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.
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.
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.
Description : The newest private sector bank, Bandhan Bank has announced that it targets 180 new branches by March 2017. Who is the MD and CEO of Bandhan Bank? A) Vikram Limaye B) Rajiv B. Lall C) Chandra Shekhar Ghosh D) Narain Chand E) None of these
Last Answer : C) Chandra Shekhar Ghosh Explanation: Bandhan Bank plans to open 180 new branches by March next year with an aim to build a pan India brand. It is headquartered at Kolkata.
Description : Which of the following banks is ready to acquire Microfinance Grama Vidiyal? A) Bandhan Bank B) Yes Bank C) Axis Bank D) Kotak Mahindra Bank E) IDFC Bank
Last Answer : E) IDFC Bank Explanation: Private sector lender IDFC Bank announced the acquisition of Tamil Nadu-based Grama Vidiyal Microfinance that will help it widen the reach.
Description : Which of the following is the slogan of Bandhan Bank? A. Hum Hai na B. Aapka Bhala, Sabki Bhalai C. Aao Sochein Bada D. Both (A) and (C) E. None of the Above
Last Answer : B. Aapka Bhala, Sabki Bhalai Explanation: Aapka Bhala, Sabki Bhalai is the slogan of Bandhan Bank.
Description : Which of the following is/are the loan product(s) of Bandhan Bank? A. Agri loan B. MSME loan C. Retail loan D. Both (A) and (C) E. All of the Above
Last Answer : E. All of the Above Explanation: Products of Bandhan Bank includes Agri loan, MSME loan, Retail loan and Micro loan.
Description : Bandhan Bank is headquartered in _______ A. Mumbai B. Kolkata C. Chennai D. Bangalore E. None of the Above
Last Answer : B. Kolkata Explanation: Bandhan Bank is headquartered in Kolkata.
Description : Which is the first bank to be set up in eastern part of India after Independence? A. UCO Bank B. Allahabad Bank C. United Bank of India D. Bandhan Bank E. None of the Above
Last Answer : D. Bandhan Bank Explanation: Kolkata-headquartered Bandhan Bank is the first bank to be set up in eastern part of India after Independence.
Description : Who among the following inaugurates Bandhan Bank as full-fledged scheduled commercial bank? A. Narendra Modi B. Rajnath Singh C. Santosh Gangwar D. Arun Jaitley E. None of the Above
Last Answer : D. Arun Jaitley Explanation: Union Finance Minister Arun Jaitley officially inaugurated the bank in Kolkata. Initially it opened with 501 branches across India.
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.
Description : Fee for filing complaints before National commission above 1 crore is a) 5000 rupees b) 2500 rupees c) 4000 rupees d) 2000 rupees
Last Answer : a) 5000 rupees
Description : Fee for filing complaints before state commission above 50 lac and up to 1 crore is a) 5000 rupees b) 2500 rupees c) 4000 rupees d) 2000 rupees
Last Answer : c) 4000 rupees
Description : RBI has eased norms in cheque dishonour cases of Rs ______ and above. A) 50 lakh B) 1 crore C) 1 lakh D) 10 crore E) 5 crore
Last Answer : B) 1 crore Explanation: Relaxing chequebook norms, the Reserve Bank today left it to the lender s discretion on whether to issue fresh chequebooks or not in cases of dishonour of Rs 1 crore and ... valuing Rs 1 crore and above on four occasions during a financial year for want of sufficient funds.
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.
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.
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.
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.
Description : The Reserve Bank of India imposed how much penalty on Bank of Baroda in the alleged Rs 6000 crore forex related irregularities that came to light in October last year? A) Rs 5 crore B) Rs 7 crore C) Rs 5.5 crore D) Rs 6.2 crore E) Rs 6 crore
Last Answer : A) Rs 5 crore Explanation: The RBI carried out an inspection after Rs 6,100 crore import remittances were effected by Bank of Baroda‘s Ashok Vihar branch in New Delhi.
Description : The Reserve Bank of India will transfer how much surplus to the government for FY‟16 as dividend? A) Rs 68876 crore B) Rs 65885 crore C) Rs 75876 crore D) Rs 65876 crore E) Rs 65776 crore
Last Answer : D) Rs 65876 crore Explanation: The Reserve Bank of India will Rs 65876 crore as surplus transfer to the government for FY 16, Rs 20 crore less that previous year s Rs 65896 crore, a central ... surplus approved by the Reserve Bank of India board could be used to fund the centre s fiscal deficit .
