Infrastructure Finance Company (IFC) is a non-banking finance company has a minimum Net Owned Funds of _______ A. Rs.100 Crore B. Rs.200 Crore C. Rs.500 Crore D. Rs.300 Crore E. None of the Above

Infrastructure Finance Company (IFC) is a non-banking finance company has a minimum Net Owned Funds of _______ A. Rs.100 Crore B. Rs.200 Crore C. Rs.500 Crore D. Rs.300 Crore E. None of the Above
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D. Rs.300 Crore Explanation: Infrastructure Finance Company (IFC) is a non-banking finance company has a minimum Net Owned Funds of Rs.300 Crore.
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An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of ________ A. Rs.5 crore B. Rs.4 crore C. Rs.3 crore D. Rs.2 crore E. None of the Above

Description : An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of ________ A. Rs.5 crore B. Rs.4 crore C. Rs.3 crore D. Rs.2 crore E. None of the Above

Last Answer : A. Rs.5 crore Explanation: Non Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of Rs.5 crore.

Minimum paid-up capital of small finance banks is _______ A. 100 crore B. 200 Crore C. 500 crore D. 1000 crore E. None of the Above

Description : Minimum paid-up capital of small finance banks is _______ A. 100 crore B. 200 Crore C. 500 crore D. 1000 crore E. None of the Above

Last Answer : A. 100 crore Explanation: Minimum paid-up capital of small finance banks is Rs.100 crore.

An HFC is required to have Minimum net owned fund of ______ A. Rs. 100 lakhs B. Rs. 200 lakhs C. Rs. 500 lakhs D. Rs. 1000 lakhs E. None of the Above

Description : An HFC is required to have Minimum net owned fund of ______ A. Rs. 100 lakhs B. Rs. 200 lakhs C. Rs. 500 lakhs D. Rs. 1000 lakhs E. None of the Above

Last Answer : D. Rs. 1000 lakhs Explanation: For commencing the housing finance business, an HFC is required to have the following in addition to the requirements under the Companies Act, 1956: ♦ Certificate of registration from NHB ♦ Minimum net owned fund of Rs. 1000 lakhs

IFC is a non-banking finance company with Capital to Risk (Weighted) Assets Ratio (CRAR) of _____ A. 15% B. 20% C. 25% D. 30% E. None of the Above

Description : IFC is a non-banking finance company with Capital to Risk (Weighted) Assets Ratio (CRAR) of _____ A. 15% B. 20% C. 25% D. 30% E. None of the Above

Last Answer : A. 15% Explanation: IFC is a non-banking finance company with Capital to Risk (Weighted) Assets Ratio (CRAR) of 15%.

Authorised capital of National Payments Corporation of India (NPCI) is _________ and paid up capital is _______ A. Rs 300 crore and Rs 100 crore B. Rs 350 crore and Rs 50 crore C. Rs 200 crore and Rs 100 crore D. Rs 100 crore and Rs 50 crore

Description : Authorised capital of National Payments Corporation of India (NPCI) is _________ and paid up capital is _______ A. Rs 300 crore and Rs 100 crore B. Rs 350 crore and Rs 50 crore C. Rs 200 crore and Rs 100 crore D. Rs 100 crore and Rs 50 crore

Last Answer : A. Rs 300 crore and Rs 100 crore Explanation: National Payments Corporation of India (NPCI) was incorporated in December 2008 and the Certificate of Commencement of Business was issued in ... dimension and operate on high volume resulting payment services at fraction of the present cost structure.

What is the initial minimum paid-up equity capital required for new on-tap license to set up private bank as announced by RBI? A) Rs 5 crore B) Rs 100 crore C) Rs 500 crore D) Rs 50 crore E) Rs 200 crore

Description : What is the initial minimum paid-up equity capital required for new on-tap license to set up private bank as announced by RBI? A) Rs 5 crore B) Rs 100 crore C) Rs 500 crore D) Rs 50 crore E) Rs 200 crore

Last Answer : C) Rs 500 crore Explanation: The Reserve Bank of India released norms for on-tap permits for private sector banks and said the validity of the in-principle approval issued by the RBI will be 18 months from the date of granting in-principle approval.

