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:

What is caloric stimulation test?

Answer

Workspace

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Subject: Biology Exam Prep: Bank Exams

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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:

Mount Semeru, an active volcano, located in

A) Africa	B) New Zealand
C) Indonesia	D) Myanmar

Answer & Explanation Answer: C) Indonesia

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Which company has partnered with SIDBI, to provide a finance scheme to MSMEs in rooftop solar segment?

A) L&T	B) Tata Power
C) Ashok Leyland	D) Mahindra & Mahindra

Answer & Explanation Answer: B) Tata Power

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

In which of the following Five Year Plan was the growth rate target exceeded?

A) Eighth Five Year Plan	B) Ninth Five Year Plan
C) Tenth Five Year Plan	D) Eleventh Five Year Plan

Answer & Explanation Answer: B) Ninth Five Year Plan

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Who is the CEO of Flipkart in 2016?

A) Ananth Narayanan	B) Mukesh Bansal
C) Binny Bansal	D) Sachin Bansal

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