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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Q:

Birth rate in a country is defined as

A) Number of births per 100 in 1 year B) Number of births per 1000 in 1 year
C) Number of births per km of area in 1 year D) Number of births per 100 km of area in 1 year
 
Answer & Explanation Answer: B) Number of births per 1000 in 1 year

Explanation:
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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:

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, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four andindicate it by selecting the appropriate option.

The employee did not _____ to the argument of the manager.

A) precede B) exceed
C) concede D) recede
 
Answer & Explanation Answer: C) concede

Explanation:
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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

"Jim Crow" shuns the mountains for reasons satisfactory to himself; not so the magpie, the raven, and __________ mischief-maker, Clark's nutcracker. All of which keeps the bird-lover from the East in an ecstasy of surprises until he has _____________ accustomed to his changed environment. One cannot help ___________ into the speculative mood in view of the sharp contrasts ______________ the birds of the East and _________ of the West.


in view of the sharp contrasts ______________

A) beside B) beneath
C) between D) below
 
Answer & Explanation Answer: C) between

Explanation:
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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 expresses the same sentence in Indirect/Direct speech.

My grandfather said to the visitor, "Who are you? Where do you come from?"

A) My grandfather enquired the visitor who are you, where do you come from. B) My grandfather enquires the visitor who he was and where he came from.
C) My grandfather enquired of the visitor who he was and where he came from. D) My grandfather enquires the visitor who are you, where do you come from.
 
Answer & Explanation Answer: C) My grandfather enquired of the visitor who he was and where he came from.

Explanation:
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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

______________ reader can add to the list and to the possibilities of a new ethical and moral politics _________________ requires a Gandhian inventiveness of ritual and politics. What I wish to add is a ___________________. The rituals of apology and the question of justice, reconciliation and ethical repair are not easy. They require a rigour and an inventiveness _____________ ethical thinking which ___________________ new experiments with the idea of truth and healing in India.


They require a rigour and an inventiveness _____________ ethical thinking

A) with B) of
C) to D) against
 
Answer & Explanation Answer: B) of

Explanation:
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