In case of failed ATM transactions, if the amount is not credited to customer‟s account within 7 working days from the date of receipt of the complaint. Banks have to pay compensation at the rate of Rs.________ per day. A. 150 B. 200 C. 100 D. 10 E. 50

In case of failed ATM transactions, if the amount is not credited to customer‟s account within 7 working days from the date of receipt of the complaint. Banks have to pay compensation at the rate of Rs.________ per day. A. 150 B. 200 C. 100 D. 10 E. 50
by

1 Answer

Answer :

C. 100 Explanation: Reconciliation of failed transactions at ATMs – For any failure to re-credit the customer‘s account within 7 working days from the date of receipt of the complaint, the bank will pay compensation of Rs.100/-, per day, to the aggrieved customer.
by
selected

Related questions

XYZ Ltd. issued 10,000 shares of Rs. 100 each at Rs. 120 per share with Rs. 25 on application, Rs. 45 on allotment including premium, Rs. 20 on first call and Rs. 30 on final call. Govind who held 200 shares did not pay any call money and his shares were forfeited. What is the amount to be credited to Share Forfeiture Account on forfeiture ? (A) Rs. 14,000 (B) Rs. 10,000 (C) Rs. 9,000 (D) Rs. 4,000

Description : XYZ Ltd. issued 10,000 shares of Rs. 100 each at Rs. 120 per share with Rs. 25 on application, Rs. 45 on allotment including premium, Rs. 20 on first call and Rs. 30 on final call. Govind who held 200 shares did not pay ... forfeiture ? (A) Rs. 14,000 (B) Rs. 10,000 (C) Rs. 9,000 (D) Rs. 4,000

Last Answer : Answer: Rs. 10,000

Every complaint shall be heard as expeditiously as possible and endeavour shall be made to decide the complaint within a period of ____from the date of receipt of notice by opposite party where the complaint does not require analysis or testing of commodities and within____, if it requires analysis or testing of commodities. a) 3 Months, 5 months b) 45 days, 90 days c) 30 days, 90 days d) None of these

Description : Every complaint shall be heard as expeditiously as possible and endeavour shall be  made to decide the complaint within a period of ____from the date of receipt of notice by  opposite party where the complaint does not require ... 5 months b) 45 days, 90 days c) 30 days, 90 days d) None of these

Last Answer : a) 3 Months, 5 months

In case the depositor not made any transaction in PPF account. a) Rs 50/- will be collected for the one financial year b) Rs 100/- will be collected for no transaction was made for two financial year in shape of cash and credited into UCR c) Condone default is called to the defaulted deposit d) All the above

Description : In case the depositor not made any transaction in PPF account. a) Rs 50/- will be collected for the one financial year b) Rs 100/- will be collected for no transaction was made for two financial ... of cash and credited into UCR c) Condone default is called to the defaulted deposit d) All the above

Last Answer : d) All the above

Jurisdiction of State commission is a) Complaint where the value of the goods or services and compensation, if any claimed exceeds Rs 20 Lac b) Complaint where the value of the goods or services and compensation, if anyclaimed up to 1 crorec) Appeals against the orders of any district forum within the stated) Complaint where the value of the goods or services and compensation, if anyclaimed exceeds Rs 20 Lac but does not exceed one croree) C& D only

Description : Jurisdiction of State commission is a) Complaint where the value of the goods or services and compensation, if any claimed exceeds Rs 20 Lac b) Complaint where the value of the goods or services and compensation ... , if any claimed exceeds Rs 20 Lac but does not exceed one crore e) C& D only

Last Answer : e) C& D only

The amount of coproporphyrins excreted per day in feces is about (A) 10–50 µgs (B) 100–150 µgs (C) 200–250 µgs (D) 300–1000 µgs

Description : The amount of coproporphyrins excreted per day in feces is about (A) 10–50 µgs (B) 100–150 µgs (C) 200–250 µgs (D) 300–1000 µgs

Last Answer : Answer : D

Payment banks can accept a restricted deposit which is currently limited to _______ per customer account. A. Rs.1 lakh B. Rs.3 lakh C. Rs.2 lakh D. Rs.5 lakh E. None of the Above

Description : Payment banks can accept a restricted deposit which is currently limited to _______ per customer account. A. Rs.1 lakh B. Rs.3 lakh C. Rs.2 lakh D. Rs.5 lakh E. None of the Above

Last Answer : A. Rs.1 lakh Explanation: Payment banks can accept a restricted deposit which is currently limited to Rs. 1 lakh per customer account.

