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

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
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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.
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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.

1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50'. What number is missing? -Riddles

Description : 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50'. What number is missing? -Riddles

Last Answer : 22

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

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.

In 165 litres of mixtures of milk and water, water is only 28%. The milkman sold 40 litres of this mixture and then he added 30 litres of pure milk and 13 litres of pure water in the remaining mixture. What is the percentage of water in the final mixture? 1) 29.35% 2) 28. 57% 3) 24. 57% 4) 27. 75% 5) 26. 57%

Description : In 165 litres of mixtures of milk and water, water is only 28%. The milkman sold 40 litres of this mixture and then he added 30 litres of pure milk and 13 litres of pure water in the remaining mixture. What is the percentage ... mixture? 1) 29.35% 2) 28. 57% 3) 24. 57% 4) 27. 75% 5) 26. 57%

Last Answer : 2) 28. 57%

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

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.

The mean monthly temperature and rainfall of a station are given below: Month Temperature ºC Rainfall mm January 24 2 February 25 1 March 27 0 April 29 3 May 30 16 June 29 520 July 28 709 August 27 419 September 27 297 October 28 88 November 28 21 December 26 2 Yearly 27 2078 The above said data relate to which of following cities? [CDS 2004] (a) Ahmedabad (b) Bangalore (c) Mumbai (d) Vadodara

Description : The mean monthly temperature and rainfall of a station are given below: Month Temperature ºC Rainfall mm January 24 2 February 25 1 March 27 0 April 29 3 May 30 16 June 29 520 July 28 709 August 27 419 ... to which of following cities? [CDS 2004] (a) Ahmedabad (b) Bangalore (c) Mumbai (d) Vadodara

Last Answer : Ans: (c)

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.

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

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.

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.

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.

What is the purpose of KYC in banking? A. It is used for customer identification B. It is used for increasing the CRR of banks C. It is used against money laundering D. It is used by the central bank to control liquidity E. Both (A) and (C)

Description : What is the purpose of KYC in banking? A. It is used for customer identification B. It is used for increasing the CRR of banks C. It is used against money laundering D. It is used by the central bank to control liquidity E. Both (A) and (C)

Last Answer : E. Both (A) and (C) Explanation: Know your customer (KYC) is the process of a business verifying the identity of its clients. Know your customer policies are becoming much more important globally to prevent identity theft, financial fraud, money laundering and terrorist financing.

What solve which of these numbers is prime is it a. 25 or b. 26 c. 27 d. 28 e. 29?

Description : What solve which of these numbers is prime is it a. 25 or b. 26 c. 27 d. 28 e. 29?

Last Answer : It is e: 29

Area of a rectangle is equal to the area of circle whose radius is 14 cms. If the breadth of the rectangle is 22 cms. What is its length? a) 27 cms b) 28 cms c) 25 cms. d) 29 cms e) None of these

Description : Area of a rectangle is equal to the area of circle whose radius is 14 cms. If the breadth of the rectangle is 22 cms. What is its length? a) 27 cms b) 28 cms c) 25 cms. d) 29 cms e) None of these

Last Answer : According to question, l×b = ¶r2 l ×22 = 22/7 ×14 × 14 l = 22/7 ×14 × 14/22 cms = 28 cms. Answer: b)

The optimum temperature for sugarcane is (a) 21-27 °C (b) 14-29 °C (c) 25-30 °C (d) 28-34 °C

Description : The optimum temperature for sugarcane is (a) 21-27 °C (b) 14-29 °C (c) 25-30 °C (d) 28-34 °C

Last Answer : (b) 14-29 °C

Under which Article of the Constitution can an individual move to the Supreme Court directly in case of any violation of Fundamental Rights? (1) Article 32 (2) Article 28 (3) Article 29 (4) Article 31

Description : Under which Article of the Constitution can an individual move to the Supreme Court directly in case of any violation of Fundamental Rights? (1) Article 32 (2) Article 28 (3) Article 29 (4) Article 31

Last Answer : (1) Article 32 Explanation: Right to constitutional remedies under Article 32 of the Indian Constitution empowers the citizens to move a court of law in case of any denial of the fundamental ... issue various kinds of writs such as habeas corpus, mandamus, prohibition, quo warranto and certiorari.