The Minimum Net Owned Fund for NBFC-MFIs registered in the North Eastern Region of the country is _________ A. Rs.5 crore B. Rs.4 crore C. Rs.3 crore D. Rs.2 crore E. None of the Above

Description : The Minimum Net Owned Fund for NBFC-MFIs registered in the North Eastern Region of the country is _________ A. Rs.5 crore B. Rs.4 crore C. Rs.3 crore D. Rs.2 crore E. None of the Above

Last Answer : Rs.2 crore Explanation: Minimum Net Owned Fund for NBFC-MFIs registered in the North Eastern Region of the country is Rs. 2 crore.

Companies having net worth in excess of Rs.______ crore are covered at the first phase. a. Rs.1000 Crores b. Rs. 500 Crores c. Rs. 200 Crores d. Rs. 100 Crores

Description : Companies having net worth in excess of Rs.______ crore are covered at the first phase. a. Rs.1000 Crores b. Rs. 500 Crores c. Rs. 200 Crores d. Rs. 100 Crores

Last Answer : a. Uniformity

Jayant Sinha, minister of state for finance reported how many willful defaulters owing Rs 66,190 crore to state-owned banks as of December 2015? A) 6719 B) 7128 C) 5275 D) 7686 E) None of these

Description : Jayant Sinha, minister of state for finance reported how many willful defaulters owing Rs 66,190 crore to state-owned banks as of December 2015? A) 6719 B) 7128 C) 5275 D) 7686 E) None of these

Last Answer : D) 7686 Explanation: Sinha also said that the total outstanding amount in top 100 non-performing accounts (NPAs) with public sector banks (PSBs) was Rs 1.73 lakh crore as of December 2015. Willful ... December 2015 while the amount involved more than doubled to Rs 66,190 crore from Rs 27,749 crore.

NABARD was set up with an initial capital of __________ A. 100 crore B. 200 crore C. 300 crore D. 500 crore

Description : NABARD was set up with an initial capital of __________ A. 100 crore B. 200 crore C. 300 crore D. 500 crore

Last Answer : A. 100 crore Explanation: NABARD was set up with an initial capital of 100 crore. Currently the share capital between Government of India and RBI, the paid up capital stood at 5000 crore with Government of India holding 4,980 crore (99.60%) and Reserve Bank of India 20.00 crore (0.40%).

NBFCs whose asset size is of _____ or more as per last audited balance sheet are considered as systemically important NBFCs. A. Rs.100 Crore B. Rs.200 Crore C. Rs.500 Crore D. All of the Above E. None of the Above

Description : NBFCs whose asset size is of _____ or more as per last audited balance sheet are considered as systemically important NBFCs. A. Rs.100 Crore B. Rs.200 Crore C. Rs.500 Crore D. All of the Above E. None of the Above

Last Answer : C. Rs.500 Crore Explanation: NBFCs whose asset size is of Rs.500 Crore or more as per last audited balance sheet are considered as systemically important NBFCs.

As per the licensing norms of RBI, a new bank must have a _______ capital A. 200 Crore B. 100 Crore C. 1000 Crore D. 500 Crore E. None of the Above

Description : As per the licensing norms of RBI, a new bank must have a _______ capital A. 200 Crore B. 100 Crore C. 1000 Crore D. 500 Crore E. None of the Above

Last Answer : D. 500 Crore Explanation: The RBI licensing norms stipulate that a new bank must have Rs.500 crore capital.

What was the fund allocation for the implementation of the ‘Protection from Domestic Violence Act’ in the Eleventh plan? a. Rs. 100 crore b. Rs. 300 crore c. Rs. 500 crore d. Rs. 1000 crore

Description : What was the fund allocation for the implementation of the ‘Protection from Domestic Violence Act’ in the Eleventh plan? a. Rs. 100 crore b. Rs. 300 crore c. Rs. 500 crore d. Rs. 1000 crore

Last Answer : c. Rs. 500 crore

For expanding access to banking services, the RBI has advised banks to open branches with minimum infrastructure support of 8 to 10BC units at a reasonable 3-4km. Such branches are known as _______ A. White Label ATMs B. Ultra Small Branches C. Banking Kiosks D. CBS Terminals E. ICT Hubs

