ISBT Awareness for all banking PO,Clerk,IBPS PO,Railway,SSC,IAS,OAS Exams
Who headed the committee on revamping the public-private-partnership (PPP) model in India which recently submitted its report to the Union Govt.?
|1)|| Bimal Jalan
||2)|| Nachiket Mor
|3)|| Rajiv Mehrishi
||4)|| Vijay Kelkar
|5)||None of these |
Answer : Vijay Kelkar
What is the main objective of Pradhan Mantri Micro Units Development Refinance Agency (MUDRA) that was launched in 2015 ?
|1)|| To encourage big infrastructure projects
||2)|| To encourage small and medium enterprises
|3)|| To encourage small banks
||4)|| To encourage social and cultural activities
|5)||None of the above|
Answer : To encourage small and medium enterprises
Which of the following statement is not correct about the aim of the Nationalization of banks ?
|1)|| Provision of adequate credit for agriculture, SME & exports
||2)|| Removal of control by a few capitalists
|3)|| Provision of credit to big industries only
||4)|| Access of banking to masses
|5)||Encouragement of a new class of entrepreneurs|
Answer : Provision of credit to big industries only
A cheque returned for insufficiency of funds. Payee will have right to issue notice and approach court of law for justice under section 138 of which act ?
|1)|| Indian Penal Code
||2)|| Negotiable Instrument Act
|3)|| Criminal Procedure Code
||4)|| Payment and Settlement Act
|5)||Indian Contract Act|
Answer : Negotiable Instrument Act
Base Rate is the rate below which no Bank can lend their funds. Who sets up this â€˜Base Rateâ€™ for Banks ?
|1)|| Individuals Banks Board
||2)|| Ministry of Commerce
|3)|| Ministry of Finance
|5)||Interest Rate Commission of India|
Answer : Individuals Banks Board
As we read in the newspaper, the term CDR , a banker talks about. What does it stands for ?
|1)|| Corporate Debt Restructuring
||2)|| Corporate Debt Rollover
|3)|| Company Debt Rollover
||4)|| Corporate Deposit Restructuring
|5)||Company Deposit Restructuring|
Answer : Corporate Debt Restructuring
Which of the following is the best expression about financial inclusion ?
|1)|| To provide a permanent employment to the unemployed
||2)|| To provide a 100 days job to all those who are in need of a job
|3)|| To provide banking services to all those living in remote areas
||4)|| To ensure that all financial transactions amounting Rs. 15,000/- and above are done through banks.
|5)||To provide finances for all|
Answer : To provide banking services to all those living in remote areas
The formal or institutional credit delivery system in rural India comprises which of the following ?
(A) Cooperative Credit Institutions.
(B) Commercial Banks.
(C) Self-Help Groups
|1)|| Only (A) &(B)
||2)|| Only (C) & (D)
|3)|| All (A), (B), (C) & (D)
||4)|| Only (A), (B) & (C)
|5)||None of these.|
Answer : Only (A), (B) & (C)
Which of the following services provided by a bank in India is not liable for Service Tax as per existing laws ?
|1)|| Safe Deposit Lockers
||2)|| Merchant Banking Services
|3)|| Credit Cards
||4)|| Discount earned on certain discounted bills
|5)||None of these|
Answer : Credit Cards
Which of the following cannot be called a Debt Instrument as referred in financial transactions ?
|1)|| Certificate of Deposits
|3)|| Commercial Papers
Answer : Stocks