The credit terms offered to a customer by a business firm are 2/10, n/30, which means that a. the customer must pay the bill within 10 days. b. the customer can deduct a 2% discount if the bill is paid between the 10th and 30th day from the invoice date. c. the customer can deduct a 2% discount if the bill is paid within 10 days of the invoice date. d. two sales returns can be made within 10 days of the invoice date and no returns thereafter.

Description : The credit terms offered to a customer by a business firm are 2/10, n/30, which means that a. the customer must pay the bill within 10 days. b. the customer can deduct a 2% discount if the ... date. d. two sales returns can be made within 10 days of the invoice date and no returns thereafter.

Last Answer : c. the customer can deduct a 2% discount if the bill is paid within 10 days of the invoice date.

If transactions not made by the cardholder appear on the statement of account the card holder should dispute them with the card issuing Bank within how many days of the transaction date?

Description : If transactions not made by the cardholder appear on the statement of account the card holder should dispute them with the card issuing Bank within how many days of the transaction date?

Last Answer : 30

Jurisdiction of National commission is a) Complaint where the value of the goods or services and compensation, if any claimed does not exceeds Rs 5 crore b) Complaint where the value of the goods or services and compensation, if any claimed up to 1 crore c) Appeals against the orders of any state commission d) Complaint where the value of the goods or services and compensation, if any claimed exceeds Rs 1 crore e) C& D only

Description : Jurisdiction of National commission is a) Complaint where the value of the goods or services and compensation, if any claimed does not exceeds Rs 5 crore b) Complaint where the value of the goods or ... the goods or services and compensation, if any claimed exceeds Rs 1 crore e) C& D only

Last Answer : e) C& D only

On return of the carrier to the HO ________ should be examine the dairy or book of the carrier to see that a receipt for the remittance has been obtained by him and initial it with date in token of having carried out the examination. a) Head Postmaster b) Sub account assistant c) Treasurer d) Any senior of the branch

Description : On return of the carrier to the HO ________ should be examine the dairy or book of the carrier to see that a receipt for the remittance has been obtained by him and initial it with date in ... the examination. a) Head Postmaster b) Sub account assistant c) Treasurer d) Any senior of the branch

Last Answer : c) Treasurer

A trader wants to sell a watch at 25% profit. If its cost price was Rs.x more, an extra profit of Rs.50 would be made on it. find x(in Rs.) a)100 b)125 c)150 d)200

Description : A trader wants to sell a watch at 25% profit. If its cost price was Rs.x more, an extra profit of Rs.50 would be made on it. find x(in Rs.) a)100 b)125 c)150 d)200

Last Answer : d)200

Calculate the value of closing stock18th January, 2014: 150 units (a) Rs. 765 (b) Rs. 805 (c) Rs. 786 (d) Rs. 700 from the following according to Weighted Average method: 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units @ Rs. 4.50 Issues: 2nd January, 2014: 30 units

Description : Calculate the value of closing stock from the following according to Weighted Average method: 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units ... 2014: 150 units (a) Rs. 765 (b) Rs. 805 (c) Rs. 786 (d) Rs. 700

Last Answer : (c) Rs. 786

Calculate the value of closing stock from the following according to LIFO method: 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units @ Rs. 4.50 Issues: 2nd January, 2014: 30 units 18th January, 2014: 150 units (a) Rs. 765 (b) Rs. 805 (c) Rs. 786 (d) Rs. 700

Description : Calculate the value of closing stock from the following according to LIFO method: 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units @ Rs. 4.50 ... , 2014: 150 units (a) Rs. 765 (b) Rs. 805 (c) Rs. 786 (d) Rs. 700

Last Answer : (b) Rs. 805

Calculate the value of closing stock from the following according to FIFO method: 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units @ Rs. 4.50 Issues: 2nd January, 2014: 30 units 18th January, 2014: 150 units (a) Rs. 765 (b) Rs. 805 (c) Rs. 786 (d) Rs. 700