Description : For expanding access to banking services, the RBI has advised banks to open branches with minimum infrastructure support of 8 to 10BC units at a reasonable 3-4km. Such branches are known as _______ A. White Label ATMs B. Ultra Small Branches C. Banking Kiosks D. CBS Terminals E. ICT Hubs

Last Answer : B. Ultra Small Branches Explanation: Ultra Small Branches may be set up between the base branch and BC locations so as to provide support to about 8-10 BC Units at a reasonable distance ... for operating large customer transaction and would have to be managed full time by bank officers/ employees.

The initial minimum paid-up voting equity capital for a bank shall be 500 crore rupees. Thereafter, the bank shall have a minimum net worth of 500 crore rupees at all times.

Description : The initial minimum paid-up voting equity capital for a bank shall be 500 crore rupees. Thereafter, the bank shall have a minimum net worth of 500 crore rupees at all times.

Last Answer : Resident individuals and professionals having 10 years of experience in banking and finance at a senior level are also eligible to promote universal banks.

The seed capital of Bharatiya Mahila Bank is ________ A. Rs.5000 crore B. Rs.1000 crore C. Rs.500 crore D. Rs.100 crore E. None of the above

Description : The seed capital of Bharatiya Mahila Bank is ________ A. Rs.5000 crore B. Rs.1000 crore C. Rs.500 crore D. Rs.100 crore E. None of the above

Last Answer : B. Rs.1000 crore Explanation: Bharatiya Mahila Bank (BMB) is an Indian financial services banking company based in New Delhi, India. India is the third country in the world to have a bank especially for women, after Pakistan and Tanzania.The Bank‘s initial capital consists of Rs 1,000 crores.

Which of the following international organization is going to invest Rs 60 crore in Aadhar Housing Finance? A) International Monetary Fund B) International Finance Corporation C) Asian Development Bank D) World Bank E) European Investment Bank

Description : Which of the following international organization is going to invest Rs 60 crore in Aadhar Housing Finance? A) International Monetary Fund B) International Finance Corporation C) Asian Development Bank D) World Bank E) European Investment Bank

Last Answer : B) International Finance Corporation Explanation: The World Bank s private sector funding arm International Finance Corporation (IFC) and Wadhawan Global Capital Pvt Ltd are going to raise their ... between them to help the housing loan provider to lower income families double its business.

In July, the UK government‟s development finance unit, CDC announced to infuse Rs 1,000 crore into its Finance unit in India to boost people‟s access to affordable housing. This finance unit is A) SKS Microfinance Ltd B) India Infoline Finance C) IDF Financial Services Pvt Ltd D) YVU Financial Services Pvt Ltd E) None of these

Description : In July, the UK government s development finance unit, CDC announced to infuse Rs 1,000 crore into its Finance unit in India to boost people s access to affordable housing. This finance unit is A) ... Finance C) IDF Financial Services Pvt Ltd D) YVU Financial Services Pvt Ltd E) None of these

Last Answer : B) India Infoline Finance Explanation: Diversified financial services company IIFL Holdings announced that UK governmentowned CDC Group will invest about Rs 1,000 crore in its unit India Infoline ... needs of under-served segments through diversified offerings, IIFL Holdings said in a release.

Minimum amount that can be invested in Kisan Vikas Patra(KVP) Certificate is _________ A. Rs.100 B. Rs.200 C. Rs.500 D. Rs.1000

Description : Minimum amount that can be invested in Kisan Vikas Patra(KVP) Certificate is _________ A. Rs.100 B. Rs.200 C. Rs.500 D. Rs.1000

Last Answer : D. Rs.1000 Explanation: KVP certificates are available in the denominations of Rs 1000, Rs 5000, Rs 10000 and Rs 50000. The minimum amount that can be invested is Rs 1000. However, there is no upper limit on the purchase of KVPs.

