966: Under which of the following circumstances may 'capital gains' arise?
1. When there is an increase in the sales of a product
2. When there is a natural increase in the value of the property owned
3. When you purchase a painting and there is a growth in its value due to increase in its popularity
Select the correct answer using the codes given below :
(a) 1 only
(b) 2 and 3 only
(c) 2 only
(d) 1, 2 and 3
967: In which one of the following oceans is Diamantina Trench situated ?
(a) Indian Ocean
(b) Atlantic Ocean
(c) Arctic Ocean
(d) Pacific Ocean
968: Capital Account Convertibility of the Indian Rupee implies
(a) that the Indian Rupee can be exchanged by the authorised dealers for travel
(b) that the Indian Rupee can be exchanged for any major currency for the purpose of trade in goods and services
(c) that the Indian Rupee can be exchanged for any major currency for the purpose of trading financial assets
(d) None of the above
969: Match List I with List II and select the correct answer by using the code given below the lists :
List I
I. Gupta
II. Chandella
III. Chalukya
IV. Pallava
List II
(A) Badami
(B) Panamalai
(C) Khajuraho
(D) Deogarh
Codes:
(a) I-D, II-C, III-A, IV-B
(b) I-D, II-B, III-C, IV-A
(c) I-B, II-C, III-D, IV-A
(d) I-C, II-D, III-A, IV-B
970: The staple commodities of export by the English East India Company from Bengal in the middle of the 18th century were
(a) Raw cotton, oil-seeds and opium
(b) Sugar, salt, zinc and lead
(c) Copper, silver, gold, spices and tea
(d) Cotton, silk, saltpetre and opium