Banking Officer Exam Template With Answers Page 6
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29Bank of India Banking Officer Paper – 2017 (Practice Set)
(Directions 21-25) Rearrange the following six sentences (A),(B),(C),(D),(E),(F) in the proper
sequence to form a meaningful paragraph; then answer the questions given below them.
(A) This is being done to ensure that when the cess
22.Which sentence shouldcome before the last ?
is removed or merged ,the flexibility to impose
(A) F
higher rate on luxury goods is not taken away ,a
(B) E
senior finance ministry official told ET.
(B) This is only an enabling provision and the
(C) D
highest rate levied on goods will still be 28%( 14%
(D) A
central GST and 14% state GST ).The demerit and
luxury goods will attract higher 28% rate plus cess.
23.Which sentence will come complete the
(C) India has decided to peg the peak goods and
passage ?
services tax (GST) rate at40% in the legislation
(A) C
instead of 28%, giving it the flexibility to raise rates
without having to reach out to parliament.
(B) A
(D) ”Some members of the council felt such an
(C) D
enabling provision was needed.” the official privy
to the development said.
(D) B
(E) The GST council has proposed to peg the peak
tax rate at 40% (20% central GST and 20% state
24) Which sentence will be third after the
GST) in the model GST law to preclude the
rearrangement?
requirement of approaching parliament or state
(A) F
assemblies for any change in future.
(F) This enabling provision will also allow the
(B) E
government to remove the cess at some stage and
(C) B
instead have a higher GST rate only, which will
make for a neater GST.
(D) D
21.Which sentence should come second in the
25) Which sentence will start the passage?
paragraph?
(A) E
(A) B
(B) C
(B) A
(C) E
(C) F
(D) B
(D) E
Page 6
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