Which of the following is known as “Demat” account? A. Account in which shares are held in electronic form B. other than those given as options C. Account allowed to be operated by guardian of minor D. Account operated by business correspondents in rural centres. E. Account opened with zero balance

Which of the following is known as “Demat” account? A. Account in which shares are held in electronic form B. other than those given as options C. Account allowed to be operated by guardian of minor D. Account operated by business correspondents in rural centres. E. Account opened with zero balance  
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A. Account in which shares are held in electronic form Explanation: A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker).
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Which one of the following statements is false ? (A) A ‘Demat Share’ is held by the depository on behalf of the investor whereas a ‘Physical Share’ is held by the investor himself (B) There is no stamp duty on the transfer of ‘Demat Shares’ from one account to another (C) The ‘Demat Share’ does not have a folio number, distinctive number or certificate number like a ‘Physical Share’ (D) The ‘Demat Share’ cannot be converted into a ‘Physical Share’

Description : Which one of the following statements is false ? (A) A Demat Share' is held by the depository on behalf of the investor whereas a Physical Share' is held by the investor himself (B) There is no ... number like a Physical Share' (D) The Demat Share' cannot be converted into a Physical Share'

Last Answer : Answer: The ‘Demat Share’ cannot be converted into a ‘Physical Share’

How many saving accounts can be opened by a guardian on behalf of a minor? a) Only one account can be opened on behalf of one minor by one guardian i.e either mother or father b) Only two account can be opened on behalf of one minor by both the father and mother c) No min limit d) None of these

Description : How many saving accounts can be opened by a guardian on behalf of a minor? a) Only one account can be opened on behalf of one minor by one guardian i.e either mother or father b) Only two account can be opened on behalf of one minor by both the father and mother c) No min limit d) None of these

Last Answer : a) Only one account can be opened on behalf of one minor by one guardian i.e either mother or father

Mark the correct option a) A pensioner of any central or state Govt whom dept of post has signed an agreement for disbursement of pension can open either single or joint with spouse account. b) Sanchayika accounts can be opened in the name of the principal/teacher and two students not less than 10 year of age c) Minor account can be opened by a person under the law in force from time to time as guardian when father and mother both are not alive d) All the above

Description : Mark the correct option a) A pensioner of any central or state Govt whom dept of post has signed an agreement for disbursement of pension can open either single or joint with spouse account. b) ... from time to time as guardian when father and mother both are not alive d) All the above

Last Answer : d) All the above

Balance in a current account is classified as ________ A. Hybrid Deposit B. Term Deposit C. Demand Deposit D. Flexi Deposit E. other than those given as options

Description : Balance in a current account is classified as ________ A. Hybrid Deposit B. Term Deposit C. Demand Deposit D. Flexi Deposit E. other than those given as options

Last Answer : C. Demand Deposit Explanation: Current accounts form a large portion of demand deposits of a bank. It can be opened by Individuals, Business entities (firms, company), Institutions, Government bodies / departments, Societies, Liquidators, Receivers, and Trusts.

An account which remains in operative for an extended period of time is referred as ________ A. DEMAT Account B. Dormant Account C. Nominal Account D. Deposit Account

Description : An account which remains in operative for an extended period of time is referred as ________ A. DEMAT Account B. Dormant Account C. Nominal Account D. Deposit Account

Last Answer : B. Dormant Account Explanation: When there has been no financial activity for a long period of time, other than posting of interest, an account can be classified as dormant.

