Q:

As per the announcement by the government in August 2017, Banks importing gold and precious metals will have to pay ______ tax under the GST.

A) 5%	B) 10%
C) 3%	D) 8%

Answer & Explanation Answer: C) 3%

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The Certificate of Deposit (CD) is a negotiable money market instrument and issued in the form of?

A) Derivative Usance Promissory Note	B) Usance Promissory Note
C) Demand Promissory Note	D) Both a & b

Answer & Explanation Answer: B) Usance Promissory Note

Explanation:

The Certificate of Deposit (CD) is a negotiable money market instrument and issued in dematerialised form or as a Usance Promissory Note against funds deposited at a bank or other eligible financial institution for a specified time period. (Usance Promissory Note has to be paid after certain time period).

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which one of the following is not an assumption in the law of demand?

A) There are no changes in the taste and preferences of consumers	B) Income of consumers remains constant
C) Consumers are affected by demonstration effect	D) There are no changes in the price of substitute goods.

Answer & Explanation Answer: C) Consumers are affected by demonstration effect

Explanation:

There are certain assumptions underlying the law of demand, which are as follows:

i. Assumes that the consumer’s income remains same

ii. Assumes that the preferences of consumer remain same.

iii. Considers that the fashion does not show any changes, because if fashion changes, then people would not purchase the products that are out of fashion.

iv. Assumes that there would be no change in the age structure, size, and sex ratio of population. This is because if population size increases, then the number of buyers increases, which, in turn, affect the demand for a product directly.

v. Restricts the innovation and new varieties of products in the market, which can affect the demand for the existing product.

vi. Restricts changes in the distribution of income.

vii. Avoids any type of change fiscal policies of the government of a nation, which reduces the effect of taxation on the demand of product.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Amphibian plants are placed in which of the following groups?

A) Bryophyta	B) Gymnosperms
C) Pteridophyta	D) Thallophyta

Answer & Explanation Answer: A) Bryophyta

Explanation:

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Filed Under: Biology
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.

Many a travelogue I read nowadays are about how the traveller went on a road less travelled ___________ some off-the-track trek or to an unknown destination or simply into the wild. How no internet ________________ is what you need to reconnect with yourself! How leaving your watch and phone __________ and going into the world of no check-ins and no updates would bring you solitude! These write-ups are laced with adjectives describing the geography of the region and filled with__________ details of the author’s days in that remote place. And, ironically, they all end with a strange advice to travel, and tell no one. I beg to _________.

How no internet ________________ is what you need to

A) connectivity	B) to connect
C) connects	D) connecting

Answer & Explanation Answer: A) connectivity

Explanation:

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

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Q:

Which of the following statement is true?

A) Global warming and climate change are two different issues	B) Global warming will reduce the annual build-up of glacier ice
C) Global warming may cause sea levels to go down	D) Global warming may cause contraction of deserts

Answer & Explanation Answer: B) Global warming will reduce the annual build-up of glacier ice

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

The best way to deal with a tailgater is to

A) Speed up to increase the distance between you and the tailgater	B) Change lanes or gradually slow down to encourage them to pass
C) Slam on your brakes to get the other driver to back off	D) Ignore them

Answer & Explanation Answer: B) Change lanes or gradually slow down to encourage them to pass

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

In January 2018, SBI planned to raise some money via BASEL-III Bonds. What is the deadline to meet the BASEL-III requirements?

A) June 2018	B) December 2018
C) March 2019	D) June 2019

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