Description : Calculate the value of closing stock from the following according to FIFO method: 1st January, 2014: Opening balance: 50 units @ Rs. 4 Receipts: 5th January, 2014: 100 units @ Rs. 5 12th January, 2014: 200 units @ Rs. 4.50 ... , 2014: 150 units (a) Rs. 765 (b) Rs. 805 (c) Rs. 786 (d) Rs. 700

Last Answer : (a) Rs. 765

The horizontal deflection of a parabolic curved beam of span 10 m and rise 3 m when loaded with a uniformly distributed load l t per horizontal length is (where Ic is the M.I. at the crown, which varies as the slope of the arch). (A) 50/EIc (B) 100/EIc (C) 150/EIc (D) 200/E

Description : The horizontal deflection of a parabolic curved beam of span 10 m and rise 3 m when loaded with  a uniformly distributed load l t per horizontal length is (where Ic  is the M.I. at the crown, which  varies as the slope ... arch).  (A) 50/EIc (B) 100/EIc (C) 150/EIc (D) 200/E

Last Answer : (D) 200/E

Payment related with Compensation for registered articles should be credited ---------- account head a. Bills Paid b. refund of article c. UCP

Description : Payment related with Compensation for registered articles should be credited ---------- account head a. Bills Paid b. refund of article c. UCP

Last Answer : c. UCP

An appeal filed before the State commission or the national commission shall be heard as expeditiously as possible and an endeavour shall be made to finally dispose of the appeal within the period of a) 90 days from the date of admission b) 60 days from the date of admission c) 30 days from the date of admission d) 90 days from the date of admission the complaint

Description : An appeal filed before the State commission or the national commission shall be  heard as expeditiously as possible and an endeavour shall be made to finally dispose of  the appeal within the period of a) ... 30 days from the date of admission d) 90 days from the date of admission the complaint

Last Answer : a) 90 days from the date of admission

The complaint shall ordinarily be decided within a) Twenty one days from the date on which the complaint was received b) Thirty days from the date on which the complaint was received c) Forty five days from the date on which the complaint was received d) No time limit

Description : The complaint shall ordinarily be decided within  a) Twenty one days from the date on which the complaint was received b) Thirty days from the date on which the complaint was received c) Forty five days from the date on which the complaint was received d) No time limit

Last Answer : a) Twenty one days from the date on which the complaint was received

Children education allowance is exempt up to per month per child for two children. A) Rs.100 B) Rs.150 C) Rs.200 D) Rs.250

Description : Children education allowance is exempt up to per month per child for two children. A) Rs.100 B) Rs.150 C) Rs.200 D) Rs.250

Last Answer : A) Rs.100

The first appellate authority should decide on first appeals a) Within the 30 days from the receipt of the firs appeals b) In less number of days that the PIO concerned took to take a decision on the application. c) Within 45 days from the date of receipt of the appeal , if reasons are recorded d) Both A&C

Description : The first appellate authority should decide on first appeals a) Within the 30 days from the receipt of the firs appeals b) In less number of days that the PIO concerned took to take a decision on the  ... Within 45 days from the date of receipt of the appeal , if reasons are recorded d) Both A&C

Last Answer : d) Both A&C

X Limited forfeited Ram’s 20 shares of Rs. 10 each on which Rs. 7 is called up. Ram had paid application and allotment money of Rs. 5 per share. Of these forfeited shares 15 shares were reissued to Hari as fully paid up for Rs. 6 per share. What amount should be transferred to Capital Reserve account ? (A) Rs. 15 (B) Rs. 20 (C) Rs. 75 (D) Rs. 100

Description : X Limited forfeited Ram's 20 shares of Rs. 10 each on which Rs. 7 is called up. Ram had paid application and allotment money of Rs. 5 per share. Of these forfeited shares 15 shares were reissued to Hari as fully paid up ... to Capital Reserve account ? (A) Rs. 15 (B) Rs. 20 (C) Rs. 75 (D) Rs. 100

Last Answer : Answer: Rs. 15

R. G. Ltd. purchased machinery from K.G. Company for a book value of Rs. 4,00,000. The consideration was paid by issue of 10%. Debenture of Rs. 100 each at a discount of 20%. The debenture account will be credited by– (A) Rs. 4,00,000 (B) Rs. 5,00,000 (C) Rs. 3,20,000 (D) Rs. 4,80,000

