Questions

Q:

Raymond Samuel Tomilson is famous for developing which of the following?

A) E­-Mail B) SMS
C) Facebook D) Orkut
 
Answer & Explanation Answer: A) E­-Mail

Explanation:
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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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Q:

India recently notified the Third protocol to amend Double Taxation Avoidance Agreement with which of the following countries?

A) China B) Vietnam
C) Singapore D) Malaysia
 
Answer & Explanation Answer: C) Singapore

Explanation:
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Q:

How many ‘Pradhan Mantri LPG Panchayat’ would be organised across the country in next one and half year under the ‘Pradhan Mantri LPG Panchayat Yojna?’

A) 2 lakh B) 1 lakh
C) 3 lakh D) 5 lakh
 
Answer & Explanation Answer: B) 1 lakh

Explanation:
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Q:

Which Fundamental Right in the Indian Constitution prohibits trafficking, forced labour, and children working under 14 years of age?

A) Right to Equality B) Right to Freedom
C) Right against Exploitation D) Right to Freedom of Religion
 
Answer & Explanation Answer: C) Right against Exploitation

Explanation:
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Q:

Y. H. Malegam Committee is an expert committee constituted by Reserve Bank Of India to look into which of the following issues?

I. Classification of bad loans

II. Effectiveness of adults

III. Rising incidents of frauds

A) Only I and I B) Only II and II
C) Only I and II D) All I, II and III
 
Answer & Explanation Answer: D) All I, II and III

Explanation:
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Q:

According to Malthusian theory of population

A) Population increases in geometric ratio, food supply B) Population increases in arithmetic ratio, food supply increases in geometric ratio
C) Population increases in a harmonic mean, food supply increases in geometric ratio D) Population increases in a harmonic ratio, food supply increases in a arithmetic ratio
 
Answer & Explanation Answer: A) Population increases in geometric ratio, food supply

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Q:

Prahaar' is

A) a battle tank B) a surface-to-surface missile
C) an aircraft carrier D) a submarine
 
Answer & Explanation Answer: B) a surface-to-surface missile

Explanation:

The Prahaar is a short-range, solid propellant, road-mobile ballistic missile designed for tactical strikes against close range targets.It is a surface to surface missile. Prahaar is expected to replace the Prithvi-I short-range ballistic missile in Indian service.

 

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