Mark the incorrect option a) Single account can be converted into Joint and Vice versa b) Minor after attaining majority has to apply for conversion of the account in his name c) If minor attaining majority the account can be closed by guardian d) None of these

Description : Mark the incorrect option a) Single account can be converted into Joint and Vice versa b) Minor after attaining majority has to apply for conversion of the account in his name c) If minor attaining majority the account can be closed by guardian d) None of these

Last Answer : c) If minor attaining majority the account can be closed by guardian

Maximum loan amount to individuals against security shares can be _____ A. 20 lakh B. 15 lakh C. 25 lakh D. 50 lakh E. other than those given as options

Description : Maximum loan amount to individuals against security shares can be _____ A. 20 lakh B. 15 lakh C. 25 lakh D. 50 lakh E. other than those given as options

Last Answer : A. 20 lakh Explanation: Loans/ advances granted to individuals against the security of shares, debentures and PSU bonds should not exceed Rs.10 lakh and Rs.20 lakh, if the securities are held in physical form and dematerialized form respectively.

Reserve Bank of India has granted in principle approval to the common service Centres to act as which operating unit to make bill payments in rural? A) Bharat Bill Payment B) National Bill Payment C) Non Banking Financial D) Mobile Banking Payment E) None of these

Description : Reserve Bank of India has granted in principle approval to the common service Centres to act as which operating unit to make bill payments in rural? A) Bharat Bill Payment B) National Bill Payment C) Non Banking Financial D) Mobile Banking Payment E) None of these

Last Answer : A) Bharat Bill Payment Explanation: Reserve Bank of India has granted in-principle nod to the common service centres RBI (CSCs) as Bharat Bill Payment Operating Unit to make bill payments at centres in rural bands.

PPF account can be opened a) only one single b) One minor account on behalf of the minor c) A only d) Both the A and B Ans:d 97. Mark the correct option

Description : PPF account can be opened a) only one single b) One minor account on behalf of the minor c) A only d) Both the A and B And B

Last Answer : d) Both the A and B

PPF account can be opened by a) An individual adult can on his own name b) An individual on behalf of minor c) Both the A & B d) None of these

Description : PPF account can be opened by a) An individual adult can on his own name b) An individual on behalf of minor c) Both the A & B d) None of these

Last Answer : c) Both the A & B

Payment on death of depositor a) The deposit shall be paid to nominee b) In case nominee is the minor the deposit shall paid to person appointed to receive c) Where no such person is authorized, to the guardian of the minor for the use of minor. d) Where the deposit is payable to two or more nominees and either or any of them is dead, the deposit shall be paid to the surviving nominees or nominees. e) All the above

Description : Payment on death of depositor a) The deposit shall be paid to nominee b) In case nominee is the minor the deposit shall paid to person appointed to receive c) Where no such person is authorized, to ... them is dead, the deposit shall be paid to the surviving nominees or nominees. e) All the above

Last Answer : e) All the above

When subscriber dies while in service and nominee is minor Then who will collect due amount from GPF ? a. minor b natural guardian of minor c None of these

Description : When subscriber dies while in service and nominee is minor Then who will collect due amount from GPF ? a. minor b natural guardian of minor c None of these

Last Answer : b natural guardian of minor

A minor was facing a criminal prosecution for smuggling drugs. He borrowed Rs. 5000 to hire an advocate to defend him in the court of law. What is the remedy available to the creditor if the minor does not return the money on his own? A. The creditor cannot recover the amount from the minor since a contract with a minor is void ab initio B. The amount of loan can be recovered from minor’s property since it is a loan for necessaries C. The creditor can recover his amount of loan from the minor on his (minor’s) attaining the age of majority D. The creditor can recover his amount from the parent or guardian of the minor

Description : A minor was facing a criminal prosecution for smuggling drugs. He borrowed Rs. 5000 to hire an advocate to defend him in the court of law. What is the remedy available to the creditor if the ... the age of majority D. The creditor can recover his amount from the parent or guardian of the minor

Last Answer : A. The creditor cannot recover the amount from the minor since a contract with a minor is void ab initio

The urbanisation process accounts for the wind in the urban centres during nights to remain : (A) faster than that in rural areas (B) slower than that in rural areas (C) the same as that in rural areas (D) cooler than that in rural areas

