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
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Q:

In the following question, out of the given four alternatives, select the alternative which best expresses the meaning of the Idiom/Phrase.

 

Reap the whirlwind

 

A) Providing that other factors or circumstance remain the same B) Suffer negative consequences as a result of one’s actions
C) An indication that something is accepted or regarded favourably D) Believing that moderation is more satisfying than excess
 
Answer & Explanation Answer: B) Suffer negative consequences as a result of one’s actions

Explanation:
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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: They feel that during their time, young boys and girls were better behaved, more obedient, and had greater respect for their elders.
Q: Young people on the other hand, feel that they are capable enough to learn on their own rather than lean heavily on the older generation for any guidance.
R: The people belonging to the older generation always wonder as to what has gone wrong with the new generation.
S: They feel that a lack of respect for the old will ruin and spell disaster for the young.

 

A) PRSQ B) SPQR
C) PRQS D) RPSQ
 
Answer & Explanation Answer: D) RPSQ

Explanation:
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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

Elections, rights, governance and leadership (is becoming) empty words.

 

A) are become   B) are becoming  
C) is become   D) no improvement
 
Answer & Explanation Answer: B) are becoming  

Explanation:
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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 


People are now either exposed to the very best of their inner circle and the world, ________ to the worst — articles that look to shock, to provoke rage and put a lens on everything that is wrong _________ the world. Imperceptibly, it goes unsaid that often __________ pieces of ‘news’ fail to actually provide a constructive solution. The effect of such a disparity _________ to the same effect as news of TV and newspapers — a feeling that what we see does not ____________ our lives.

 

and the world, ________ to the worst

 

A) nor   B)  or  
C)  and   D)  but  
 
Answer & Explanation Answer: B)  or  

Explanation:
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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.


______________________ the Troubled Asset Relief Program (TARP), the government had purchased assets of struggling banks with a view _______________ ensuring that they did not collapse taking ____________________ them the rest of the financial system. These assets __________________ later at a profit by the government! The U.S. government had acted smartly, while in the Indian case the banks now find themselves ______________________ with loans made by them to an individual with negative net worth.


______________________ the Troubled Asset Relief Program (TARP)

A) Below B) Down
C) Lower D) Under
 
Answer & Explanation Answer: D) Under

Explanation:
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Q:

Which Indian chief minister was awarded the "Transformative Chief Minister Award" by US-India Business Council (USIBC) in 2017?

A) K. Chandrashekhar Rao B) Naveen Patnaik
C) Siddaramaiah D) Chandrababu Naidu
 
Answer & Explanation Answer: D) Chandrababu Naidu

Explanation:
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Q:

India's current finance minister Arun Jaitley is a Rajya Sabha member from which state?

A) Uttar Pradesh B) Haryana
C) Punjab D) Gujarat
 
Answer & Explanation Answer: D) Gujarat

Explanation:
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