Questions

Q:

The President can dismiss a member of the Council of Ministers

A) with the consent of the Speaker B) only under emergency conditions
C) on the recommendation of the Prime Minister D) on his own
 
Answer & Explanation Answer: C) on the recommendation of the Prime Minister

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

In the following question, select the odd letter/letters from the given alternatives

A) RTV B) HJL
C) KMP D) BDF
 
Answer & Explanation Answer: C) KMP

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Q:

The price of a chair is Rs. 500. It has been sold at two succesive discounts of 10% each. What is its selling price?

A) Rs. 400 B) Rs. 405
C) Rs. 415 D) Rs. 425
 
Answer & Explanation Answer: B) Rs. 405

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Q:

Who is the author of the book titled "The Sellout"?

A) Paul Beatty B) Arvind Adiga
C) Elenor Catton D) Howard Jacobson
 
Answer & Explanation Answer: A) Paul Beatty

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Filed Under: Books and Authors
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Q:

What is an octroi ?

A) Tax B) Tax collection centre
C) Tax processing centre D) Tax information centre
 
Answer & Explanation Answer: A) Tax

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is

A) 12.50% B) 8%
C) 10% D) 15%
 
Answer & Explanation Answer: A) 12.50%

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Filed Under: Indian Economy
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Q:

Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

A) Rs 110 crores B) Rs 300 crores
C) Rs 60 crores D) Rs 250 crores
 
Answer & Explanation Answer: C) Rs 60 crores

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Filed Under: Indian Economy
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Q:

Under GST regime, in ‘Composition Scheme’, taxpayers have to fill returns ______.

A) Monthly B) Half-yearly
C) Quarterly D) Bi-Monthly
 
Answer & Explanation Answer: C) Quarterly

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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