Q. Which of the following is a private bank in India?
1 South Indian Bank
2 Oriental Bank of Commerce
3 Corporation Bank
4 Syndicate Bank
Ans: 1
Q. Which one of the following statements about RBI is 'True'?
1 RBI maintains the foreign exchange reserves of India
2 RBI is the regulator of Banks and Securities market in India
3 RBI started functioning from 1870
4 None of these
Ans: 1
Q. Which term is used in the field of Banking?
1 Current Account
2 Plasma
3 Follow on
4 Cold chain
Ans: 1
Q. Which one of the following is presently the largest oil refinery of India?
1 Mathura (IOC)
2 Visakhapatnam (HPCL)
3 Vadodara
4 Mumbai (BPCL)
Ans: 3
Q. Who propounded the Innovation theory of profits?
1 P.A.Samuelson
2 Alfred Marshall
3 J.A.Schumpeter
4 David Ricardo
Ans: 3
Q. The degree of monopoly power is to be measured in terms of the firm's
1 normal profit
2 selling price
3 supernormal profit
4 both normal and supernormal profit
Ans: 3
Q. Which one of the following is not a 'canon of taxation' according to Adam Smith?
1 Canon of convenience
2 canon of economy
3 Canon of simplicity
4 canon of certainty
Ans: 3
Q. Which is the most important source of revenue of the States in India?
1 Professional taxes
2 Land Revenue
3 Sales Tax
4 Excise duty
Ans: 4
Q. Protectionism in the International trade standa for
1 Semi-restricted trade
2 Free trade policy
3 Restricted trade policy
4 All of these
Ans: 3
Q. ....is the largest oil refinery in India.
1 Haldia
2 Koyali
3 Digboi
4 Trombay
Ans: 2
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