Questions

Q:

Which  one  of  the  following  statements  is correct in relation to the GST Bill passed by the Rajya Sabha in August 2016?

A) It  will  replace  all  central  taxes,  duties, etc, only by a single tax. B) It will subsume central as well as State taxes, duties, etc.
C) GST  will  be  levied  on  alcoholic liquor for  human  consumption  at  a  uniform rate of 25 percent. D) Petroleum   and   petroleum   products shall  not  be  subject  to  the  levy  of GST.
 
Answer & Explanation Answer: B) It will subsume central as well as State taxes, duties, etc.

Explanation:

Goods and Services Tax (GST)  will replace  all  central  as well as  state taxes  by  a  single  tax.  GST  will subsume  various  Central  indirect taxes,  including  the  Central  excise duty,Countervailing  duty,  Service tax,  etc.  It  also  subsumes  State Value Added Tax(VAT), Octroi and entry    tax,    Luxury    tax,    etc. Petroleum  products  like  kerosene, naphtha  and  LPG  will  be  under GST,  while  five  items,  including crude oil, natural gas, aviation fuel, diesel    and    petrol    have    been excluded.    Alcohol    for    human consumption will be out of GS

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

_____________ means cases that can be directly considered by the Supreme Court without going to the lower courts before that.

A) Original Jurisdiction B) Writ Jurisdiction
C) Appellate Jurisdiction D) Advisory Jurisdiction
 
Answer & Explanation Answer: A) Original Jurisdiction

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Ebraham Alkazi is an eminent personality in which one of the following area?

A) Heart surgery B) Civil aviation
C) Theatre D) Painting
 
Answer & Explanation Answer: C) Theatre

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

"Bankruptcy and insolvency" is listed in the __________ list given in the Seventh Schedule in the Constitution of India.

A) Union B) State
C) Global D) Concurrent
 
Answer & Explanation Answer: D) Concurrent

Explanation:
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Q:

The name of first mammal clone sheep is

A) Noori B) Dolly
C) Louise D) Durga
 
Answer & Explanation Answer: B) Dolly

Explanation:
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Q:

Indusind Bank recently signed loan agreement of $ 200 million with ______ to provide finance to low-income women borrowers in rural India.

 

A) Asian Development Bank B) World Bank
C) Asian Infrastructure Investment Bank D) None of these
 
Answer & Explanation Answer: A) Asian Development Bank

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best express the same sentence in Indirect/Direct speech.

 

He said to Raina,"I cannot marry you now but I shall surely do so next year."

 

A) He told Raina that he cannot marry her now but would surely do so the following year. B) He told her that he could not marry Raina then but would surely marry her next year.
C) He told Raina that he could not marry her then but he would surely do so the following year. D) He told Raina that he would not marry her then but would surely do so the next year.
 
Answer & Explanation Answer: C) He told Raina that he could not marry her then but he would surely do so the following year.

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

In the following question, sentence given with blank is to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

Fuel suppliers will ______________ the national oil shortage by raising prices to increase their bottom lines.

A) use B) misuse
C) venture D) exploit
 
Answer & Explanation Answer: B) misuse

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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