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.
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%).
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.
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
Description : Do you think Senate Bill 1070 is justified?
Last Answer : Are you refering to Arizona SB1070? The anti-illegal immigration bill that requires registration of any non-US citizen after 30 days in this country? Was the PEI WEI restaurant hiring illegal immigrants? Before answering this question, I would like more information.
Description : The Kush Empire was established in 1070 BCE and fell around 350 CE. According to the timeline, the empire's reign took place during which two eras?
Last Answer : The era of the Neolithic Revolution and early civilization and the classical era
Description : Would you prefer a GTX 2060 or GTX 1070 TI?
Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want
Description : Should I buy a GTX 1070 now or wait for Volta?
Description : If in 2000 nominal GDP is = `70000 Crore and the prices in 2000 were 40% more than the real GDP in 2000 using 1996 as a base year is (a) `45,000 Crore ; (b) `50,000 Crore ; (c) `42,000 Crore ; (d) `98000 Crore
Last Answer : (b) `50,000 Crore ;
Description : Appointment of full time Company Secretary is compulsory in all those companies, whose paidup share capital is– (A) Rs. 50 lakhs or more (B) Rs. 1 crore or more (C) Rs. 2 crores or more (D) Rs. 3 crores of more
Last Answer : Answer: Rs. 2 crores or more
Description : SFC is prohibited from granting financial assistance to any company whose aggregate paid up capital exceed__________. A. 1 crore. B. 1.5 crores. C. 2 crores. D. 2.5 crores.
Last Answer : A. 1 crore.
Description : Ratan has Rs.2500 worth of shares. If he had 500 shares, the face value of each share is ______.
Last Answer : Ratan has Rs.2500 worth of shares. If he had 500 shares, the face value of each share is ______.
Description : Commercial available medium size machines have a speed range of ______ . (a) 200 to 400 r.p.m. (b) 600 to 1000 r.p.m. (c) 1000 to 1500 r.p.m. (d) 2000 to 2500 r.p.m.
Last Answer : (d) 2000 to 2500 r.p.m.
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.
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.
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.
Description : RBI has imposed how much fine on 13 banks for violation of FEMA and lapses in know your client (KYC) rules? A) Rs 24 crore B) Rs 25 crore C) Rs 27 crore D) Rs 28 crore E) Rs 29 crore
Last Answer : C) Rs 27 crore Explanation: The Reserve Bank of India has come down hard on 13 banks and fined them for Rs 27 crore for violation of FEMA and lapses in know your client (KYC) rules.
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.
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.
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.
Description : According to RBI guidelines the term „bulk deposit‟ is used for single rupee term deposit of ________ A. Rs. 1 crore and above B. Rs, 25 lakh and above C. Rs, 75 lakh and above D. Rs, 50 lakh and above E. Rs, 15 lakh and above
Last Answer : A. Rs. 1 crore and above Explanation: Bulk Deposit means single Rupee term deposits of 1 Crore and 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.
Description : 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
Last Answer : 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.
Description : Why was 16th October 1905 observed as Raksha Bandhan Day? -SST 10th
Last Answer : 16th October 1905 was observed as Raksha Bandhan Day because it signified brotherhood between people of East and West Bengal.
Description : To whom does Nazrul dedicate the novel 'Bandhan Hara' ?
Last Answer : Nazrul Nalinikanta dedicated the novel 'Bandhan Hara' to the government.
Description : The Bandhan Express is an international passenger Train which runs between the India and Which country? A. Bangladesh B. Nepal C. China D. Bhutan
Last Answer : A [Bangladesh] Explanation: The Bandhan Express is an international passenger train which runs between the Indian city of Kolkata and the Bangladeshi city of Khulna every week.
Description : Current gain of a transistor which has collector current of 10 mA and a base current of 40 micro Ampere is: (a) 25 (b) 250 (c) 2500 (d) 25000
Last Answer : b) 250
Description : The total dose of chloroquine (base) for treatment of an episode of malarial fever in a nonimmune adult is: A. 1000 mg B. 1500 mg C. 2000 mg D. 2500 mg
Last Answer : B. 1500 mg
Description : ______ is the first layer of software loaded into computer memory when it starts up. A. Device Drivers B. Language translators C. System Utilities D. Operating system
Last Answer : D. Operating system