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
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Q:

India was able to achieve the fiscal deficit target for the Financial Year 2016-17. It was how much percent of GDP?

A) 3.50% B) 4.20%
C) 3.00% D) 2.50%
 
Answer & Explanation Answer: A) 3.50%

Explanation:
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Q:

Which factor affects the heart rate in mammals?

A) Need for oxygen B) RBC count in blood
C) Blood type D) All the above
 
Answer & Explanation Answer: A) Need for oxygen

Explanation:
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Filed Under: Biology
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Q:

How many Constitutional Amendments to the Constitution of India have been made so far?

A) 122 B) 121
C) 120 D) 119
 
Answer & Explanation Answer: A) 122

Explanation:
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Filed Under: Indian Politics
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Q:

In March 2016, Election Commission of India declared assembly elections in ___ states scheduled for April - May 2016.

 

A) 3 B) 7
C) 5 D) 6
 
Answer & Explanation Answer: C) 5

Explanation:
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Q:

First established Indian Institute of Technology (IIT)?

A) IIT Bombay B) IIT Madras
C) IIT Delhi D) IIT Kharagpur
 
Answer & Explanation Answer: D) IIT Kharagpur

Explanation:
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Filed Under: General Awareness
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Q:

Acceleration is

A) Inversely proportional to force B) Inversely proportional to mass
C) Directly proportional to mass D) Directly proportional to force
 
Answer & Explanation Answer: D) Directly proportional to force

Explanation:
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Filed Under: Physics
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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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