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
Exam Prep: Bank Exams

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Q:

In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.

A) Monopsony B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: D) Monopolistic Competition

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

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Q:

A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.

A) Current Account B) Savings Account
C) Capital Account D) Asset Account
 
Answer & Explanation Answer: A) Current Account

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

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If
a sentence is free from error, select 'No Error'.

 

Mark won all of (1)/ the award for the categories (2)/ in which he was nominated. (3)/ No error (4)

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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

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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.

 

Starting late-2014, scientists of the National Aeronautics and Space Administration (NASA) working _______ satellite data tracking the rift found that the defect in the Larsen C was growing _________. By 2016 the crack became 70 miles long and 300 feet ________. By January 2017 it measured 109 miles in length and 1,500metres in breadth. On July 12, it broke. The broken shelf, now __________ official iceberg, was massive, indeed the ____________-ever such iceberg, weighing 1.1trillion tons and measuring 2,200 square miles.

 

and 300 feet ________. By January 2017

 

A) width   B) length  
C) breadth   D) wide
 
Answer & Explanation Answer: D) wide

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

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Q:

Article 36 to Article 51 of Indian Constitutional mainly deals with Directive Principles of State Policy, given in ______ of Indian Constitution.

 

A) Part II B) Part III
C) Part IV D) Part V
 
Answer & Explanation Answer: C) Part IV

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

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Q:

What is the role of "Ombudsman" in a bank?

A) To provide quality and speedy redressal of grievances of customers. B) To provide suggestions for innovative schemes in the banks.
C) To inspect the internal working of the branches. D) To monitor the poverty alleviation programmes
 
Answer & Explanation Answer: A) To provide quality and speedy redressal of grievances of customers.

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

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Q:

What occurs during the appropriations process?

A) Congress acquires requested oversight material from the executive. B) Congress instructs the president to eliminate federal agencies.
C) Congress grants funds to federal agencies and programs.  D) Congress makes laws.
 
Answer & Explanation Answer: C) Congress grants funds to federal agencies and programs. 

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

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