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
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Q:

According to Dr. Ambedkar which Article is the most important article of Indian constitution?

A) Article 21	B) Article 24
C) Article 32	D) Article 256

Answer & Explanation Answer: C) Article 32

Explanation:

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Q:

The minimum age limit for the membership of the Vidhan Parishad is _____

A) 21 years	B) 25 years
C) 30 years	D) 35 years

Answer & Explanation Answer: C) 30 years

Explanation:

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Q:

India's population growth is characterized by

A) An increase in rate of death	B) An increase in the ratio of females
C) An increase in the birth rate and declining death rate	D) Increasing number of old people

Answer & Explanation Answer: C) An increase in the birth rate and declining death rate

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of these islands are located in the Arabian Sea?

A) Andaman Islands	B) Nicobar Islands
C) Lakshadweep Islands	D) All of the above

Answer & Explanation Answer: C) Lakshadweep Islands

Explanation:

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Filed Under: Indian Geography
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Q:

Where was Mahatma Gandhi born?

A) Madhya Pradesh	B) Assam
C) Rajasthan	D) Gujarat

Answer & Explanation Answer: D) Gujarat

Explanation:

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Q:

Look at the underlined part of each sentence. Below each sentence are given three possible substitutions for the underlined part. If one of them (a), (b) or (c) is better than the underlined part, indicate your response on the Answer Sheet against the corresponding letter. If none of the substitutions imporves the sentence, indicate (d) as your response on the Answer Sheet.

He is now looking about a job.

A) for	B) after
C) into	D) No improvement

Answer & Explanation Answer: A) for

Explanation:

‘Looking for’ means ‘trying to find’, hence it’s the correct use here. Looking about means looking here and there. Looking after means taking care of something or someone. Looking into means looking into the depths of something.

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the word similar in meaning to the word given.

Commemorate

A) Opprobrium	B) Reproach
C) Disrepute	D) Celebrate

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