Questions

Q:

Expenses are recognized when

A) they are paid. B) they contribute to the production of revenue.
C) the invoice is received. D) they are billed by the supplier.
 
Answer & Explanation Answer: B) they contribute to the production of revenue.

Explanation:
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Q:

Which country has released its next-generation 'Xian' H-20 stealth bomber?

A) China B) USA
C) India D) Japan
 
Answer & Explanation Answer: A) China

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Filed Under: General Awareness
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Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.


Jubilant

 

 

A) Happy   B) Aggressive
C) Ancient   D) Defeat
 
Answer & Explanation Answer: A) Happy  

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Filed Under: English
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Q:

In the following question, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

 

A) Maineveer   B)  Maneuver  
C)  Maneover   D) Manever
 
Answer & Explanation Answer: B)  Maneuver  

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Q:

Which of the following is not an assumption of perfect competition?

A) There are many buyers and sellers B) Average total costs continually decrease.
C) The good sold by all sellers in the market is assumed to be homogeneous. D) Buyers and sellers in the market are assumed to have perfect information.
 
Answer & Explanation Answer: B) Average total costs continually decrease.

Explanation:
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Q:

In a plant, which of the following is converted into seed?

A) ovule B) ovary
C) style D) stigma
 
Answer & Explanation Answer: A) ovule

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Filed Under: Biology
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Q:

In the following figure, rectangle represents brand managers, circle represents cartoonist, triangle represents sculptors and square represents fathers. Which set of letters represents fathers who are either brand managers or cartoonists?

A) GDF B) FDB
C) BCG D) FDH
 
Answer & Explanation Answer: B) FDB

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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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