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:

The 14th Finance Commission has recommended increase in States share in net proceeds from tax collection from 32% to

A) 35% B) 40%
C) 42% D) 45%
 
Answer & Explanation Answer: C) 42%

Explanation:
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Q:

Which of the following regions has the highest potential for wind energy?

A) The Deccan Plateau B) Gangetic planes
C) Western Ghats D) The Himalayas
 
Answer & Explanation Answer: C) Western Ghats

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

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Q:

Acid rain is caused by release of ___ and___ into the air.

A) Carbon dioxide and Carbon monoxide B) Sulphur dioxide and nitrogen oxides
C) Oxygen and Water vapour D) Nitrous oxide and Ozone
 
Answer & Explanation Answer: B) Sulphur dioxide and nitrogen oxides

Explanation:
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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams

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Q:

The short run marginal cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

Explanation:
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Q:

If quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?

A) 4 B) 1.25
C) 0.25 D) 0.8
 
Answer & Explanation Answer: D) 0.8

Explanation:
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Q:

Which country won the first cricket world cup?

A) New Zealand B) West Indies
C) England D) Australia
 
Answer & Explanation Answer: B) West Indies

Explanation:
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Filed Under: Sports
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Q:

Name the professional Indian basketball player who became the first ever player to be drafted from India into the National Basketball Association (NBA).

 

A) SatnamSingh Bhamara B) Akilan Pari
C) Yadwinder Singh D) Ajmer Singh
 
Answer & Explanation Answer: A) SatnamSingh Bhamara

Explanation:
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