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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
Exam Prep: Bank Exams

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Q:

The difference between the ages of mother and son was 21 when mother's age was 43. If father is elder by 3 years to mother, what will be the difference between the ages of son and father when father attains 50 years?

A) 21 B) 22
C) 23 D) 24
 
Answer & Explanation Answer: D) 24

Explanation:
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Filed Under: Problems on Ages
Exam Prep: Bank Exams

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Q:

‘Desert Knight-21’, is the Military exercise between India and

A) France B) China
C) United States of America D) Brazil
 
Answer & Explanation Answer: A) France

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

What occurs during the appropriations process?

A) Congress acquires requested oversight material from the executive. B) Congress instructs the president to eliminate federal agencies.
C) Congress grants funds to federal agencies and programs.  D) Congress makes laws.
 
Answer & Explanation Answer: C) Congress grants funds to federal agencies and programs. 

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Petrodava Dacian Fortress is a famous archaeological landmark in

A) Chile B) Romania
C) Bulgaria D) France
 
Answer & Explanation Answer: B) Romania

Explanation:
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Filed Under: World Geography
Exam Prep: Bank Exams

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Q:

Cost price of a cooler is Rs 8400. If the profit percentage is 26%, then what is the selling price (in Rs) of the cooler?

 

A) 11351   B) 6667  
C) 10584   D) 9564
 
Answer & Explanation Answer: C) 10584  

Explanation:
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Filed Under: Profit and Loss
Exam Prep: Bank Exams

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Q:

In which year did Ole Romer measure the speed of light for the first time in the history?

A) 1776 B) 1676
C) 1876 D) 1867
 
Answer & Explanation Answer: B) 1676

Explanation:
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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Which of the following is the correct option for the congruency of the two triangles ABC and PQR as per the SAS congruency criterion?

 

A) AB = PQ B) BC = QR
C) ∡B = ∡Q D) All options are correct
 
Answer & Explanation Answer: D) All options are correct

Explanation:
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Filed Under: Area
Exam Prep: Bank Exams

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