Questions

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:

‘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

Explanation:
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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.

fuddy-duddy

A) An ill mannered person that one accepts willingly because he/she is a very dear friend B) a person who is very old-fashioned and pompous
C) a shoddy work D) a very confusing situation
 
Answer & Explanation Answer: B) a person who is very old-fashioned and pompous

Explanation:
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Q:

Which among the following cannot be included among greenhouse gases?

A) Nitrous Oxide B) Carbon Dioxide
C) Methane D) Phosphine
 
Answer & Explanation Answer: D) Phosphine

Explanation:
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Filed Under: Chemistry
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Q:

Which of the following statements is correct about the President of India ?

A) Addresses first session of Parliament after each General Election. B) Addresses first session of Parliament at the beginning of each year
C) Addresses every session of Parliament D) Never addresses Parliament
 
Answer & Explanation Answer: A) Addresses first session of Parliament after each General Election.

Explanation:
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Q:

The per capita income in India was '20 in 1867-68, was ascertained for the first time by___________.

A) MG Ranade B) Sir W Hunter
C) RC Dutt D) Dadabhai Naoroji
 
Answer & Explanation Answer: D) Dadabhai Naoroji

Explanation:
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Q:

Which Schedule of Indian Constitution has provisions relating to disqualification of Member of Parliament on the ground of defection?

 

A) Seventh Schedule B) Eighth Schedule
C) Ninth Schedule D) Tenth Schedule
 
Answer & Explanation Answer: D) Tenth Schedule

Explanation:
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Q:

Which is the brightest star in our night sky?

A) Canopus B) Sirius A
C) Vega D) Spica
 
Answer & Explanation Answer: B) Sirius A

Explanation:
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Filed Under: General Science
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