Which of the following is/are non-banking subsidiary of the State Bank of India? A. SBI Capital Markets Ltd. B. SBI General Insurance Company Limited. C. SBI Funds Management Pvt Ltd. D. All of the Above E. None of the Above

Description : Which of the following is/are non-banking subsidiary of the State Bank of India? A. SBI Capital Markets Ltd. B. SBI General Insurance Company Limited. C. SBI Funds Management Pvt Ltd. D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: SBI has the following Non-Banking Subsidiaries in India: SBI Capital Markets Ltd. SBI Funds Management Pvt Ltd. SBI Global Factors Ltd. SBI Cards & Payments ... (SBICPSL) SBI DFHI Ltd. SBI General Insurance Company Limited. SBI Pension Funds Pvt Ltd (SBIPFPL)

Which of the following is not a member of the World Bank Group? A. International Development Association(IDA) B. International Bank for Reconstruction and Development(IBRD) C. International Finance Corporation(IFC) D. Bank of International Settlement(BIS)

Description : Which of the following is not a member of the World Bank Group? A. International Development Association(IDA) B. International Bank for Reconstruction and Development(IBRD) C. International Finance Corporation(IFC) D. Bank of International Settlement(BIS)

Last Answer : D. Bank of International Settlement(BIS) Explanation: The World Bank Group is made of the following five organizations: International Bank for Reconstruction and Development (IBRD), established in ... -fosters international monetary and financial cooperation and serves as a bank for central banks .

Micro Units Development Refinance Agency (MUDRA) has a corpus of _______, and credit guarantee corpus of ________ A. Rs 25,000 crore and Rs.3,000 crore B. Rs 20,000 crore and Rs.4,000 crore C. Rs 15,000 crore and Rs.4,000 crore D. Rs 20,000 crore and Rs.3,000 crore

Description : Micro Units Development Refinance Agency (MUDRA) has a corpus of _______, and credit guarantee corpus of ________ A. Rs 25,000 crore and Rs.3,000 crore B. Rs 20,000 crore and Rs.4,000 crore C. Rs 15,000 crore and Rs.4,000 crore D. Rs 20,000 crore and Rs.3,000 crore

Last Answer : D. Rs 20,000 crore and Rs.3,000 crore Explanation: The bank will have an initial corpus of Rs 20,000 crore and a credit guarantee fund of and Rs.3,000 crore. The bank will initially ... as a non-banking financial company and a subsidiary of the Small Industries Development Bank of India (SIDBI).

If total income of company B in 2008 was Rs.140 crore, what was the total expenditure of that company in the same year? (approx) a) Rs.100.66 cr. b) Rs.110.33 cr. c) Rs.98.22 cr. d) Rs.94.90 cr. e) Rs.96.55 cr.

Description : If total income of company B in 2008 was Rs.140 crore, what was the total expenditure of that company in the same year? (approx) a) Rs.100.66 cr. b) Rs.110.33 cr. c) Rs.98.22 cr. d) Rs.94.90 cr. e) Rs.96.55 cr.

Last Answer : e) Rs.96.55 cr.

HDFC Ergo general insurance company has agreed to buy which of the following company‟s general insurance business for Rs 551 crore? A) L&T B) Tata C) ICICI Lombard D) Bajaj Allianz E) IFFCO-Tokio

Description : HDFC Ergo general insurance company has agreed to buy which of the following company‟s general insurance business for Rs 551 crore? A) L&T B) Tata C) ICICI Lombard D) Bajaj Allianz E) IFFCO-Tokio

Last Answer : A) L&T Explanation: HDFC has agreed to pay around 1.1 times the gross premium of L&T General Insurance Company This will help HDFC Ergo improve its ranking in the sector from fourth largest to third largest in the private sector insurance segment.

Which of the following companies has set up two wholly owned subsidiaries in July 2016, one for its broker business and another for insurance business? A) EXIM Bank B) Religare Enterprises C) Muthoot Finance D) Sahara Asset Management Company E) None of these

Description : Which of the following companies has set up two wholly owned subsidiaries in July 2016, one for its broker business and another for insurance business? A) EXIM Bank B) Religare Enterprises C) Muthoot Finance D) Sahara Asset Management Company E) None of these

Last Answer : B) Religare Enterprises Explanation: Religare Enterprises has set up two wholly owned subsidiaries – Religare Broking Limited and Religare Insurance Ltd – as part of its restructuring plan.

