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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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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

What is Damodar Valley Corporation ?

A) Statutory body B) Municipal Corporation looking after Damodar Valley
C) A private enterprise located in Bihar D) A non government organisation
 
Answer & Explanation Answer: A) Statutory body

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Part of XVII of India Constitution deals with ______.

A) elections B) official language
C) Panchyat D) fundamental rights
 
Answer & Explanation Answer: B) official language

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

From the given alternative words, select the word which cannot be formed using the letters of the given word:

CARPENTER

A) NECTAR B) CARPET
C) PAINTER D) REPENT
 
Answer & Explanation Answer: C) PAINTER

Explanation:
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Filed Under: Verbal Reasoning - Mental Ability

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Q:

Subhas Chandra Bose was born in the year _____.

A) 1797 B) 1847
C) 1897 D) 1947
 
Answer & Explanation Answer: C) 1897

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Filed Under: Indian History
Exam Prep: Bank Exams

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Q:

"An Extraordinary Life, An Indian Destiny" is a biography on

A) Manmohan Singh B) Sonia Gandhi
C) Shashi Tharoor D) Indira Gandhi
 
Answer & Explanation Answer: B) Sonia Gandhi

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Filed Under: Books and Authors
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

Who among the following has not scored even a single triple hundred in test matches?

A) Brian Lara B) Virender Sehwag
C) Sachin Tendulkar D) Chris Gayle
 
Answer & Explanation Answer: C) Sachin Tendulkar

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

In the following question, four number pairs are given. The number on left side of (–) is related to the number of the right side of (–) with someLogic/Rule/Relation. Three are similar on basis of same Logic/Rule/Relation. Select the odd one out from the given alternatives

A) 8 – 64 B) 6 – 36
C) 4 – 16 D) 2 – 12
 
Answer & Explanation Answer: D) 2 – 12

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Filed Under: Verbal Reasoning - Mental Ability

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