Description : R. G. Ltd. purchased machinery from K.G. Company for a book value of Rs. 4,00,000. The consideration was paid by issue of 10%. Debenture of Rs. 100 each at a discount of 20%. The debenture account will be credited by– (A) Rs. 4,00,000 (B) Rs. 5,00,000 (C) Rs. 3,20,000 (D) Rs. 4,80,000

Last Answer : Answer: Rs. 4,00,000

A thief is noticed by a policeman from a distance of 200 m. The thief starts running and the policeman chases him. The thief and the policeman run at the rate of 10 km and 11 km per hour respectively. What is the distance between them after 6 minutes? A.100 m B.150 m C.190 m D.200 m E.None of these

Description : A thief is noticed by a policeman from a distance of 200 m. The thief starts running and the policeman chases him. The thief and the policeman run at the rate of 10 km and 11 km per hour respectively. What is the distance between them after 6 minutes? A.100 m B.150 m C.190 m D.200 m E.None of these

Last Answer : Answer- A(100m) Explanation: Relative speed of the thief and policeman = (11 – 10) km/hr = 1 km/hr Distance covered in 6 minutes =[(1/60)*6] km = (1/10)km = 100 m. Distance between the thief and policeman = (200 – 100) m = 100 m.

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.

Mark the correct option related to submission of robbery report to DG Posts a) Case of highway robbery of mail involving loss of cash/valuables above Rs 50000 b) The attacks on offices by dacoits causing injury to the staff/losses over Rs50000 c) Cases of loss of damage to or tampering with ins article which the amount of compensation payable exceed Rs 10000 d) Cases of fraud and loss or misappropriation of public money exceeds Rs 50000 e) All the above

Description : Mark the correct option related to submission of robbery report to DG Posts a) Case of highway robbery of mail involving loss of cash/valuables above Rs 50000 b) The attacks on offices by dacoits ... ) Cases of fraud and loss or misappropriation of public money exceeds Rs 50000 e) All the above

Last Answer : e) All the above

The date of credit of cheque in case of RD/PPF account will be the date of a) Presentation of cheque b) Receipt of the cheque from postmaster c) Receipt of the cheque from HO d) The date clearing

Description : The date of credit of cheque in case of RD/PPF account will be the date of a) Presentation of cheque b) Receipt of the cheque from postmaster c) Receipt of the cheque from HO d) The date clearing

Last Answer : d) The date clearing

Mark the correct option relating to Senior citizens saving scheme a) An individual of the Age 60 years or more may open the account b) An individual of the age of 55 years or more but less than 60 years who has retired on superannuation or under VRS can also open account within the one month of receipt the retirement benefits and not exceed the amount of retirement benefits c) The maturity period is 5 years d) All the above

Description : Mark the correct option relating to Senior citizens saving scheme a) An individual of the Age 60 years or more may open the account b) An individual of the age of 55 years or more but less than 60 ... and not exceed the amount of retirement benefits c) The maturity period is 5 years d) All the above

Last Answer : d) All the above

If the Election Commission is satisfied that a candidate has failed to lodge an account of election expenses, within the prescribed time and in the manner, for no good reason or justification, what is the period for which the EC can disqualify him to be a member or from continuing to be a member of the elected office from the date of the order? (1) 2 years (2) 3 years (3) 4 years (4) 5 years

Description : If the Election Commission is satisfied that a candidate has failed to lodge an account of election expenses, within the prescribed time and in the manner, for no good reason or justification, what is the period for which the ... date of the order? (1) 2 years (2) 3 years (3) 4 years (4) 5 years

Last Answer : (2) 3 years Explanation: Under section 10A of the RP Act, 1951, if the Election Commission is satisfied that a person has failed to lodge an account of election expenses with the time and ... , a member of either House of Parliament or the Legislative Assembly or Legislative Council of a State.

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.