The ratio of the ages of Bala and Babu is 13: 11. The total of their ages is 3.6decades. The proportion of their ages after 0.95decades will be [1 Decade = 10 years] a) 24:23 b) 12:11 c) 27:24 d) 29:26

Description : The ratio of the ages of Bala and Babu is 13: 11. The total of their ages is 3.6decades. The proportion of their ages after 0.95decades will be [1 Decade = 10 years] a) 24:23 b) 12:11 c) 27:24 d) 29:26

Last Answer : D Let, Bala’s age = 13A and babu’s age = 11A Then 13A + 11A = 36 A = 1.5 Bala’s age = 19.5years and Babu’s age = 16.5 years Proportion of their ages after 9.5 is = (19.5+9.5) : (16.5 + 9.5) = 29 : 26

On selling 25 balls at Rs. 1015, there is a profit equal to the cost price of 10 balls. What is the cost price of a ball? a) Rs. 31 b) Rs. 29 c) Rs. 35 d) Rs. 27 e) Rs. 39

Description : On selling 25 balls at Rs. 1015, there is a profit equal to the cost price of 10 balls. What is the cost price of a ball? a) Rs. 31 b) Rs. 29 c) Rs. 35 d) Rs. 27 e) Rs. 39

Last Answer : b Profit = (S.P of 25 balls) - (C.P of 25 balls) = 1015 - (C.P of 25 balls) Given that Profit = (C.P of 10 balls) => 1015 - (C.P of 25 balls) = (C.P of 10 balls) => (C.P of 25 balls) + (C.P of 10 balls) = 1015 => C.P of 35 balls = 1015 => C.P of 1 ball=1015 / 35 = Rs. 29

A man plays 100 games with cards. He gets Rs.5 if he wins and pays Rs.2 if he loses. If he wins Rs.3 on the whole, in how many games did he win? a) 25 b) 28 c) 29 d) 32 e) None of these

Description : A man plays 100 games with cards. He gets Rs.5 if he wins and pays Rs.2 if he loses. If he wins Rs.3 on the whole, in how many games did he win? a) 25 b) 28 c) 29 d) 32 e) None of these

Last Answer : Suppose he wins the first game and loses the second. Then his gain =Rs 5- Rs 2 = Rs 3 out of remaining 98 games, amount won =amount lost =>Games won : Games lost 2 : 5 In last 98 Games, he wins =2/7 × 98 =28 games =>Total games he won =28 + 1 =29 Answer: c)

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.

Banks are required to maintain SLR under_____ A. Section 24 of the Banking Regulation Act B. Section 35 of the Negotiable Instrument Act, 1881 C. Section 24 of RBI Act D. Section 40 of Indian Contract Act, 1872 E. None of the Above

Description : Banks are required to maintain SLR under_____ A. Section 24 of the Banking Regulation Act B. Section 35 of the Negotiable Instrument Act, 1881 C. Section 24 of RBI Act D. Section 40 of Indian Contract Act, 1872 E. None of the Above

Last Answer : A. Section 24 of the Banking Regulation Act Explanation: SLR is governed by the provisions of Section 24 of the Banking Regulation Act. There is no minimum stipulation on SLR (earlier there used to ... with an amendment to the Banking Regulation Act in 2007). However, SLR can not exceed 40%.

The “in-principle” approval for setting up „small finance banks‟ granted by RBI will be valid for ______ A. 12 Months B. 24 Months C. 10 Months D. 18 Months E. None of the Above.

Description : The “in-principle” approval for setting up „small finance banks‟ granted by RBI will be valid for ______ A. 12 Months B. 24 Months C. 10 Months D. 18 Months E. None of the Above.

Last Answer : D. 18 Months Explanation: The ―in-principle‖ approval granted will be valid for 18 months to enable the applicants to comply with the requirements under the Guidelines and fulfil other conditions as may be stipulated by the RBI.

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.

