Q:

What is an octroi ?

A) Tax	B) Tax collection centre
C) Tax processing centre	D) Tax information centre

Answer & Explanation Answer: A) Tax

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The short run marginal cost curve is ____ shaped.

A) U	B) V
C) X	D) W

Answer & Explanation Answer: A) U

Explanation:

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Q:

If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is

A) 12.50%	B) 8%
C) 10%	D) 15%

Answer & Explanation Answer: A) 12.50%

Explanation:

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Q:

Which one of the following statements regarding freedom to manage religious affairs as per the Constitution of India is notcorrect?

A) Every religious denomination shall have the right to manage its own affairs in matters of religion except some minor communities.	B) Every religion or any section thereof shall have the right to own and acquire movable and Immovable property.
C) Every religious community has the right to establish and maintain institutions for religious and charitable purpose.	D) Every community has the right to manage its own affairs in matters of religion.

Answer & Explanation Answer: A) Every religious denomination shall have the right to manage its own affairs in matters of religion except some minor communities.

Explanation:

All are correct except A, as every religious denomination including minor communities shall have right to manage its own affairs.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

The banks avail long-term loans from Reserve Bank of India (RBI) by putting no collateral securities. This loan is availed under which of the following lending rates?

A) Bank rate	B) Repo rate
C) Reserve repo rate	D) Marginal Standing Facily

Answer & Explanation Answer: A) Bank rate

Explanation:

The bank rateis the rate of interest at which banks takelong term loansfrom Reserve Bank of India (RBI) by putting no collateral security. It is the rate at which RBI rediscounts the bills of exchange and government securities held by the commercial banks. For controlling the credit, inflation and money supply, RBI increases the bank rate.

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Q:

Where are coins minted in India?

A) Delhi, Mumbai, Kolkata	B) Delhi, Kolkata, Hyderabad
C) Mumbai, Delhi, Bangalore	D) Mumbai, Kolkata, Hyderabad, NOIDA

Answer & Explanation Answer: D) Mumbai, Kolkata, Hyderabad, NOIDA

Explanation:

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Q:

In August 2017, which bank allowed India to construct Ratle Hydroelectric project which was opposed by Pakistan?

A) bank of England	B) World Bank
C) International Bank for Reconstruction and development (IBRD)	D) Asian Development Bank

Answer & Explanation Answer: B) World Bank

Explanation:

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Exam Prep: Bank Exams

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Q:

If two coulomb of charge flows through any cross-section of a conductor in one second, what will be the current flowing through it?

A) 1 Ampere	B) 1/2 Ampere
C) 1/4 Ampere	D) 2 Amperes

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