If the depletion of oxygen is found to be 5 ppm after incubating a 2.5% solution of sewage sample for 5 days at 21°C, B.O.D. of the sewage is A. 50 ppm B. 100 ppm C. 150 ppm D. 200 ppm

Description : If the depletion of oxygen is found to be 5 ppm after incubating a 2.5% solution of sewage sample for 5 days at 21°C, B.O.D. of the sewage is A. 50 ppm B. 100 ppm C. 150 ppm D. 200 ppm

Last Answer : ANS: D

Maximum number of members in case of public company is: A. 50 B. 100 C. 150 D. 200

Description : Maximum number of members in case of public company is: A. 50 B. 100 C. 150 D. 200

Last Answer : D. 200

The State Bank of India has created how much crores fund for investing in IT or Fintech startups? A) 200 B) 50 C) 100 D) 150 E) 300

Description : The State Bank of India has created how much crores fund for investing in IT or Fintech startups? A) 200 B) 50 C) 100 D) 150 E) 300

Last Answer : A) 200 Explanation: India s largest public sector lender State Bank of India has created IT innovations and startup fund and have allotted Rs 200 crore for investment in promising ... for any India registered entity for their business promotion in India using information technology for banking.

Flat rate parcel rates Flat Rate Parcel Boxes size Dimension of boxes (in mm) Weight (in Kg.) Tariff (in Rs.) Small - S 250*50*300 0 to 1 125 Medium - M 250*100*300 Above 1 to 2.5 200 Large - L 300*250*200 Above 2.5 to 5 400

Description : Flat rate parcel rates Flat Rate Parcel Boxes size Dimension of boxes (in mm) Weight (in Kg.) Tariff (in Rs.) Small - S 250*50*300 0 to 1 125 Medium - M 250*100*300 Above 1 to 2.5 200 Large - L 300*250*200 Above 2.5 to 5 400

Last Answer : Large - L 300*250*200 Above 2.5 to 5 400

Mr. X, the manager of XYZ Ltd. since 2002, was terminated by the Company on 1st Aug 2017 y paying a compensation of Rs.200 Lakhs. Such Compensation is: a) Chargeable under the Wealth tax Act 1957 b) Not Chargeable under Income Tax Act c) Chargeable u/s 17(3)(i) d) Chargeable u/s 28(ii)(a)

Description : Mr. X, the manager of XYZ Ltd. since 2002, was terminated by the Company on 1st Aug 2017 y paying a compensation of Rs.200 Lakhs. Such Compensation is: a) Chargeable under the Wealth tax Act 1957 b) Not Chargeable under Income Tax Act c) Chargeable u/s 17(3)(i) d) Chargeable u/s 28(ii)(a)

Last Answer : d) Chargeable u/s 28(ii)(a)

In NEFT, What is the charge for transactions above Rs 10,000 upto Rs.1 lakh? A. not exceeding Rs 2.50 (+ Service Tax) B. not exceeding Rs 5 (+ Service Tax) C. not exceeding Rs 15 (+ Service Tax) D. None of the Above

Description : In NEFT, What is the charge for transactions above Rs 10,000 upto Rs.1 lakh? A. not exceeding Rs 2.50 (+ Service Tax) B. not exceeding Rs 5 (+ Service Tax) C. not exceeding Rs 15 (+ Service Tax) D. None of the Above

Last Answer : B. not exceeding Rs 5 (+ Service Tax) Explanation: Outward transactions at originating bank branches – charges applicable for the remitter For transactions above Rs 10,000 up to Rs 1 lakh: not exceeding Rs 5 (+ Service Tax)

In NEFT What is the charge for transactions up to Rs 10,000? A. not exceeding Rs 2.50 (+ Service Tax) B. not exceeding Rs 5 (+ Service Tax) C. not exceeding Rs 15 (+ Service Tax) D. None of the Above

Description : In NEFT What is the charge for transactions up to Rs 10,000? A. not exceeding Rs 2.50 (+ Service Tax) B. not exceeding Rs 5 (+ Service Tax) C. not exceeding Rs 15 (+ Service Tax) D. None of the Above

Last Answer : A. not exceeding Rs 2.50 (+ Service Tax) Explanation: Outward transactions at originating bank branches – charges applicable for the remitter For transactions up to Rs 10,000 : not exceeding Rs 2.50 (+ Service Tax)

In case of loss or damage of the parcel, compensation is paid upto a maximum in EPP is a) 100/- b) 500/- c) 200/- d) 1000/

Description : In case of loss or damage of the parcel, compensation is paid upto a maximum in EPP is a) 100/- b) 500/- c) 200/- d) 1000/

