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

1 829

Q:

Indian Constitution has how many Parts?

A) 22	B) 32
C) 42	D) 52

Answer & Explanation Answer: A) 22

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Particulates (< 1 μm size) remaining suspended in air indefinitely and transported by wind currents are called

A) Mists	B) Fumes
C) Aerosols	D) Smoke

Answer & Explanation Answer: C) Aerosols

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Who authored the book titled 'Jinnah often came to our House', which won the 2016 The Hindu Prize?

A) Kiran Doshi	B) Salman Rushdie
C) K. Vijay Kumar	D) Yasser Usman

Answer & Explanation Answer: A) Kiran Doshi

Explanation:

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Filed Under: Books and Authors
Exam Prep: Bank Exams

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Q:

Neeraj Chopra is associated with which sports?

A) Kabaddi	B) Cricket
C) Javelin Throw	D) Wrestling

Answer & Explanation Answer: C) Javelin Throw

Explanation:

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

Who won the Dream11 Indian Premier League 2020 held at UAE?

A) Delhi Capitals	B) Mumbai Indians
C) Sunrisers Hyderabad	D) Kolkata Knight Riders

Answer & Explanation Answer: B) Mumbai Indians

Explanation:

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

A series is given with one term missing. Choose the correct alternative from the given ones that will complete the series. Boxing, Tennis Doubles,Volleyball, ?

A) Cricket	B) Chess
C) Basketball	D) Badminton

Answer & Explanation Answer: A) Cricket

Explanation:

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Filed Under: Verbal Reasoning - Mental Ability

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Q:

Electric tram was invented by?

A) Fyodor Pirotsky	B) Arthur Pitney
C) Fritz Pfleumer	D) Stephen Perry

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