natural gas, aviation fuel, diesel    and    petrol    have    been excluded.    Alcohol    for    human consumption will be out of GS

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which of the following organ of the government refers to a smaller group of people who are responsible for implementing laws and running the government?

 

I. The Judiciary

II. The Executives

III. The Legislature

 

A) Only I B) Only II
C) Only III D) No option is correct
 
Answer & Explanation Answer: B) Only II

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Who has been appointed as the Secretary General of the United Nations in January, 2017?

A) Ban Ki-Moon B) Kofi Annan
C) Boutros-Boutros Ghali D) Antonio Guterres
 
Answer & Explanation Answer: D) Antonio Guterres

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Name the Indian entrepreneur, co-founder and owner of India's low cost airline SpiceJet.

A) Captain G.R. Gopinath B) Vijay Mallya
C) Ratan Tata D) Ajay Singh
 
Answer & Explanation Answer: D) Ajay Singh

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Public Sector Enterprises (PSEs) is comes under which ministry? 

A) Ministry of Heavy Industries and Public Enterprises  B) Ministry of Environment, Forest and Climate Change 
C) Ministry of Personnel, Public Grievances and Pensions  D) Ministry of Corporate Affairs 
 
Answer & Explanation Answer: A) Ministry of Heavy Industries and Public Enterprises 

Explanation:

The Ministry of Heavy Industries and Public Enterprises is a branch of the Government of India that administers 48 central public sector enterprises (PSEs) and assists them in their effort to improve capacity utilization and increase profitability, generate resources and re-orient strategies to become more competitive. 

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Which among the following is the major cause of acid rain?

A) Carbon dioxide B) Carbon monoxide
C) Nitrogen dioxide D) Oxygen
 
Answer & Explanation Answer: C) Nitrogen dioxide

Explanation:
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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Concentration of water vapour in troposphere is

A) 0­-4% B) 10­-14%
C) 20-­24% D) 30­-34%
 
Answer & Explanation Answer: A) 0­-4%

Explanation:
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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Widespread liberalization of the economic ________________ regime was long overdue in 1991, and has played a positive role since, but its impact has ________________ its course and the policy has recognisable ___________________. Liberalization cannot address all aspects of the man­made environment and now climate change ________________ to change everything forever. We do not have another quarter century to deal ___________ these imperatives.

 

We do not have another quarter century to deal ___________ these imperatives.

 

A) about B) for
C) with D) of
 
Answer & Explanation Answer: C) with

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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