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 demand curve _____.

A) shows that as the price of a good increases, demand for the good will increase	B) shows that as the price of a good increases, demand for the good will decrease
C) has a positive gradient	D) indicates that there is a direct relationship between quantity demanded and price

Answer & Explanation Answer: B) shows that as the price of a good increases, demand for the good will decrease

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’.

When we are able to stop, pause and think (1)/ more about our actions, words and thoughts, we begin (2)/ to see the cause and affect more clearly. (3)/ No error (4)

A) 1	B) 2
C) 3	D) 4

Answer & Explanation Answer: C) 3

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

According to the distance of planets from the Sun, which of the following order is correct?

A) Mercury, Venus, Earth, Mars	B) Mercury, Earth, Mars, Venus
C) Mercury, Mars, Earth, Venus	D) Mercury, Mars, Venus, Earth

Answer & Explanation Answer: A) Mercury, Venus, Earth, Mars

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

In which generation of computer was the mechanical language for programming used?

A) First	B) Second
C) Third	D) Fourth

Answer & Explanation Answer: A) First

Explanation:

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Filed Under: Computer
Exam Prep: Bank Exams

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Q:

AC is converted into DC by a

A) Condenser	B) Rectifier
C) Amplifier	D) Filter

Answer & Explanation Answer: B) Rectifier

Explanation:

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

On 19 September 2017, Law Ministry approved Fugitive Economic Offenders Bill, 2017. The proposed bill will be applicable in cases where the value of offences is over ______.

A) Rs 100 crores	B) Rs 50 crores
C) Rs 25 crores	D) Rs 200 crores

Answer & Explanation Answer: A) Rs 100 crores

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Which of the following countries became the first to withdraw from the International Criminal Court (ICC) with effect from 27 October, 2017?

A) Burundi	B) Syria
C) Russia	D) Ukraine

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