Description : The urbanisation process accounts for the wind in the urban centres during nights to remain : (A) faster than that in rural areas (B) slower than that in rural areas (C) the same as that in rural areas (D) cooler than that in rural areas 

Last Answer : (B) slower than that in rural areas

5% bonus on initial deposit of MIS account allowed an account opened between a) 08 Dec 2007 to 30 Nov 2011 b) 13 Feb 2006 to 30 Nov 2011 c) Before 13 Feb 2006 d) None of these

Description : 5% bonus on initial deposit of MIS account allowed an account opened between a) 08 Dec 2007 to 30 Nov 2011 b) 13 Feb 2006 to 30 Nov 2011 c) Before 13 Feb 2006 d) None of these

Last Answer : a) 08 Dec 2007 to 30 Nov 2011

Mark the correct option MIS account opened on or after 01 Apr 12 a) The rate of interest shall be 8.5 % per annum payable monthly. b) No withdrawal will be allowed before expiry of maturity period 5 years c) No bonus shall be payable d) All the above

Description : Mark the correct option MIS account opened on or after 01 Apr 12 a) The rate of interest shall be 8.5 % per annum payable monthly. b) No withdrawal will be allowed before expiry of maturity period 5 years c) No bonus shall be payable d) All the above

Last Answer : d) All the above

(a) Which city is known as the electronic capital of India ? Name any two major centres of electronic products. -Geography

Description : (a) Which city is known as the electronic capital of India ? Name any two major centres of electronic products. -Geography

Last Answer : (a) Bangalore is called electronic capital of India. Two other electronic products centres are Hyderabad and Pune. (b) (i) Most of the petrochemical units are in Maharashtra or Gujrat because these ... Electricals Ltd. (BHEL)-Ranipur (Haridwar) (iii) The Hindustan Machine Tools (HMT)-Bangalore.

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

Mark the correct option. In a PPF account opened on 1.2.2011: a) 1st loan can be taken on 1.4.2012 b) Loan as on 1.4.2012 shall be admissible limited to 25% balance as on 31.3.11 c) The first withdrawal shall be permissible on 01.02.2015 d) Subscriber can take second loan on 1.4.2013 without repaying earlier loan

Description : Mark the correct option. In a PPF account opened on 1.2.2011: a) 1 st loan can be taken on 1.4.2012 b) Loan as on 1.4.2012 shall be admissible limited to 25% balance as on 31.3 ... shall be permissible on 01.02.2015 d) Subscriber can take second loan on 1.4.2013 without repaying earlier loan

Last Answer : a) 1 st loan can be taken on 1.4.2012

Which of the following is wrong? (a) All real and personal accounts are transferred to balance sheet (b) Nominal accounts are transferred to P &L account (c) Each account is opened separately in ledger (d) Rent is a personal account, outstanding rent is nominal account

Description : Which of the following is wrong? (a) All real and personal accounts are transferred to balance sheet (b) Nominal accounts are transferred to P &L account (c) Each account is opened separately in ledger (d) Rent is a personal account, outstanding rent is nominal account

Last Answer : d) Rent is a personal account, outstanding rent is nominal accoun

Why does Trump skip the annual press correspondents dinners?

Description : Why does Trump skip the annual press correspondents dinners?

Last Answer : To avoid getting a custard pie smashed into his fat face.

Is anyone surprised that Trump decided to skip the annual Correspondents' dinner?

Description : Is anyone surprised that Trump decided to skip the annual Correspondents' dinner?

Last Answer : No. He was totally in his element when he was at that CPAC meeting but the Correspondents dinner would be totally OUT of that realm.

The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options

Description : The ratio of deposits to loans of a bank is known as _______ A. NPA coverage Ratio B. Return on asset ratio C. Asset Coverage ratio D. CD Ratio E. Other than those given as options

Last Answer : E. Other than those given as options Explanation: The loan to deposit ratio is used to calculate a lending institution‘s ability to cover withdrawals made by its customers.