Last Answer : b) 500/

Flat Rate parcel price 1Kg, 2 Kg & 5 Kg are a) 125,200 & 400 b) 100,150 & 200 c) 50,100 &150 d) None of these

Description : Flat Rate parcel price 1Kg, 2 Kg & 5 Kg are a) 125,200 & 400 b) 100,150 & 200 c) 50,100 &150 d) None of these

Last Answer : a) 125,200 & 400

A thin, flat & square plate measuring 2 m × 2 m is freely hanging in ambient air at 25°C. It is exposed to the solar radiation falling on one side of the plate at the rate of 500 W/m2. The plate temperature will remain constant at 30°C, if the convective heat transfer co-efficient is __________ W/m2 °C. (A) 50 (B) 100 (C) 150 (D) 200

Description : A thin, flat & square plate measuring 2 m 2 m is freely hanging in ambient air at 25°C. It is exposed to the solar radiation falling on one side of the plate at the rate of 500 W/m2. The plate temperature will ... heat transfer co-efficient is __________ W/m2 °C. (A) 50 (B) 100 (C) 150 (D) 200

Last Answer : (B) 100

The cost of 3 horses is same as the cost of 5 cows. If total cost of 4 horses and 6 rows is Rs.1900.Find the cost of one horse? a) Rs.50 b) Rs.150 c) Rs.200 d) Rs.250 e) None of these

Description : The cost of 3 horses is same as the cost of 5 cows. If total cost of 4 horses and 6 rows is Rs.1900.Find the cost of one horse? a) Rs.50 b) Rs.150 c) Rs.200 d) Rs.250 e) None of these

Last Answer : Ratio of cost of horse and cow = 1/3 : 1/5 =5 : 3 Let cost of horse and cow are 5x and 3x respectively: Then 4 × 5x +6 × 3x = Rs.1900 =>38x = 1900 => x = 1900/38 = Rs.50 Cost of one horse = 5 × Rs.50 = Rs.250 Answer: d)

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.

B) CaixaBank Explanation: As per the agreement, they will expand banks‘ guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local enterprises The banks will collaborate in areas of mutual interest such as syndicated loan business, guarantee transactions, trade finance and export credit agency finance, infrastructure finance and networking services, among others.

Description : B) CaixaBank Explanation: As per the agreement, they will expand banks guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local ... finance and export credit agency finance, infrastructure finance and networking services, among others.

Last Answer : Recently an Indian bank launched next generation features on its app „iMobile‟ which will enable customers to instantly pay taxes and book railway tickets within the app. Name the bank. A) Federal Bank B) Punjab National Bank C) Kotak Mahindra Bank D) ICICI Bank E) Bandhan Bank

A minimum yearly deposit of ________ is required to open and maintain a PPF account, and a maximum deposit of _____. A. Rs. 500 and Rs 1.50 lakhs B. Rs. 1000 and Rs 2.50 lakhs C. Rs. 2000 and Rs 3.50 lakhs D. Rs. 5000 and Rs 4.50 lakhs

Description : A minimum yearly deposit of ________ is required to open and maintain a PPF account, and a maximum deposit of _____. A. Rs. 500 and Rs 1.50 lakhs B. Rs. 1000 and Rs 2.50 lakhs C. Rs. 2000 and Rs 3.50 lakhs D. Rs. 5000 and Rs 4.50 lakhs

Last Answer : A. Rs. 500 and Rs 1.50 lakhs Explanation: A minimum yearly deposit of Rs. 500 is required to open and maintain a PPF account, and a maximum deposit of Rs.1.5 lakhs (as on Financial year 2015- ... Income Tax Act. The amount can be deposited in lump sum or in a maximum of 12 instalments per year.

P and Q undertake to do a piece of job for Rs.1200. P alone can do it in 12 days while Q alone can do it in 16 days. With the help of R , they finish it in 6 days. Find the share of P,Q & R. a) 400,600,200 b) 200,400,600 c) 450,400,250 d) 600,450,150

Description :  P and Q undertake to do a piece of job for Rs.1200. P alone can do it in 12 days while Q alone can do it in 16 days. With the help of R , they finish it in 6 days. Find the share of P,Q & R. a) 400,600,200 b) 200,400,600 c) 450,400,250 d) 600,450,150

Last Answer : D R;s 1 day work = 1/6 – (1/12 + 1/16) =1/6 – 1/12 – 1/16 = (8-4-3)/48 = 1/48 P:Q:R = ratio of 1 day work = 1/12:1/16 : 1/48 =4:3:1 P’s share = Rs(1200*4/8) =Rs.600 Q’s share = Rs(1200 * 3/8) =Rs.450 R’s share = Rs(1200 * 1/8) =Rs.150

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.

