Questions

Q:

Which of the following is not a renewable source of energy?

A) Solar B) Wind
C) Ocean waves D) Coal
 
Answer & Explanation Answer: D) Coal

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Q:

What is the average price difference per kg (in Rs.) for vegetables between two years for the three months given in the following table?

A) Average price of vegetables in Year 1 is less than that in Year 2. B) There is no difference in the average price.
C) Average price of vegetables in Year 2 is less than that in Year 1. D) We cannot compare the prices
 
Answer & Explanation Answer: B) There is no difference in the average price.

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Q:

Which of the following statements is correct about the President of India ?

A) Addresses first session of Parliament after each General Election. B) Addresses first session of Parliament at the beginning of each year
C) Addresses every session of Parliament D) Never addresses Parliament
 
Answer & Explanation Answer: A) Addresses first session of Parliament after each General Election.

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Q:

Chinese spacecraft Chang’e 5 has returned to the Earth, carrying samples from which astronomical body?

 

A) Moon B) Sun
C) Jupiter D) Saturn
 
Answer & Explanation Answer: A) Moon

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Q:

Which of the following sets of taxes belongs to Central Government?

A) Excise duty, Sales tax and Custom duty B) Income tax, Custom duty and House tax
C) Excise duty, Custom duty and Income tax D) Custom duty, Entertainment tax and Income tax
 
Answer & Explanation Answer: C) Excise duty, Custom duty and Income tax

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Q:

Which of the following best defines disposable income?

A) income received by households less personal taxes B) the before-tax income received by households
C) all income earned by resource suppliers for their current contributions to production D) the market value of the annual output net of consumption of fixed capital
 
Answer & Explanation Answer: A) income received by households less personal taxes

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Q:

In 2016, the State Bank of India launched a new product called 'SBI Exclusif'. What is the financial nature of this product?

A) Insurance B) Mutual Fund Offering
C) Wealth Management D) Recurring Deposit Scheme
 
Answer & Explanation Answer: C) Wealth Management

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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%  

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