. If debt equity ratio is 3:1; the amount of total assets are Rs.20 lakh; current ratio is 1.5:1 and owned funds are Rs.3 lakh. What is the amount of current assets? a) Rs.5 lakh b) Rs.3 lakh c) Rs.12 lakh d) Rs.15 lakh

Description : . If debt equity ratio is 3:1; the amount of total assets are Rs.20 lakh; current ratio is 1.5:1 and owned funds are Rs.3 lakh. What is the amount of current assets? a) Rs.5 lakh b) Rs.3 lakh c) Rs.12 lakh d) Rs.15 lakh

Last Answer : c) Rs.12 lakh

A limited company makes a net profit of Rs. 2,00,000 after writing off preliminary expenses amounting to Rs. 20,000 and providing for depreciation on assets amounting to Rs. 40,000 and gain of Rs. 10,000 on sale of a piece of machinery. What are the funds from operation ? (A) Rs. 2,00,000 (B) Rs. 2,40,000 (C) Rs. 2,50,000 (D) Rs. 2,60,000

Description : A limited company makes a net profit of Rs. 2,00,000 after writing off preliminary expenses amounting to Rs. 20,000 and providing for depreciation on assets amounting to Rs. 40,000 and gain of Rs. 10,000 on sale of a piece of ... 2,00,000 (B) Rs. 2,40,000 (C) Rs. 2,50,000 (D) Rs. 2,60,000

Last Answer : Answer: Rs. 2,50,000

During a period 17, 500 labour hours were worked at a standard cost of Rs 6.50 per hour. The labour efficiency variance was Rs 7,800 favourable. How many standard hours were produced? (a) 1,200 (b) 16,300 (c) 17,500 (d) 18,700

Description : During a period 17, 500 labour hours were worked at a standard cost of Rs 6.50 per hour. The  labour efficiency variance was Rs 7,800 favourable. How many standard hours were produced? (a) 1,200 (b) 16,300 (c) 17,500 (d) 18,700

Last Answer : (d) 18,700

What is the annual future earnings of the AZ Ltd. using ‘Capitalization of Earning Method’? a) Rs.150 crore b) Rs.180 crore c) Rs.200 crore d) Rs.190 crore

Description : What is the annual future earnings of the AZ Ltd. using ‘Capitalization of Earning Method’? a) Rs.150 crore b) Rs.180 crore c) Rs.200 crore d) Rs.190 crore

Last Answer : c) Rs.200 crore

A high temperature waste heat recovery unit consists of recovering waste heat at temperaturesgreater than _______. a) 200 °C b) 500 °C c) 300 °C d) 400 °C

Description : A high temperature waste heat recovery unit consists of recovering waste heat at temperaturesgreater than _______. a) 200 °C b) 500 °C c) 300 °C d) 400 °C

Last Answer : 400 °C

Minimum excretory urinary volume for waste products elimination during 24 hrs is (A) 200–300 ml (B) 200–400 ml (C) 500–600 ml (D) 800 ml

Description : Minimum excretory urinary volume for waste products elimination during 24 hrs is (A) 200–300 ml (B) 200–400 ml (C) 500–600 ml (D) 800 ml

Last Answer : Answer : C

The minimum exceptional limit of income is………………. A) 250,000 B) 200,000 C) 300,000 D) 500,000

Description : The minimum exceptional limit of income is………………. A) 250,000 B) 200,000 C) 300,000 D) 500,000

Last Answer : C) 300,000

If minimum Rs.1000 is not deposited in Sukanya Samriddhi Account in a financial year, account will become discontinued and can be revived with a penalty of _______ per year. A. Rs.50 B. Rs.100 C. Rs.25 D. Rs.75 E. Rs.125

Description : If minimum Rs.1000 is not deposited in Sukanya Samriddhi Account in a financial year, account will become discontinued and can be revived with a penalty of _______ per year. A. Rs.50 B. Rs.100 C. Rs.25 D. Rs.75 E. Rs.125

Last Answer : A. Rs.50 Explanation: In Sukanya Samriddhi Account, if minimum Rs 1000/- is not deposited in a financial year, account will become discontinued and can be revived with a penalty of Rs 50/- per year with minimum amount required for deposit for that year.

