BANKING TERMS RELATED OBJECTIVE

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
Q. India’s largest supplier of crude oil is—
1 Saudi Arab
2 Iran
3 Nigeria
4 Qatar
Ans: 1
Q. .... has the highest number of cotton mills in India.
1 Tamil Nadu
2 Maharashtra
3 Gujarat
4 West Bengal
Ans: 1
Q. Which Iron and Steel Plant is called 'Ruhr of India?
1 Rourkela
2 Durgapur
3 Bhilai
4 Jamshedpur
Ans: 2