Questions

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
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Q:

Earnings per share are calculated by dividing

A) (net income less preferred stock dividends) by average common shares outstanding. B) gross profit by average common shares outstanding.
C) net sales by average common shares outstanding. D) net income by average common shares outstanding.
 
Answer & Explanation Answer: A) (net income less preferred stock dividends) by average common shares outstanding.

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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Filed Under: Indian Economy
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Q:

Which of the following is the primary sex organ in man?

A) Prostrate B) Testis
C) Vas deferens D) Seminal vesicles
 
Answer & Explanation Answer: B) Testis

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Western blot is the diagnostic test for

A) Plague B) Leprosy
C) HIV D) Typhoid
 
Answer & Explanation Answer: C) HIV

Explanation:
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Filed Under: Biology
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Q:

What is the atomicity of Phosphorous?

A) Di-atomic B) Poly-atomic
C) Tetra-atomic D) Mono-atomic
 
Answer & Explanation Answer: C) Tetra-atomic

Explanation:
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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.


Fraternity, then, was meant to complement civil rights, _______________ to destroy them. The _____________________ framers did not use this symbolic term for a court to come along 66 years _________________, and ______________________ it for the purposes of subordinating individual rights to some mythic notion of community harmony, entirely submerging the individual _______________ the society.


entirely submerging the individual _______________ the society.

A) on B) onto
C) upon D) within
 
Answer & Explanation Answer: D) within

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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