Dear Readers,
Mahendras has started special quizzes for SBI / RBI Main Exam so that you can practice more and more to crack the examination. This SBI / RBI Main Exam quiz series will mold your preparations in the right direction and the regular practice of these quizzes will be really very helpful in scoring good marks in the Examination. Here we are providing you important question of English Language for SBI / RBI Main Exam.
Q1-8 In the following passage there are blanks each of which has been numbered. These numbers are given below the passage and against each five words have been suggested, one of which fits the blanks appropriately. Find out the appropriate word in each case.
Traditionally, indirect tax policymakers have (1) the small and medium industry favourable tax treatment. This favourable treatment was provided on the (2) that small-scale units use fewer amounts of capital per unit of output and also provide more employment per unit of output. There is, however, not much evidence to establish that small-scale (3) exemptions in the past have really helped in the growth of the small-scale sector. Notwithstanding all this, the new Goods and Services Tax law does protect the small-scale duty benefits. The GST Council, which is the joint policy (4) group consisting of both the Centre and the States, has accepted an annual (5) limit of Rs 20 lakh turnover up to which GST will not be payable.
Beyond 20 lakh, for another additional Rs.30 lakh annual turnover, the GST rates would be a flat 1 per cent based on self-certification of the turnover, or on the basis of the turnover declared in the financial accounts of the company.
While the very small units are provided duty benefits or duty concessions, the GST does bring the small and medium units under a tight (6) regime which would be IT-driven. Every unit paying GST must have a GSTN number after registration. Smaller units that are under the compounding scheme with a turnover between Rs. 20 lakh and 50 lakh would require to be registered with a GSTN number.
There is now growing evidence that the small-scale exemptions in the past did not really incentivise the small-scale units to grow. On the other hand, they encouraged (7) in order to remain below the threshold level of exemption. The big difference in GST is that the entire value chain, from raw material to retail, has become (8) for the purpose of taxation. The Constitutional Amendment Bill empowers the Centre to tax trading, and the States to tax services. The Constitutional Amendment really ushers in the dual VAT.
Q1 Choose the correct option for (1)
01. accorded
02. according
03. framing
04. vernacular
05. lied
Q2 Choose the correct option for (2)
01. promise
02. premises
03. premise
04. compound
05. area
Q-3 Choose the correct option for (3)
01. excise
02. exercise
03. duty
04. filed
05. pave
Q-4 Choose the correct option for (4)
01. formulate
02. contrive
03. vindictive
04. amethyst
05. formulating
Q-5 Choose the correct option for (5)
01. sluggish
02. tardy
03. threshold
04. redact
05. approbate
Q-6 Choose the correct option for (6)
01. regulate
02. equivocal
03. regulatory
04. collateral
05. kindred
Q-7 Choose the correct option for (7)
01. borough
02. speck
03. fragmentation
04. imploding
05. shattered
Q-8 Choose the correct option for (8)
01. prolific
02. scathing
03. profuse
04. integrated
05. unite
Q9-10 Read each part of the sentence to find out if there is any error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is no error, mark your answer as (5).
Q-9 Representatives of various social movements (1)/ from BRICS countries will attend a 2-day people's forum (2)/ beginning in Goa where we are(3)/ likely to voice resistance against neo-liberalism.(4)/No Error (5)
01. Representatives of various social movements
02. from BRICS countries will attend a 2-day people's forum
03. beginning in Goa where we are
04. likely to voice resistance against neo-liberalism
05. No Error
Q10 Exports of gems and jewellery grew by 11 per cent(1)/ during the first five months(2)/ of the current fiscal, driven large (3)/ by demand in India's major markets like the US.(4)/No Error (5)
01. Exports of gems and jewellery grew by 11 per cent
02. during the first five months
03. of the current fiscal, driven large
04. by demand in India's major markets like the US
05. No Error
Answers
Q.1 (1)
Q.2 (3)
Q.3 (1)
Q.4 (5)
Q.5 (1)
Q.6 (3)
Q.7 (3)
Q.8 (4)
Q.9 (3)
Q.10 (3)
Mahendras has started special quizzes for SBI / RBI Main Exam so that you can practice more and more to crack the examination. This SBI / RBI Main Exam quiz series will mold your preparations in the right direction and the regular practice of these quizzes will be really very helpful in scoring good marks in the Examination. Here we are providing you important question of English Language for SBI / RBI Main Exam.
