ISBT Awareness for all banking PO,Clerk,IBPS PO,Railway,SSC,IAS,OAS Exams

As per the news appeared in some major newspapers India is number two in getting 'PE'. What is the full form of 'PE' as used in the financial world ?
1) Professional and Eco-friendly 2) Profitable Equity
3) Profitable and Economical 4) Private and Economical
5)Private Equity
Answer : Private Equity
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Which of the following is a type of tax levied by the Govt. on goods and services ?
1) SAT 2) NET
3) PAN 4) VAT
5)None of these
Answer : VAT
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Which of the following is known as Plastic money ?
A) Demand Draft B) Credit Card    C) Debit Card

1) Only A 2) Only B
3) Only C 4) Both B and C
5)All A, B and C
Answer : Both B and C
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Which among the following terms is NOT associated with banking sector ?  
1) Syndication 2) Sub-prime
3) Prime Meridian 4) Corporate finance
5)Sub-standard assets
Answer : Prime Meridian
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Which institutions are associated with the regulation of finance-related activities in India ?
5)None of these
Answer : FMC
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Which Acts enables banks to reduce their non-performing assets (NPAs) by adopting measures for recovery or reconstruction ?   
1) SARFAESI Act 2) State Bank of India Act
3) RBI Act 4) Banking Regulation Act
5)None of these
Answer : SARFAESI Act
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At present, how many Regional Rural Banks (RRBs) are there in India ?
1) 56 2) 75
3) 84 4) 124
5)None of these
Answer : 56
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Which institutions are formally known as the World Bank?
1) International Bank for Reconstruction and Development (IBRD) 2) Asian Development Fund (ADB)
3) International Monetary Fund (IMF) 4) World Trade Organisation (WTO)
5)None of these
Answer : International Bank for Reconstruction and Development (IBRD)
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What is base rate ?
1) Interest charged by the RBI from PSBs on advances 2) Interest rate payable on fixed deposits
3) Interest rate payable on demand deposits 4) Minimum interest rate fixed by banks below which they generally do not lend
5)None of these
Answer : Minimum interest rate fixed by banks below which they generally do not lend
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Which public sector non-banking entity is in the process of setting up around 3,000 of its own ATMs and 1.35 lakh micro-ATMs at its branches spread all across the country ?
1) LIC 2) Indian Railways
3) IRCTC 4) India Post
5)None of these
Answer : India Post
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