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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

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Filed Under: Sports
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Q:

In December 2017, SEBI tightened rating agency norms. The net worth requirement for rating agencies has now been increased from Rs 5 crore to ______.

A) Rs 10 crore   B) Rs 15 crore
C) Rs 20 crore D) Rs 25 crore
 
Answer & Explanation Answer: D) Rs 25 crore

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Filed Under: General Awareness
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Q:

In which of the following, Nylon is used?

A) Sleeping bags B) Parachute
C) Toothbrush D) All options are correct
 
Answer & Explanation Answer: D) All options are correct

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Filed Under: General Science
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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

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Filed Under: Computer
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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

A ray of hope

 

A) Even in a very bad situation one should try to see a good thing. B) Good days are sure to follow difficult ones.
C) Be very happy even if the reason is very small. D) Something that provides a small amount of optimism in a difficult situation.
 
Answer & Explanation Answer: D) Something that provides a small amount of optimism in a difficult situation.

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Filed Under: English
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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:

Short run marginal cost curve cuts the average variable cost curve from _______ at the minimum point of average variable cost.

A) top B) below
C) right D) left
 
Answer & Explanation Answer: B) below

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Filed Under: Indian Economy
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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

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Filed Under: Indian Economy
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