General Awareness Questions

Several Budget proposals, including the reintroduction of the tax on long-term capital gains (LTCG) exceeding 1 lakh from the sale of shares, will kick in from 01st April 2018, the beginning of the 2018-19 financial year. 

Corporation tax is a tax imposed on the net income of the company. Companies, both private and public which are registered in India under the Companies Act 1956, are liable to pay corporate tax.

Taxes in India are levied by the Central Government and the state governments. Some minor taxes are also levied by the local authorities such as the Municipality. The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes between the Central and the State.

Hence, Corporate Tax is imposed by Central Government.

According to 2018 January reports, Mukesh Ambani is the first richest person in India being 18th in the world, followed by Azim Premji and S.P. Hinduja in second and third places.

Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects.

Producer are Autotrophs as they prepare their own food and does'nt depend on others as Customers or Heterotrophs which depend on producers or Autotrophs.

The scientific study of rocks is called petrology, which is an essential component of geology.

The technology giant Apple has been named as the most innovative company of 2016, as per Boston Consulting Group (BCG) 2016 analysis. In the list of world’s 50 most innovative companies, Google has been ranked second, followed by Tesla Motors, Microsoft, Amazon, Netflix, Samsung, Toyota, Facebook and IBM.