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:

Which one of the following is not a component of Revenue Receipts of the Union Government?

A) Corporate tax receipts	B) Dividends and profits
C) Disinvestment receipts	D) Interest receipts

Answer & Explanation Answer: C) Disinvestment receipts

Explanation:

Revenue receipts are regular source of Government of India, but Disinvestment receipts are not regular source of Income of Government and all other given are regular

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following classifications is based on atomic numbers?

A) Mendeleev's Periodic Table	B) Modern Periodic Table
C) Newlands Law of Octaves	D) Dobereiner's Law of Triads

Answer & Explanation Answer: B) Modern Periodic Table

Explanation:

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

Which of the following statements is true?

A) In grasshoppers and some insects, the male has only four sex chromosomes	B) A male individual contains one X and two Y chromosomes
C) In human beings, there are 46 chromosomes, of which 42 (21 pairs) are autosomes	D) In diploid organisms having separate sexes, a specific pair of chromosomes in each diploid cell determines the sex of the individual, they are called sex chromosomes.

Answer & Explanation Answer: D) In diploid organisms having separate sexes, a specific pair of chromosomes in each diploid cell determines the sex of the individual, they are called sex chromosomes.

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

In each of the following question below are given some statements followed by some conclusions. Taking the given statements to be true even if they seem to be at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements.

Statements:

I. Some pens are pencils.
II. All pencils are erasers.

Conclusions:

I. Some pens are erasers.
II. No pens are erasers.
III. Some erasers are pencils

A) Only conclusion (II) follows.	B) Only conclusion (I) and (II) follow
C) Only conclusion (I) and (III) follow	D) No conclusion follows

Answer & Explanation Answer: C) Only conclusion (I) and (III) follow

Explanation:

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Filed Under: Verbal Reasoning - Mental Ability
Exam Prep: Bank Exams

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Q:

Salt Satyagraha in Tamil Nadu was led by ____.

A) C. Rajagopalachari	B) K. Kamaraj
C) Potti Sriramulu	D) C. Subramaniam

Answer & Explanation Answer: A) C. Rajagopalachari

Explanation:

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Filed Under: Indian History
Exam Prep: Bank Exams

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Q:

Which union minister recently launched the NARI portal which focuses on women empowerment?

A) Uma Bharti	B) Smriti Irani
C) Nirmala Sitharaman	D) Maneka Gandhi

Answer & Explanation Answer: D) Maneka Gandhi

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it byselecting the appropriate option.

I ______ successful, I just know it.

A) would be	B) will be
C) may be	D) can be

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