The 'Bank of Calcutta' was established in which year? MCQ with Answer and Explanation

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The 'Bank of Calcutta' was established in which year?

A. 1806

B. 1865

C. 1840

D. 1770

Answer: Option A

Solution (By JKSSB Mock Tests)

The Bank of Calcutta, later Bank of Bengal, was established in 1806.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' Council chairperson is:

A. President

B. RBI Governor

C. Union Finance Minister

D. Prime Minister

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Correct Answer: Option C

Explanation:
GST Council is chaired by the Union Finance Minister.

This question belongs to: Economy GK Economy Set 1

Question #2

Net factor income from abroad is equal to:

A. exports minus imports

B. factor income received from abroad minus factor income paid to abroad

C. factor income received from abroad plus factor income paid to abroad

D. remittances received by India

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Correct Answer: Option B

Explanation:
Net factor income from abroad is the difference between factor income received from abroad and factor income paid abroad.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on air travel business class is:

A. 18%

B. 5%

C. 28%

D. 12%

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Correct Answer: Option D

Explanation:
Business class air travel is 12% GST.

This question belongs to: Economy GK Economy Set 1

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