Question
A pharmaceutical company introduces a new life-saving drug with no close substitutes. The company has a patent on the drug, giving it a monopoly in the market. The drug is expensive to produce, and the company sets a high price for it. In this situation, the demand for the new drug is likely to be:
More Banking System in India Questions
- Which of the following statement(s) is are correct regarding Payments Infrastructure Development Fund (PIDF) ? PIDF was operationalised in January 20...
- Which of the following fintech firm became the first online bond platform provider to receive a debt brokerage license from SEBI?
- When was the Security Printing and Minting Corporation of India Limited established?
- Which of the given statement is not correct about Fiscal Management in Budget 2023-24?
- Which of the following term is the practice where you pledge an asset (in this case, a car) to a bank when applying for a loan?
- What is the form in which bullion is traded on the India International Bullion Exchange (IIBX)?
- Which private sector Insurance Company recently launched the iTerm Prime Insurance plan, which will cater to the need of self-employed individuals with a s...
- Consider the following about the Green growth: I. Setting up 10,000 bio- inputs resource centres-to facilitate farmers to adopt natural farming II. Promoti...
- DSCR indicates the ability of a company to?
- Calculate the Asset coverage ratio of JKL Ltd based on given information?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)