Loans granted by a bank to an exporter popularly known as „Export credit‟ is guaranteed, in case of default,by which of the following A. EXIM Bank B. Ministry of International Trade, GOA C. ECGC D. DICGC E. Other than those given as options

Description : Loans granted by a bank to an exporter popularly known as „Export credit‟ is guaranteed, in case of default,by which of the following A. EXIM Bank B. Ministry of International Trade, GOA C. ECGC D. DICGC E. Other than those given as options

Last Answer : C. ECGC Explanation: ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce.

What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Description : What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Last Answer : D. Both A and B Explanation: One can have Term/Fixed Deposit, Recurring Deposit etc., accounts in the bank where one holds ‗Basic Savings Bank Deposit Account.

Mark the correct option a) No subsequent deposit allowed less than Rs 5 in saving account b) No withdrawal is allowed less than Rs 5 c) No withdrawal shall be permitted which has the effect reducing the balance to less than fifty in single account and less than 500 in cheque account d) All the above

Description : Mark the correct option a) No subsequent deposit allowed less than Rs 5 in saving account b) No withdrawal is allowed less than Rs 5 c) No withdrawal shall be permitted which has the effect reducing the ... to less than fifty in single account and less than 500 in cheque account d) All the above

Last Answer : d) All the above

Name the important centres of electronic industry in India. -Geography

Description : Name the important centres of electronic industry in India. -Geography

Last Answer : Electronic Industry is an important industry that covers a wide range of products including TV, Telephones, cellular Telecom, Computers, etc. India has emerged globally in this sector. Bengaluru has ... itself in this sector. They are Mumbai, Delhi, Kolkata, Pune, Chennai, Lucknow, Coimbatore.

Where are the main manufacturing centres of Electronic Industry. -SST 10th

Description : Where are the main manufacturing centres of Electronic Industry. -SST 10th

Last Answer : They are at Mumbai, Kolkata, Delhi, Bangalore, Hyderabad and Pune.

Name any two major centres of electronic products. -SST 10th

Description : Name any two major centres of electronic products. -SST 10th

Last Answer : Mumbai, Kolkata: (Entertainment) TV, BPL, Videocon, Onida, Philips, CD based system, Car audio system etc.

No experimental post office opened in rural area may be made permanent unless its total income covers its total cost plus a) 25 % of the cost b) 10 % of the cost c) 5% of the cost d) 20 % of the cost

Description : No experimental post office opened in rural area may be made permanent unless its total income covers its total cost plus a) 25 % of the cost b) 10 % of the cost c) 5% of the cost d) 20 % of the cost

Last Answer : a) 25 % of the cost

Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth A. Five years B. Four years C. Six years D. Eight years E. Ten years

Description : Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth A. Five years B. Four years C. Six years D. Eight years E. Ten years

Last Answer : E. Ten years Explanation: Sukanya Samriddhi Account can be opened up to age of 10 years only from the date of birth.

How many Basic Savings Bank Deposit Account(BSBDA) can be opened by an individual? A. One B. Two C. Three D. Four E. None of the Above

Description : How many Basic Savings Bank Deposit Account(BSBDA) can be opened by an individual? A. One B. Two C. Three D. Four E. None of the Above

Last Answer : A. One Explanation: An individual is eligible to have only one ‗Basic Savings Bank Deposit Account‘ in one bank.

……. services typically include reviewing account activity and balance, sending electronic payments -Technology

Description : ……. services typically include reviewing account activity and balance, sending electronic payments -Technology

Last Answer : (a) E-banking provides all transactional and non-transactional activities.

