UPSC PRELIMINARY MOCK TEST 220

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UPSC PRELIMINARY MOCK TEST 220

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Question 46 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which of the following is/are the possible outcomes if the 'anti-profiteering' clause under the Goods and Services Tax regime is strictly enforced?
  1. The prices of some products will reduce
  2. There will be a shortage of some products
  3. It will act as a deterrent for investments in some businesses
Select the correct answer using the code given below:
A
1 only
B
1 and 2
C
2 only
D
1, 2 and 3
English grammar Questions answers
Question 46 Explanation: 

All three are possible outcomes (for either the short, medium or long term) due to implementation of the anti-profiteering mechanism under the new GST regime.

  • Businesses that receive the benefit of paying lower taxes under the new goods and services tax (GST) regime can't keep it with them. Instead, according to the GST Act, they must pass it on to consumers by reducing the price of the products they sell.
  • Contrary to the intention of the anti-profiteering clause, this will not benefit consumers. Shortages are likely to follow as prices fall without a commensurate increase in supply. This is because profit-capping will distort business returns, thus discouraging new investment that could help ramp up production. In contrast, when the tax rate is reduced without a cap on profits, it usually leads to a similar fall in prices, but without shortages. This is because higher profit margins - due to lower taxes - attract new investment and increase supply.
  • Another fallout will be corruption and inefficiency as the government begins implementation of the clause. This does not portend well for doing business in India.

TH: Too much profit? ; "

Question 47 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Consider the following statements with regard to aftermath of Chauri Chaura Incident: 1.Congress halted the Non-cooperation Movement as a direct result of the Chauri Chaura. 2.Gandhi was arrested and sentenced to six years of imprisonment. Which of the statements given above is/are correct?
A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Biology Questions answers
Question 47 Explanation: 
Chauri Chaura Incident occurred when a large group of protester's, participating in the Non-cooperation movement clashed with police, who in return opened fire.

In retaliation the demonstrators attacked and set fire to a police station, killing all of its occupants. The incident led to the deaths of three civilians and 22 or 23 policemen. In reaction to this incidence Mahatma Gandhi halted the Non-cooperation as he was strictly against violence.

In response to killing of the police, the British authorities declared martial law in and around Chauri Chaura.

Several raids were conducted and hundreds of people were arrested.

Gandhi was also arrested and sentenced to six years of imprisonment but was later released in February 1924 on grounds of ill health.

Question 48 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Consider the following statements

1.Council of Ministers are collectively responsible to the Parliament.

2.Chairman of Rajya Sabha preside over a joint sitting of the two houses of the Parliament in the absence of Speaker.

3.Resignation or death of an incumbent Chief Minister dissolves the Council of Ministers.

Which of the statements given above is/are correct?

A
1 and 3 only
B
1, 2 and 3
C
1 only
D
3 only
Crack any exam
Question 48 Explanation: 

Council of Ministers are collectively responsible to the Loka Sabha. Chairman of Rajya Sabha cannot preside over a joint sitting of the two houses of the Parliament in any circumstance.

"

Question 49 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
An economy heats up due to
  1. Demand deficit
  2. Excess supply
  3. High liquidity infusion
Select the correct answer using the codes given below:
A
1 and 2 only
B
2 only
C
3 only
D
2 and 3 only
Find your subjects study note
Question 49 Explanation: 
High liquidity infusion only
Question 50 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
KumbhMela is held on the banks of;
  1. Ganga
  2. Shipra
  3. Kaveri
Select the correct answer using code below
A
1 and 2 only
B
1 and 3 only
C
2 and 3 only
D
All of the above
Aptitude Questions answers
Question 50 Explanation: 
It is held at Prayagraj on banks of Ganges-Yamuna rivers confluence, Haridwar on banks of Ganges River, Nashik on banks of Godavari and Ujjain on banks of Shipra.
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