Bank Clerk Questions

Capital Gains Tax on Property:

1. Short term,

2. Long term

Short Term Capital Gain on property is considered as a gain from selling a property which was held by you for less than 36 months. As a taxpayer, you are liable to pay tax on short term capital gain on property as per your applicable marginal income tax slab.

* Current Short Term Capital Gains tax rate is 30%.

Long Term Capital Gain

When you sell your property that is owned by you for more than three years, any gain arising from such sale will be considered as long term capital gain. Long term capital gain is calculated as the difference between net sales consideration and indexed cost of property.

* Current Long Term Capital Gains tax rate is 20%.

Charaka Samhita was a work on Medicine.

Laconic means using only few words in his/her speech or while talking.

In the given options, talkative, wordy and long are all opposite to laconic and brief is the only word which is similar in meaning of laconic.

Valentina Tereshkova was the first woman to walk on the moon.

The easiest way would measure it through half a liter water bottle. There are approximately 16.9 ounces(oz) of water in a 500ml water bottle.

Gallon is an imperial customary volume unit for the U.S.

As we have previously mentioned, the 16.9oz bottle is also known as 500ml in the metric system. According to U.S. standard, 1 gallon stands for 128 fluid oz.

Hence, Number of bottles in 1 gallon = 128/16.9 = 7.57 =~ 8.

The product of a number and its reciprocal is always equals to 1.

For Example : Let the number be 4.

Now, its reciprocal is 1/4

Hence, required product = 4 x 1/4 = 1.

Now, take the number as -15.

Then its reciprocal is -1/15

Required product = -15 x -1/15 = 1.

Hence, the product of a number and its reciprocal is 1.