Q:

What is the present Personal Income Tax exemption limit for male individuals below 60 years of age & HUF (FY 2015-16)?

A) Rs. 2.5 lakhs	B) Rs. 3 lakhs
C) Rs. 1.5 lakhs	D) Rs. 4 lakhs

Answer & Explanation Answer: A) Rs. 2.5 lakhs

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

The fat digesting enzyme Lipase is secreted by which of the following

A) Kidneys	B) Pancreas
C) Large Intestine	D) Liver

Answer & Explanation Answer: B) Pancreas

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Which one reveals, more appropriately, functioning of the heart?

A) Electrocardiogram	B) Echocardiogram
C) Stethoscope	D) Lipid profile

Answer & Explanation Answer: B) Echocardiogram

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Financial reports are used by

A) Investors	B) Creditors
C) Market Analysts	D) All of the above

Answer & Explanation Answer: D) All of the above

Explanation:

Financial reports are used for monitoring and controlling the movement of cash into and out of a business. They are used to communicate relevant, reliable and understandable information about the business that can be used by managers, analysts, investors to make decisions.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

‘Capital gains’ refers to goods which

A) serve as a source of raising further capital	B) help in the further production of goods
C) directly go into the satisfaction of human wants	D) find multiple uses

Answer & Explanation Answer: B) help in the further production of goods

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Who presented the first Union budget of independent India?

A) Morarji Desai	B) John Mathai
C) TT Krishnamachari	D) RK Shanmukham Chetty

Answer & Explanation Answer: D) RK Shanmukham Chetty

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Management accountants would not

A) prepare reports primarily for external users.	B) be concerned with the impact of cost and volume on profits
C) assist in budget planning.	D) determine cost behavior.

Answer & Explanation Answer: A) prepare reports primarily for external users.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Who took over as the new CEO of IT giant Infosys at the beginning of 2018?

A) Raghuram Rajan	B) Vishal Sikka
C) Rohan Murthy	D) Salil Parekh

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