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:

Which among the following cannot be included among greenhouse gases?

A) Nitrous Oxide	B) Carbon Dioxide
C) Methane	D) Phosphine

Answer & Explanation Answer: D) Phosphine

Explanation:

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

fuddy-duddy

A) An ill mannered person that one accepts willingly because he/she is a very dear friend	B) a person who is very old-fashioned and pompous
C) a shoddy work	D) a very confusing situation

Answer & Explanation Answer: B) a person who is very old-fashioned and pompous

Explanation:

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Filed Under: English

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Q:

Read each sentence to find out whether there is any grammatical error in it. The error, if any, will be in one part of the sentence. If the sentence is correct as it is mark 'no error' as the answer.Jaitely announced a waivered of the service charge (a)/ on e-tickets and spoke about a number of steps (b)/ to improve passenger amenities (c)/ such as a ‘coach mitra’ facility. (d)/ No error (e).

A) Jaitely announced a waivered of the service charge	B) on e-tickets and spoke about a number of steps
C) to improve passenger amenities	D) such as a ‘coach mitra’ facility

Answer & Explanation Answer: A) Jaitely announced a waivered of the service charge

Explanation:

'waiver' should be used to make the sentence correct.

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Filed Under: English
Exam Prep: Bank Exams

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Q:

When the human body temperature falls by about 2 - 3.5 F below the normal body temperature, the condition is known as

A) Fever	B) Hypothermia
C) Hyperthermia	D) Hyperpyrexia

Answer & Explanation Answer: B) Hypothermia

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Who designed the world's lightest satellite 'Kalamsat', which NASA launched and set a new world record?

A) Riyaz Sharook	B) Shawna Pandya
C) Rifath Sharook	D) Madhav Dhekane

Answer & Explanation Answer: A) Riyaz Sharook

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

A lens has a power +2.0 D. The type of lens and its focal length will be

A) Concave, -0.5 m	B) Convex, 0.5 m
C) Concave, 0.5 m	D) Convex, -0.5 m

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