What are the irregularities which are required to be brought to the notice of the postmaster by the sub account assistant? a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held below the authorized balance b) When the stamps are not sold by SO c) Both the A and B d) Neither A Nor B

Description : What are the irregularities which are required to be brought to the notice of the postmaster by the sub account assistant? a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held ... b) When the stamps are not sold by SO c) Both the A and B d) Neither A Nor B

Last Answer : a) When the amount held in cash by a SO exceeds the authorized max balance and cash is held below the authorized balance

You are given a set of scales and 12 marbles. The scales are of the old balance variety. That is, a small dish hangs from each end of a rod that is balanced in the middle. The device enables you to conclude either that the contents of the dishes weight the same or that the dish that falls lower has heavier contents than the other. The 12 marbles appear to be identical. In fact, 11 of them are identical, and one is of a different weight. Your task is to identify the unusual marble and discard it. You are allowed to use the scales three times if you wish, but no more. Note that the unusual marble may be heavier or lighter than the others. You are asked to both identify it and determine whether it is heavy or light -Riddles

Description : You are given a set of scales and 12 marbles. The scales are of the old balance variety. That is, a small dish hangs from each end of a rod that is balanced in the middle. The device enables ... than the others. You are asked to both identify it and determine whether it is heavy or light -Riddles

Last Answer : Most people seem to think that the thing to do is weight six coins against six coins, but if you think about it, this would yield you no information concerning the whereabouts of the only different coin. ... . The heavier one is the different coin. If they balance, then 2 is a different light coin.

The record of all economic transactions between the residents of a country and the rest of the world in a particular period is known as _______ A. Balance in Current Account B. Balance in Capital Account C. Trade Settlements D. Balance of Trade E. Balance of Payments

Description : The record of all economic transactions between the residents of a country and the rest of the world in a particular period is known as _______ A. Balance in Current Account B. Balance in Capital Account C. Trade Settlements D. Balance of Trade E. Balance of Payments

Last Answer : E. Balance of Payments Explanation: The balance of payments (BOP) is the method countries use to monitor all international monetary transactions at a specific period of time.A record of all transactions made between one particular country and all other countries during a specific time period.

In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers? A. Retail Banking B. Universal Banking C. Virtual Banking D. Unit Banking E. other than those given as options

Description : In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers? A. Retail Banking B. Universal Banking C. Virtual Banking D. Unit Banking E. other than those given as options

Last Answer : A. Retail Banking Explanation: Retail banking also known as Consumer Banking is the provision of services by a bank to individual consumers, rather than to companies, corporations or other ... include savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards.

The Foreign exchange of India is kept with _________ A. SBI B. ECGC C. RBI D. NABARD E. other than those given as options

Description : The Foreign exchange of India is kept with _________ A. SBI B. ECGC C. RBI D. NABARD E. other than those given as options

Last Answer : C. RBI Explanation: Reserve Bank of India accumulates foreign currency reserves by purchasing from authorized dealers in open market operations. Foreign exchange reserves of India act as a cushion against rupee ... Currency Assets (b) Gold (c) SDRs (d) Reserve Tranche Position in the IMF.

Bank Holidays are covered by which of the following? A. As per the order of the GOI B. As per the order of the IBA C. Negotiable Instruments Act D. RBI Act E. Other than those given as options

Description : Bank Holidays are covered by which of the following? A. As per the order of the GOI B. As per the order of the IBA C. Negotiable Instruments Act D. RBI Act E. Other than those given as options

Last Answer : C. Negotiable Instruments Act Explanation: Bank Holidays are declared by Central/State Governments/ Union Territory under the Negotiable Instruments (NI) Act, 1881.

Who amongst the following is the regulator in the financial system of the country? A. Other than those given as options B. SEBI C. CRISIL D. TRAN E. CERC

Description : Who amongst the following is the regulator in the financial system of the country? A. Other than those given as options B. SEBI C. CRISIL D. TRAN E. CERC

Last Answer : B. SEBI Explanation: The financial system in India is regulated by independent regulators in the field of banking, insurance, capital market, commodities market, and pension funds. Example of Financial Regulators: RBI, IRDAI, SEBI, PFRDA.

