Questions

Q:

The Central Government has launched which of the following app to verify the GST (Goods and Services Tax) Rates under the GST regime?

A) GST Rate Searcher B) GST Rate Explorer
C) GST Rate Finder D) GST Rate Google
 
Answer & Explanation Answer: C) GST Rate Finder

Explanation:
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Q:

In the following question the 1st and the last part of the sentence/passage are numbered 1 and 6. The rest of the sentence/ passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct.

 

1. Sunita Aralikar's story is incredible but true.
P. Fortunately she was pulled out of the tiny grave by her maternal grandfather.
Q. Her mother died when she was fifteen days old.
R. Her grandfather decided to educate her on his own.
S. She was buried alive by her illiterate father the next day.
6. Today Sunita is an author and a well known social activist, fighting against female infanticide.

 

A) PQRS B) SRQP
C) QSPR D) PRSQ
 
Answer & Explanation Answer: C) QSPR

Explanation:
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Q:

Which  one  of  the  following  statements  is not correct regarding the Office of the Vice President of India?

A) The  vice  President  is  elected  by  an electoral   college   consisting   of   the elected members of both the Houses of the Parliament. B) The    vice    President    is    elected    in accordance    with    the    system    of proportional  representation  by  means of single transferab
C) The   Vice   President   shall   not   be   a member    of    either    House    of    the Parliament   or   of   a D) The  Vice  President  of  India  shall  be  ex officio   Chairman   of   the   Council   of States  and  shall  not  hold  any  office 
 
Answer & Explanation Answer: A) The  vice  President  is  elected  by  an electoral   college   consisting   of   the elected members of both the Houses of the Parliament.

Explanation:

The Vice-President is elected by an electoral  college  consisting  of  both elected and nominated members of both   Houses   of   Parliament,   in accordance   with   the   system   of proportional     representation     by means  of  the  single  transferable vote   and   the   voting   in   such election  is  by  secret  ballot.  The Vice-President  is  not  a  member  of either  House  of  Parliament  or  of  a House of a Legislature of any state. 

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Q:

On 2 January 2018, Parliament Passed NABARD (Amendment) Bill, 2017. The Bill seeks to increase capital of NABARD from Rs 5,000 crore to ______.

 

A) Rs 30,000 crore B) Rs 10,000 crore
C) Rs 20,000 crore D) Rs 40,000 crore
 
Answer & Explanation Answer: A) Rs 30,000 crore

Explanation:
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Q:

A word is represented by only one set of numbers as given in any one of the alternatives. The sets of the numbers given in the alternatives are represented by two classes of alphabets as shown in the given two matrices. The column and rows of matrix-I are numbered from 0 to 4 and the matrix-II are numbered from 5 to 9. A letter from these matrices can be represented first by its row and next by its column from these matrices B can be represented by 41, 32 and Y can be represented by 87, 96, etc. Similarly, you have to identify the word 'SLMAT'

A) 75,30,43,34 B) 13,68,21,99
C) 22,87,43,98 D) 24,85,31,57
 
Answer & Explanation Answer: A) 75,30,43,34

Explanation:
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Q:

Which of the following is NOT based on principle of relationship between volume and pressure of air?

A) Fountain pen B) Bicycle pump
C) Hand pump D) Pulley
 
Answer & Explanation Answer: D) Pulley

Explanation:
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Filed Under: Physics
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Q:

Financial reports are used by

A) Investors B) Creditors
C) Market Analysts D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Financial reports are used for monitoring and controlling the movement of cash into and out of a business. They are used to communicate relevant, reliable and understandable information about the business that can be used by managers, analysts, investors to make decisions. 

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Q:

The principles of internal control include

A) Maintain Records B) Segregate of Duties
C) Mandatory Employee Rotation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.


The main internal control principles include:

  • Establish Responsibilities
  • Maintain Records
  • Insure Assets by Bonding Key Employees
  • Segregate of Duties
  • Mandatory Employee Rotation
  • Split Related Party Responsibility
  • Use Technological Controls
  • Perform Regular Independent Reviews

 

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