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
Exam Prep: Bank Exams

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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
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

Blessing in disguise

 

A) Good fortune always follows bad; that is the way of fate. B) An apparent misfortune that eventually has good results.
C) If a curse makes one stronger than it is a blessing. D) A life of hardship does wonders for a person's character.
 
Answer & Explanation Answer: B) An apparent misfortune that eventually has good results.

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

As of February 2018, which famous Bollywood actor has been named as the brand ambassador of 'Resurgent Rajasthan', a state government campaign?

A) Irrfan Khan B) Amitabh Bachchan 
C) Rahul Singh D) Anupam Kher
 
Answer & Explanation Answer: A) Irrfan Khan

Explanation:
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Filed Under: Famous Personalities
Exam Prep: Bank Exams

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Q:

When is International day for Preservation of Ozone layer observed?

A) September 16 B) July 4
C) January 23 D) May 1
 
Answer & Explanation Answer: A) September 16

Explanation:
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Filed Under: Important Days and Years
Exam Prep: Bank Exams

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Q:

According to Ohm's law, if current (I) increase and potential difference (V) remains constant, then

A) resistance unchanged B) resistance decreases
C) potential difference decreases D) resistance increases
 
Answer & Explanation Answer: B) resistance decreases

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

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Q:

Knife is an example for

A) Lever B) Wedge
C) Inclined plane D) Pulley
 
Answer & Explanation Answer: B) Wedge

Explanation:
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Filed Under: Physics
Exam Prep: Bank Exams

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