Directions:(1-5) Read the following passage carefully and answer the questions given below it. Certain words/ phrases are given in bold to help you locate them while answering some fo the questions.
The salaried class expressed their discontent over tax on PPF scheme, the government has finally withdrawn the proposal.The government said the PPF will not be taxed on withdrawal and only the interest that accrues on contributions to employee provident fund made after April 1 will be taxed while principal will continue to be tax exempt.Revenue Secretary Hasmukh Adhia said, "The principal amount will not be taxed and will continue to remain tax exempt on withdrawal. What we have said is 40 per cent of the interest accrued on contributions made after April 1 will be tax exempt and its remaining 60 per cent will be taxed."Adhia said that no part of PPF will be taxed and the present scheme of investment up to Rs 1.5 lakh in a year will continue to be tax exempt. PPF on withdrawal will continue to be out of the tax ambit.
1.Why the government has withdrawn the PPF proposal scheme?
A.Due to discontent of salaried class.
B.Due to discontent of business class.
C.Due to discontent of student class.
D.Due to discontent of Ministerial class.
2.What was the new tax proposal made by the government?
A. PPF will be taxed on withdrawal and only the interest that accrues on contributions to employee provident fund made after April 1 will not be taxed
B. PPF will be taxed on withdrawal and only the interest that accrues on contributions to employee provident fund made after April 1 will be taxed
C. PPF will not be taxed on withdrawal and only the interest that accrues on contributions to employee provident fund made after April 1 will be taxed
D. PPF will not be taxed on withdrawal and only the interest that accrues on contributions to employee provident fund made after April 10 will be taxed.
3.Which part of employee provident fund will continue to be tax exempt?
A.60 per cent of the interest accrued on contributions made after April 1 will be tax exempted
B.40 per cent of the interest accrued on contributions made after April 1 will not be tax exempted
C.Investment up to Rs 1.5 lakh in a year will continue to be no tax exempt.
D.Principal will continue to be tax exempt on withdrawal.
4 When PPF will continue to be out of the tax ambit?
A.Deposit
B.Withdrawal
C.Transfer.
D.Closed.
5.According to the government contributions to employee provident fund made after which date will be taxed exempted?
A.April 1
B.April 10
C.March 1
D.April 5
Directions:-(6-10)Rearrange the following six sentences (A), (B), (C), (D), (E) and (F) in the proper sequence to form a meaningful paragraph and then answer the questions given below.
(A)The singers are accompanied by a musical ensemble ranging from a small instrumental ensemble to a full symphonic orchestra.
(B) By contrast, in musical theater an actor's dramatic performance is primary, and the music plays a lesser role.
(C) However, the words of the opera, or libretto, are sung rather than spoken.
(D)The drama in opera is presented using the primary elements of theater such as scenery, costumes, and acting.
(E)Opera refers to a dramatic art form, originating in Europe, in which the emotional content is conveyed to the audience as much through music, both vocal and instrumental, as it is through the lyrics.
(F)Opera as a drama was voted as one of the best musical event.
6.Which one will be the Last sentence?
1.A
2.F
3.C
4.D
5.E
7.Which one will be the Second sentence?
1.A
2.F
3.C
4.D
5.B
8.Which one will be the Fifth sentence?
1.A
2.F
3.C
4.D
5.B
9.Which one will be the First sentence?
1.A
2.F
3.E
4.D
5.B
10.Which one will be the Third sentence?
1.A
2.F
3.E
4.D
5.B
Answers will be provided soon
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