What is the average domestic investment in the year 2014? (You are not expected to calculate the exact value? a) Rs.2814.28 Crore b) Rs.2519.75 Crore c) Rs.2234.82 Crore d) Rs.3151.51 Crore e) Rs.3329.79 Crore

Description : What is the average domestic investment in the year 2014? (You are not expected to calculate the exact value? a) Rs.2814.28 Crore b) Rs.2519.75 Crore c) Rs.2234.82 Crore d) Rs.3151.51 Crore e) Rs.3329.79 Crore

Last Answer : a) Rs.2814.28 Crore

Harish buys petrol at rs 21, Rs.24 and Rs.27 per litre for 3 successive years. What approximately is the average cost per litre of petrol if he spends Rs.12000 each year? A) 23.74 B) 54.76 C) 24.66 D) 28.99

Description : Harish buys petrol at rs 21, Rs.24 and Rs.27 per litre for 3 successive years. What approximately is the average cost per litre of petrol if he spends Rs.12000 each year? A) 23.74 B) 54.76 C) 24.66 D) 28.99

Last Answer : A)  Total quantity of petrol consumed in 3 yr = (12000/21 +12000/24+12000/27) =12000(1/2 + 1/24 + 1/27) =12000(72+63+56/1512) =12000(191/1512) =(2292000/1512)litres Total amount spent = rs(3 *12000) = Rs.36000 Average cost = Rs(36000*1512/2292000) =Rs.23.74

Sec 4,5,12,13,15,16.24.27 & 28 of RTI act come into force at once, ad the remaining provisions of this act shall come into for on a) 15 Jun 2005 b) 12 Oct 2005 c) The one hundred and twentieth day of its enactment d) Above B&C

Description : Sec 4,5,12,13,15,16.24.27 & 28 of RTI act come into force at once, ad the remaining  provisions of this act shall come into for on a) 15 Jun 2005 b) 12 Oct 2005 c) The one hundred and twentieth day of its enactment d) Above B&C

Last Answer : d) Above B&C

Scheduled banks are required to keep cash reserve with RBI, interms of _______ A. Section 24 of the Banking Regulation Act, 1949 B. Section 20 of the Banking Regulation Act, 1949 C. Section 42(i) of the RBI Act, 1934 D. Section 42 of Negotiable Instruments Act

Description : Scheduled banks are required to keep cash reserve with RBI, interms of _______ A. Section 24 of the Banking Regulation Act, 1949 B. Section 20 of the Banking Regulation Act, 1949 C. Section 42(i) of the RBI Act, 1934 D. Section 42 of Negotiable Instruments Act

Last Answer : C. Section 42(i) of the RBI Act, 1934 Explanation: Every bank included in the Second Schedule shall maintain with the Bank an average daily balance the amount.

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).

RBI can inspect the branches of Banks under _______ of the Banking Regulation Act, 1949 A. Section 35 B. Section 25 C. Section 15 D. Section 30 E. None of the Above

Description : RBI can inspect the branches of Banks under _______ of the Banking Regulation Act, 1949 A. Section 35 B. Section 25 C. Section 15 D. Section 30 E. None of the Above

Last Answer : A. Section 35 Explanation: RBI can inspect the branches of Banks under section 35 of the Banking Regulation Act, 1949

Two trains are running at 40 km/hr and 20 km/hr respectively in the same direction. Fast train completely passes a man sitting in the slower train in 5 seconds. What is the length of the fast train? A.27 7/9 m B.28 m C.29 m D.30 2/7 m E.None of these

Description : Two trains are running at 40 km/hr and 20 km/hr respectively in the same direction. Fast train completely passes a man sitting in the slower train in 5 seconds. What is the length of the fast train? A.27 7/9 m B.28 m C.29 m D.30 2/7 m E.None of these 

Last Answer : Answer – A (27 7/9 m) Explanation – When SAME direction- MINUS Relative speed = (40-20) km/hr = [20 x 5/18] m/sec = [50/9] m/sec. Length of faster train = sxt=[50/9 x 5] m = 250/9 m = 27 7/9 m.

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.

