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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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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

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Q:

In 1917, which movement was launched by Mahatma Gandhi from Champaran?

A) Satyagraha B) Non co-operation movement
C) Quit India movement D) Swadeshi Movement
 
Answer & Explanation Answer: A) Satyagraha

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Q:

'Do or Die' is associated with which of the movements in India's freedom struggle

A) Dandi March B) Non-­Cooperation Movement
C) Khilafat Movement D) Quit India Movement
 
Answer & Explanation Answer: D) Quit India Movement

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Q:

Oil paint was first used for Buddhist paintings by Indian and Chinese painters in western _____ sometime between the fifth and tenth centuries.

A) Iraq B) Afghanistan
C) Pakistan D) India
 
Answer & Explanation Answer: B) Afghanistan

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Q:

Who is the captain of Indian women hockey team?

A) Sunita Lakra B) Gurjit Kaur
C) Rani Rampal D) Deep Grace Ekka
 
Answer & Explanation Answer: C) Rani Rampal

Explanation:

Rani Rampal is the captain of Indian women hockey team.

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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

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Filed Under: Indian Economy
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