Q:

Which state organized India's first Tribal Entrepreneurship Summit in November 2017?

A) Jharkhand	B) Chhattisgarh
C) West Bengal	D) Odisha

Answer & Explanation Answer: B) Chhattisgarh

Explanation:

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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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
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Q:

Bilateral monopoly situation is

A) when there are only two sellers of a product	B) when there are only two buyers of a product
C) when there is only one buyer and one seller of a product	D) when there are two buyers and two sellers of a product

Answer & Explanation Answer: C) when there is only one buyer and one seller of a product

Explanation:

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Filed Under: Indian Economy
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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
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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45	B) 0.55
C) 2	D) 1.25

Answer & Explanation Answer: B) 0.55

Explanation:

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Q:

The surface area (in sq.cm.) of a sphere with radius 1 cm is :(pi = 22/7)

A) 89/7	B) 89/21
C) 88/21	D) 88/7

Answer & Explanation Answer: D) 88/7

Explanation:

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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams

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Q:

Consider the given statement/s to be true and decide which of the given conclusions/assumptions can definitely be drawn from the given statement.
Statements:
1. All cycles are ducks.
2. All ducks are swans.
Conclusions:
I. All swans are cycles.
II. Some swans are cycles.

A) Only conclusion I follows	B) Only conclusion II follows
C) Both conclusions follows	D) Neither conclusion I nor conclusion II follows

Answer & Explanation Answer: B) Only conclusion II follows

Explanation:

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Filed Under: Verbal Reasoning - Mental Ability

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Q:

For what is Radiocarbon dating technique used?

A) To estimate soil contamination	B) To estimate the amount of water in fossils
C) To estimate the age of fossils	D) To estimate the quality of soil

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