Petroleum Engineering
Question : Directions: In this question, a sentence is given with a blank to be filled in with an appropriate word. Four alternatives are suggested for each question. Choose the correct alternative out of the four alternatives.
If strict security measures were taken, the tragedy might have been ____.
Option 1: averted
Option 2: removed
Option 3: controlled
Option 4: restrained
Correct Answer: averted
Solution : The correct choice to fill in the blanks is the first option.
Averted means to prevent something from happening, which correctly goes in the sentence as the sentence states that if security measures were taken, the tragedy could have been prevented, which is the intended meaning of the sentence.
The meanings of the other options are as follows:
Removed means to take something away.
Controlled means to take control of something.
Restrained means something that is controlled and not free.
Therefore, the correct sentence is: "If strict security measures were taken, the tragedy might have been averted."
Question : ________ is/are an item for which both GST and central excise duty are applicable in India.
Option 1: Alcohol for human consumption
Option 2: Tobacco and tobacco products
Option 3: Petroleum products
Option 4: All the agricultural commodities
Correct Answer: Tobacco and tobacco products
Solution : The correct option is Petroleum products.
In India, petroleum products are subject to both the goods and services tax and the government excise levy. 20% of the cost of fuel and 17.6% of the cost of diesel is the central excise charge. For petrol, the national government charges an excise duty of Rs 32.9 per litre, while for diesel, it is Rs 31.8 per litre. These levies make up around half of the retail price of gasoline and diesel. The sale and manufacture of petroleum products are subject to state and federal taxes, respectively.
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