Amongst `[TiE_(6)]^(2-), [CoF_(6)]^(3-), Cu_(2)Cl_(2)` and `[NiCl_(4)]^(2-)` [Atomic no. `Ti = 22, Co = 27, Cu = 29, Ni = 28`] the colourless species

Description : Amongst `[TiE_(6)]^(2-), [CoF_(6)]^(3-), Cu_(2)Cl_(2)` and `[NiCl_(4)]^(2-)` [Atomic no. `Ti = 22, Co = 27, Cu = 29, Ni = 28`] the colourless species

Last Answer : Amongst `[TiE_(6)]^(2-), [CoF_(6)]^(3-), Cu_(2)Cl_(2)` and `[NiCl_(4)]^(2-)` [Atomic no. `Ti = 22, ... (2)Cl_(2)` D. `TiF_(6)^(2-) and Cu_(2)Cl_(2)`

How many subjects are kept under the jurisdiction of panchayats in the eleven schedule of the Constitution? (1) 27 (2) 28 (3) 29 (4) 30

Description : How many subjects are kept under the jurisdiction of panchayats in the eleven schedule of the Constitution? (1) 27 (2) 28 (3) 29 (4) 30

Last Answer : (3) 29 Explanation: There are 29 subjects kept under the jurisdiction of Panchayats in the XI schedule of the constitution.

How many states are there in the Indian Union? (1) 27 (2) 28 (3) 30 (4) 29

Description : How many states are there in the Indian Union? (1) 27 (2) 28 (3) 30 (4) 29

Last Answer : (4) 29 Explanation: India is a federal union of states comprising twenty-nine states and seven union territories. Telangana split from Andhra Pradesh to become the newest 29th — State of India on 2nd June 2014 with Hyderabad as the shared capital.

For the open drain (N = 0.025) shown in the below figure, the discharge is A. 26.88 cumecs B. 27.88 cumecs C. 28.88 cumecs D. 29.88 cumecs

Description : For the open drain (N = 0.025) shown in the below figure, the discharge is A. 26.88 cumecs B. 27.88 cumecs C. 28.88 cumecs D. 29.88 cumecs

Last Answer : ANS: C

The point (-1,2) divides the line segment joining the points A(2,5) and B(x,y) in the ratio 3:4, then the value of x2 + y2 is : (a) 27 (b) 28 (c) 29 (d) 30

Description : The point (-1,2) divides the line segment joining the points A(2,5) and B(x,y) in the ratio 3:4, then the value of x2 + y2 is : (a) 27 (b) 28 (c) 29 (d) 30

Last Answer : (c) 29

Till now how many Olympic Games have been organized? (a) 22 (b) 27 (c) 28 (d) 29

Description : Till now how many Olympic Games have been organized? (a) 22 (b) 27 (c) 28 (d) 29

Last Answer : (d) 29

P is 6 years older than Q who is twice as old as R. If the total of the ages of P, Q and R be 81, the how old is Q? a) 27 b) 28 c) 29 d) 30

Description : P is 6 years older than Q who is twice as old as R. If the total of the ages of P, Q and R be 81, the how old is Q? a) 27 b) 28 c) 29 d) 30

Last Answer : D Let R's age be x years. Then, Q's age = 2x years. P's age = (2x + 6) years. (2x + 6) + 2x + x = 81 5x = 75=> x =15. Hence, Q's age = 2x = 30 years

3. S produces and sells one product, P, for which the data are as follows: Selling price Rs 28 Variable cost Rs 16 Fixed cost Rs 4 The fixed costs are based on a budgeted production and sales level of 25,000 units for the next period(a) 10.1% decrease (b) 11.2% decrease (c) 13.3% decrease (d) 16.0% decrea

Description : 3. S produces and sells one product, P, for which the data are as follows: Selling price Rs 28 Variable cost Rs 16 Fixed cost Rs 4 The fixed costs are based on a budgeted production and sales level of 25 ... period(a) 10.1% decrease (b) 11.2% decrease (c) 13.3% decrease (d) 16.0% decrease

Last Answer : (a) 10.1% decrease

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.

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

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 .

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 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.

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.

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.

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.

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.

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.

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

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.

Find the power of a wave given that the RMS value of E and H are 6 and 4.5 respectively. a) 24 b) 27 c) 29 d) 32

Description : Find the power of a wave given that the RMS value of E and H are 6 and 4.5 respectively. a) 24 b) 27 c) 29 d) 32

Last Answer : b) 27