English Practice Question and Answer

  • Show AnswerHide Answer
  • Workspace

Answer : 2. "b"

Q:

Directions: Read the following passage and answer the questions as directed.

Start-ups troubled by the so-called angel tax may soon receive some (A)______from the government. On Monday, the Centre set up a five-member working committee to look into revising the (B)norms of the angel tax imposed on start-ups. The tax, which was first introduced in 2012 to curb money-laundering through the (i) at bloated prices, has caused a lot of anguish among start-up investors in the country. Start-up owners have complained that income tax officials have asked many start-ups to cough up money when they try to attract capital into their entities by issuing new shares. For its part, the IT department fears that start-ups may be used as convenient tools to launder illegally acquired money, so a tax on investments beyond a certain threshold is (ii). (C) But while the (1) unintended of such an angel tax may be (2) benefits, the arbitrary nature of it means the cost of (3) intent consequences could be larger than the supposed (4) justifiable. In trying to curb money-laundering, Section 56(2)(viib) of the Indian Income Tax Act, 1961 gives income tax officials a free hand to harass even genuine start-ups looking to raise investments for their growth. Under the Act, the IT department is free to arbitrarily decide the fair value of a company’s share and tax start-ups if the price at which their new shares are sold to investors is higher than the fair value of these shares. The broad-brush tax on all investments means an unnecessary cost is (iii)community simply because of the lack of better means at the government’s disposal to tackle black money.

The committee set up by the government will, among other things, consider raising the threshold beyond which new investments into start-ups will be taxed. It is expected that start-ups with aggregate paid-up share capital and share premium of less than ₹25 crore, against the previous threshold of only ₹10 crore, will not be taxed while attracting new investment. This would definitely make life easier to a certain extent for angel investors and start-ups. But it will not address the real problem with the angel tax, which has to do with the unbridled power that it vests in the hands of the income tax authorities. Investors, foreign or domestic, may become wary of investing in new ideas when they are taxed while risking money on untested ventures. So the government should look to withdraw the angel tax and focus instead on building the capability to better identify and rein in illegal wealth. Otherwise it risks killing the nascent start-up ecosystem in the country.

In the question below three phrases are given which must be filled in the positions given in i, ii and iii in the passage. From the options given below, choose the correct order of phrases that should be filled in the positions given.
A. necessary to deter such shady operations
B. sale of shares of private unlisted companies
C. imposed on the wider start-up

1270 0

  • 1
    ABC
    Correct
    Wrong
  • 2
    CAB
    Correct
    Wrong
  • 3
    BCA
    Correct
    Wrong
  • 4
    BAC
    Correct
    Wrong
  • 5
    ACB
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "BAC"

Q:

Choose the correctly spelt word.

1270 0

  • 1
    Hotiness
    Correct
    Wrong
  • 2
    Haughtyness
    Correct
    Wrong
  • 3
    Haughtiness
    Correct
    Wrong
  • 4
    Hautiness
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Haughtiness"

Q:

Read the following passage carefully and answer the given questions.
It is impossible for a well-educated, intellectual or brave man to make money the chief object of his thought, just as it is for him to make his dinner the principal object of them. All healthy people like their dinners, but their dinner is not the main object of their lives. So all healthy-minded people like making money-ought to like it, and to enjoy the sensation of winning it, but the main object of their life is not money, it is something better than money. A good soldier, for instance mainly wishes to do his fighting well. He is glad of his pay, very properly so, and justly grumbles when you keep him ten years without it - still his main notion of life is to win battles not to be paid for winning them. So of the doctor. They like fees, no doubt, ought to like them, yet if they are brave and well-educated, the entire object of their lives is not fees. They, on the whole, desire to cure the sick, and if they are good doctors, and the choice were fairly put to them, they would rather cure their patient, and lose the fees, than kill him and get it. And so with all other brave and rightly trained men, their work is first, their fees second - very important, no doubt, but still second. But in every nation, there are a vast number of people who are ill-educated, cowardly and stupid. And with these people, just as certainly the fee is first and work second, as with brave people the work is first and fee second.

All the following words mean ‘notion’ except -

1270 0

  • 1
    idea
    Correct
    Wrong
  • 2
    concept
    Correct
    Wrong
  • 3
    subject
    Correct
    Wrong
  • 4
    view
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "subject"

Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

to drink like a fish

1270 0

  • 1
    a person who spends a lot
    Correct
    Wrong
  • 2
    a person who keeps cheating for a very long time without getting noticed
    Correct
    Wrong
  • 3
    a person who needs to relive himself very frequently
    Correct
    Wrong
  • 4
    to drink excessive amounts of alcohol
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "to drink excessive amounts of alcohol"

  • Show AnswerHide Answer
  • Workspace

Answer : 3. "the "

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully