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
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

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Earnings per share are calculated by dividing

A) (net income less preferred stock dividends) by average common shares outstanding.	B) gross profit by average common shares outstanding.
C) net sales by average common shares outstanding.	D) net income by average common shares outstanding.

Answer & Explanation Answer: A) (net income less preferred stock dividends) by average common shares outstanding.

Explanation:

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Q:

In the following question, out of the given four alternatives, select the one which is opposite in meaning of the given word.

Abutting

A) Touching	B) Far
C) Bordering	D) Joining

Answer & Explanation Answer: B) Far

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

A sentence has been given in Active/Passive Voice. Out of the four given alternatives, select the one which best expresses the same sentence inPassive/Active Voice.

Somebody hit the beggar with a stone.

A) The beggar was hit with a stone.	B) The beggar was hurt by a stone.
C) The beggar is hit by a stone	D)

Answer & Explanation Answer: A) The beggar was hit with a stone.

Explanation:

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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 alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

As humans we (crossing) our line in disturbing the balance of nature.

A) has crossed	B) crossed
C) have crossed	D) no improvement

Answer & Explanation Answer: C) have crossed

Explanation:

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

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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of the four alternatives suggested, select the one which best expresses the same sentence in Passive/Active voice.

Mother needs your help in the kitchen.

A) In the kitchen mother needs help by yourself.	B) Your helping is needed by mother in the kitchen.
C) Your help is needed by mother in the kitchen.	D) Needing of your help is done by mother in the kitchen.

Answer & Explanation Answer: C) Your help is needed by mother in the kitchen.

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select ‘No Error’.

If we objectively ponder on the mystery behind (1)/ miseries, we find that as long as we restrict (2)/ ourselves to the means of happiness, we are left in the lurch. (3)/ No error (4)

A) 1	B) 2
C) 3	D) 4

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