The ratio of the monthly salaries of A and B is in the ratio 15 : 16 and that of B and C is in the ratio 17 : 18. Find the monthly income of C if the total of their monthly salary is Rs 1,87,450. A) Rs 66,240 B) Rs 72,100 C) Rs 62,200 D) Rs 65,800 E) Rs 60,300

Description : The ratio of the monthly salaries of A and B is in the ratio 15 : 16 and that of B and C is in the ratio 17 : 18. Find the monthly income of C if the total of their monthly salary is Rs 1,87,450. A) Rs 66,240 B) Rs 72,100 C) Rs 62,200 D) Rs 65,800 E) Rs 60,300

Last Answer : Answer: A A/B = 15/16 and B/C = 17*18 So A : B : C = 15*17 : 16*17 : 16*18 = 255 : 272 : 288 So C’s salary = [288/(255+272+288)] * 1,87,450= Rs 66,240

If total expenditure of company B in 2009 and 2010 was Rs.270 crore, what was total income of that company in both the same years? a) Rs.121.5 cr. b) Rs.135 cr. c) Rs.140 cr. d) Data inadequate e) None of these

Description : If total expenditure of company B in 2009 and 2010 was Rs.270 crore, what was total income of that company in both the same years? a) Rs.121.5 cr. b) Rs.135 cr. c) Rs.140 cr. d) Data inadequate e) None of these

Last Answer : e) None of these

Insensible loss of body water of normal adult is about (A) 50–100 ml (B) 100–200 ml (C) 300–500 ml (D) 600–1000 ml

Description : Insensible loss of body water of normal adult is about (A) 50–100 ml (B) 100–200 ml (C) 300–500 ml (D) 600–1000 ml

Last Answer : Answer : D

Normal serum glucagons level in fasting state varies between (A) 0-–10 pg/ml (B) 20–100 pg/ml (C) 200–300 pg/ml (D) 400–500 pg/ml

Description : Normal serum glucagons level in fasting state varies between (A) 0-–10 pg/ml (B) 20–100 pg/ml (C) 200–300 pg/ml (D) 400–500 pg/ml

Last Answer : Answer : B

In glycinuria daily urinary excretion of glycine ranges from (A) 100–200 mg (B) 300–500 mg (C) 600–1000 mg (D) 1100–1400 mg

Description : In glycinuria daily urinary excretion of glycine ranges from (A) 100–200 mg (B) 300–500 mg (C) 600–1000 mg (D) 1100–1400 mg

Last Answer : Answer : C

In glycoproteins the carbohydrate is in the form of disaccharide units, the number of units are (A) 50–100 (B) 200–300 (C) 400–500 (D) 600–700

Description : In glycoproteins the carbohydrate is in the form of disaccharide units, the number of units are (A) 50–100 (B) 200–300 (C) 400–500 (D) 600–700

Last Answer : Answer : D

The total glycogen content of the body is about ______ gms. (A) 100 (B) 200 (C) 300 (D) 500

Description : The total glycogen content of the body is about ______ gms. (A) 100 (B) 200 (C) 300 (D) 500

Last Answer : C

Amylose contains glucose units (A) 100–200 (B) 200–300 (C) 300–400 (D) 500–600

Description : Amylose contains glucose units (A) 100–200 (B) 200–300 (C) 300–400 (D) 500–600

Last Answer : C

What is the range of tempering temperature (°C) for most of the materials? (A) 75-100 (B) 200-300 (C) 350-450 (D) 500-600

Description : What is the range of tempering temperature (°C) for most of the materials? (A) 75-100 (B) 200-300 (C) 350-450 (D) 500-600

Last Answer : (B) 200-300

The grade of concrete not recommended by I.S. : 456, is (A) M 100 (B) M 200 (C) M 300 (D) M 500

Description : The grade of concrete not recommended by I.S. : 456, is (A) M 100 (B) M 200 (C) M 300 (D) M 500

Last Answer : (D) M 500

What is the range of the visible light cure beam: A. 100-120 nm B. 200-300 nm C. 400-430 nm D. 470 nm or 450-500 nm