Q1-8 In the following passage there are blanks each of which has been numbered. These numbers are given below the passage and against each five words have been suggested, one of which fits the blanks appropriately. Find out the appropriate word in each case.
Traditionally, indirect tax policymakers have (1) the small and medium industry favourable tax treatment. This favourable treatment was provided on the (2) that small-scale units use fewer amounts of capital per unit of output and also provide more employment per unit of output. There is, however, not much evidence to establish that small-scale (3) exemptions in the past have really helped in the growth of the small-scale sector. Notwithstanding all this, the new Goods and Services Tax law does protect the small-scale duty benefits. The GST Council, which is the joint policy (4) group consisting of both the Centre and the States, has accepted an annual (5) limit of Rs 20 lakh turnover up to which GST will not be payable.
Beyond 20 lakh, for another additional Rs.30 lakh annual turnover, the GST rates would be a flat 1 per cent based on self-certification of the turnover, or on the basis of the turnover declared in the financial accounts of the company.
While the very small units are provided duty benefits or duty concessions, the GST does bring the small and medium units under a tight (6) regime which would be IT-driven. Every unit paying GST must have a GSTN number after registration. Smaller units that are under the compounding scheme with a turnover between Rs. 20 lakh and 50 lakh would require to be registered with a GSTN number.
There is now growing evidence that the small-scale exemptions in the past did not really incentivise the small-scale units to grow. On the other hand, they encouraged (7) in order to remain below the threshold level of exemption. The big difference in GST is that the entire value chain, from raw material to retail, has become (8) for the purpose of taxation. The Constitutional Amendment Bill empowers the Centre to tax trading, and the States to tax services. The Constitutional Amendment really ushers in the dual VAT.
Q1 Choose the correct option for (1)
01. accorded
02. according
03. framing
04. vernacular
05. lied
Q2 Choose the correct option for (2)
01. promise
02. premises
03. premise
04. compound
05. area
Q-3 Choose the correct option for (3)
01. excise
02. exercise
03. duty
04. filed
05. pave
Q-4 Choose the correct option for (4)
01. formulate
02. contrive
03. vindictive
04. amethyst
05. formulating
Q-5 Choose the correct option for (5)
01. sluggish
02. tardy
03. threshold
04. redact
05. approbate
Q-6 Choose the correct option for (6)
01. regulate
02. equivocal
03. regulatory
04. collateral
05. kindred
Q-7 Choose the correct option for (7)
01. borough
02. speck
03. fragmentation
04. imploding
05. shattered
Q-8 Choose the correct option for (8)
01. prolific
02. scathing
03. profuse
04. integrated
05. unite
Q9-10 Read each part of the sentence to find out if there is any error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is no error, mark your answer as (5).
Q-9 Representatives of various social movements (1)/ from BRICS countries will attend a 2-day people's forum (2)/ beginning in Goa where we are(3)/ likely to voice resistance against neo-liberalism.(4)/No Error (5)
01. Representatives of various social movements
02. from BRICS countries will attend a 2-day people's forum
03. beginning in Goa where we are
04. likely to voice resistance against neo-liberalism
05. No Error
Q10 Exports of gems and jewellery grew by 11 per cent(1)/ during the first five months(2)/ of the current fiscal, driven large (3)/ by demand in India's major markets like the US.(4)/No Error (5)
01. Exports of gems and jewellery grew by 11 per cent
02. during the first five months
03. of the current fiscal, driven large
04. by demand in India's major markets like the US
05. No Error
Answers
Q.1 (1)
Q.2 (3)
Q.3 (1)
Q.4 (5)
Q.5 (1)
Q.6 (3)
Q.7 (3)
Q.8 (4)
Q.9 (3)
Q.10 (3)
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