P started a business in 1990 by investing Rs.25,000. She invested Rs. 10,000 as additional amount in 1991 and her friend Q joined her with an amount of Rs.35,000. P invested another Rs. 10,000 in 1992 and R joined them with Rs. 35,000. At the end of these 3 years, they earned a profit of Rs. 150,000. Find Q's share? a) Rs.50,000 b) Rs.65,000 c) Rs.75,000 d) Rs.15,000

Description : P started a business in 1990 by investing Rs.25,000. She invested Rs. 10,000 as additional amount in 1991 and her friend Q joined her with an amount of Rs.35,000. P invested another Rs. 10,000 in 1992 and R joined them ... ,000. Find Q's share? a) Rs.50,000 b) Rs.65,000 c) Rs.75,000 d) Rs.15,000

Last Answer : Answer: A) P invested Rs.25,000 for 12 months, Rs.(25000 + 10000) for 12 months, , Rs.(25000 + 10000 + 10000) for 12 months. i.e., P invested Rs.25,000 for 12 months, Rs.35000 for 12 months Rs.45000 for 12 months. Q ... Q's share = Rs.(1,50,000 x 2 /(3+2+1)) = Rs.(1,50,000 x 2/6) = Rs.50,000

Capital employed is Rs.50,000 Trading Profit amounted Rs.12,200, Rs.15,000 and Rs.2000 loss for 2016, 2017 and 2018 respectively. Rate of interest is 8% and the rate of risk is 2% Remuneration from alternative employment of the proprietor is Rs.3,600 pa. Amount of Goodwill at 3 years. purchase of super Profit is A Rs.8,000 B Rs.8,800 C Rs.8,850 D Rs.9,500 ANS: Rs.8,850

Description : Capital employed is Rs.50,000 Trading Profit amounted Rs.12,200, Rs.15,000 and Rs.2000 loss for 2016, 2017 and 2018 respectively. Rate of interest is 8% and the rate of risk is 2% Remuneration from alternative employment of the ... A Rs.8,000 B Rs.8,800 C Rs.8,850 D Rs.9,500 ANS: Rs.8,850

Last Answer : A

A small dairy farm daily produces 100 kilograms of average quality buffalo milk and sells it to an organised dairy at the rate of Rs. 100 per kilogram of total solids contained in the milk. How much would be the daily gross income of the farm from the sale of milk ? (A) Between Rs. 2,000 and Rs. 2,200 (B) Between Rs. 1,250 and Rs. 1,400 (C) Between Rs. 700 and Rs. 825 (D) Between Rs. 1,000 and Rs. 1,100 (E) Between Rs. 1,650 and Rs. 1,850

Description : A small dairy farm daily produces 100 kilograms of average quality buffalo milk and sells it to an organised dairy at the rate of Rs. 100 per kilogram of total solids contained in the milk. How much would be the daily gross ... (D) Between Rs. 1,000 and Rs. 1,100 (E) Between Rs. 1,650 and Rs. 1,850

Last Answer : (B) Between Rs. 1,250 and Rs. 1,400

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.

In NEFT What is the charge for transactions above Rs 1 lakh and upto Rs.2 lakh? A. not exceeding Rs 2.50 (+ Service Tax) B. not exceeding Rs 5 (+ Service Tax) C. not exceeding Rs 15 (+ Service Tax) D. None of the Above

Description : In NEFT What is the charge for transactions above Rs 1 lakh and upto Rs.2 lakh? A. not exceeding Rs 2.50 (+ Service Tax) B. not exceeding Rs 5 (+ Service Tax) C. not exceeding Rs 15 (+ Service Tax) D. None of the Above

Last Answer : C. not exceeding Rs 15 (+ Service Tax) Explanation: Outward transactions at originating bank branches – charges applicable for the remitter For transactions above Rs 1 lakh and up to Rs 2 lakhs: not exceeding Rs 15 (+ Service Tax)