Which account is opened by a trader in Bank for his business operation?

Description : Which account is opened by a trader in Bank for his business operation?

Last Answer : Which account is opened by a trader in Bank for his business operation?

1 Started business with cash ₹ 30,000.  2 Opened a current account with the bank and deposited ₹ 9,000. 

Description : 1 Started business with cash ₹ 30,000.  2 Opened a current account with the bank and deposited ₹ 9,000. 

Last Answer : Enter the following transaction in a cash book with cash and bank columns for the month of April 2019 : ... from the bank for office use ₹ 1,000.

The following are true about lymphocytes: a. T cells account for 20% of the circulating lymphocytes b. in the spleen, B cells are found in the periarteriolar areas of white pulp c. in the lymph nodes, T cells occupy the paracortical area surrounding the germinal centres. d. B cells but not T cells express surface Ig G

Description : The following are true about lymphocytes: a. T cells account for 20% of the circulating lymphocytes b. in the spleen, B cells are found in the periarteriolar areas of white pulp c. in the ... paracortical area surrounding the germinal centres. d. B cells but not T cells express surface Ig G

Last Answer : in the lymph nodes, T cells occupy the paracortical area surrounding the germinal centres

Appetite and satiety centres of brain an present it Options: A) Hypothalamus B) Cerebral hemisphere C) Cerebellum D) Medulla oblongata

Description : Appetite and satiety centres of brain an present it Options: A) Hypothalamus B) Cerebral hemisphere C) Cerebellum D) Medulla oblongata 

Last Answer : C) Cerebellum

The simplest method of controlling the terminal voltage of compound-wound DC generator is with a _____________. A. hand-operated field rheostat connected in series with the shunt field circuit B. separate exciter in a series with the shunt field C. carbon pile regulator in series with the load D. balance coil diverting neutral current through the shunt field

Description : The simplest method of controlling the terminal voltage of compound-wound DC generator is with a _____________. A. hand-operated field rheostat connected in series with the shunt field circuit B. ... in series with the load D. balance coil diverting neutral current through the shunt field

Last Answer : Answer: A

A second order liquid phase reaction, A → B, is carried out in a mixed flow reactor operated in semi batch mode (no exit stream). The reactant A at concentration CAF is fed to the reactor at a volumetric flow rate of F. The volume of the reacting mixture is V and the density of the liquid mixture is constant. The mass balance for A is (A) d(VCA )/dt = -F (CAF - CA ) - kCA 2V (B) d(VCA )/dt = F (CAF - CA ) - kCA 2V (C) d(VCA )/dt = -FCA - kCA 2V (D) d(VCA )/dt = FCAF - kCA 2V

Description : A second order liquid phase reaction, A → B, is carried out in a mixed flow reactor operated in semi batch mode (no exit stream). The reactant A at concentration CAF is fed to the reactor at a volumetric flow rate of F. The volume ... 2V (C) d(VCA )/dt = -FCA - kCA 2V (D) d(VCA )/dt = FCAF - kCA 2V

Last Answer : (D) d(VCA )/dt = FCAF - kCA 2V

A double rule applied to accounts in the ledger during the closing process implies that a. the account is an income statement account. b. the account is a balance sheet account. c. the account balance is not zero. d. a mistake has been made, since double ruling is prescribed.

Description : A double rule applied to accounts in the ledger during the closing process implies that a. the account is an income statement account. b. the account is a balance sheet account. c. the account balance is not zero. d. a mistake has been made, since double ruling is prescribed.

Last Answer : a. the account is an income statement account.

A post-closing trial balance will show a. only permanent account balances. b. only temporary account balances. c. zero balances for all accounts. d. the amount of net income (or loss) for the period.

Description : A post-closing trial balance will show a. only permanent account balances. b. only temporary account balances. c. zero balances for all accounts. d. the amount of net income (or loss) for the period.

Last Answer : a. only permanent account balances.