Description : What is the range of the visible light cure beam: A. 100-120 nm B. 200-300 nm C. 400-430 nm D. 470 nm or 450-500 nm

Last Answer : D. 470 nm or 450-500 nm

Free board given in septic tank is about (a) 100 mm (b) 200 mm (c) 300 mm* (d) 500 mm

Description : Free board given in septic tank is about (a) 100 mm (b) 200 mm (c) 300 mm* (d) 500 mm

Last Answer : (c) 300 mm*

Alfa Company Limited acquired the business of M/s Bharat Traders. The valuation of the items acquired was-building Rs. 1,20,000; machinery Rs. 80,000 and stock-in-trade Rs. 30,000. The company issued in lieu of the above items 800, 10% debentures of Rs. 100 each at par and 15,000 equity shares of Rs. 10 each. How much was the flow of funds in the above transaction ? (A) Rs. 2,30,000 (B) Rs. 1,00,000 (C) Rs. 50,000 (D) Rs. 30,000

Description : Alfa Company Limited acquired the business of M/s Bharat Traders. The valuation of the items acquired was-building Rs. 1,20,000; machinery Rs. 80,000 and stock-in-trade Rs. 30,000. The company issued in lieu of the above items 800, ... ) Rs. 2,30,000 (B) Rs. 1,00,000 (C) Rs. 50,000 (D) Rs. 30,000

Last Answer : Answer: Rs. 30,000

Payments bank of the postal department will have how much corpus at the beginning? A) Rs 900 crore B) Rs 600 crore C) Rs 1000 crore D) Rs 800 crore E) Rs 700 crore

Description : Payments bank of the postal department will have how much corpus at the beginning? A) Rs 900 crore B) Rs 600 crore C) Rs 1000 crore D) Rs 800 crore E) Rs 700 crore

Last Answer : D) Rs 800 crore Explanation: The payments bank of eth department will be functional by March 2017. It is one of the 11 applicants which got in principle approval to set up payments bank in the country.

How much amount is going to be disbursed by banks under Pradhan Mantri Mudra Yojana in FY‟17? A) Rs 2.80 lakh crore B) Rs 1.50 lakh crore C) Rs 1.80 lakh crore D) Rs 1.30 lakh crore E) Rs 1.20 lakh crore

Description : How much amount is going to be disbursed by banks under Pradhan Mantri Mudra Yojana in FY‟17? A) Rs 2.80 lakh crore B) Rs 1.50 lakh crore C) Rs 1.80 lakh crore D) Rs 1.30 lakh crore E) Rs 1.20 lakh crore

Last Answer : C) Rs 1.80 lakh crore Explanation: Having met the target last year, banks are expected to disburse Rs 1.80 lakh crore loans under the Pradhan Mantri Mudra Yojana (PMMY) in the current fiscal, ... Sinha said today. Last year, 3.5 crore beneficiaries availed Rs 1.22 lakh crore loans under PMMY.

Reserve Bank announced the cap under Market Stabilisation Scheme (MSS) which has been fixed at Rs 30,000 crore for the current fiscal. MSS was launched in the year A) 2001 B) 2006 C) 2005 D) 2004 E) None of these

Description : Reserve Bank announced the cap under Market Stabilisation Scheme (MSS) which has been fixed at Rs 30,000 crore for the current fiscal. MSS was launched in the year A) 2001 B) 2006 C) 2005 D) 2004 E) None of these

Last Answer : D) 2004 Explanation: The scheme was launched in 2004.Under this scheme securities are issued with the objective of providing the RBI with a stock of securities with which it can intervene in the market for managing liquidity. These securities are issued not to meet the government‘s expenditure.

RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms? A) Syndicate Bank B) United Bank of India C) Indian Overseas Bank D) UCO Bank E) Vijaya Bank

Description : RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms? A) Syndicate Bank B) United Bank of India C) Indian Overseas Bank D) UCO Bank E) Vijaya Bank

Last Answer : D) UCO Bank Explanation: Reserve Bank of India has told state-run Uco Bank to pay Rs 1 crore penalty for flouting bill discounting norms which allowed current account holders siphon out funds.