81
In which year LIC was established?
A)
1948
B)
1956
C)
1964
D)
1972
Answer & Solution
Answer: Option
B
82
Assets which has remained NPA for a period less than or equal to 12 months is called as:
A)
Substandard Assets
B)
Loss Assets
C)
Doubtful Assets
D)
None of these
Answer & Solution
Answer: Option
A
83
In order to encourage investment in the country, the RBI may
A)
reduce CRR
B)
increase CRR
C)
sell securities in the open market
D)
increase bank rate
Answer & Solution
Answer: Option
A
84
Uncertain events are broadly classified as:
A)
predictable and unpredictable
B)
possible and impossible
C)
natural and artificial
D)
rare and continuous
Answer & Solution
Answer: Option
A
85
The Unit Trust of India (UTI) came into existence in
A)
1960
B)
1964
C)
1968
D)
1972
Answer & Solution
Answer: Option
B
86
The powers of the Board of Directors to borrow from the bank are mentioned in
A)
Article of Association
B)
Memorandum of Association
C)
Special Resolution
D)
Both A and B
Answer & Solution
Answer: Option
B
87
Which of the following is not true about Immediate Payment Service (IMPS)?
A)
IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones
B)
The facility is provided by National Payments Corporation of India through its existing NFS switch
C)
Internet Banking Account facilitates IMPS to transfer money to any account
D)
To use IMPS, both the account holder and beneficiary needs to have Mobile Money Identifier (MMID)
Answer & Solution
Answer: Option
D
88
Money which performs the functions as medium of exchange is called-
A)
commodity money
B)
accounting money
C)
real money
D)
none of the above
Answer & Solution
Answer: Option
C
89
Match the following.
List-I List-II
a. Reserve Bank of India
1. 1975
b. Nationalisation of 14 major commercial banks
2. 1935
c. Nationalisation of 6 commercial banks
3. 1969
d. Regional Rural Banks
4. 1980
A)
a-1, b-3, c-2, d-4
B)
a-3, b-2, c-4, d-1
C)
a-4, b-3, c-1, d-2
D)
a-2, b-3, c-4, d-1
Answer & Solution
Answer: Option
D
90
Which one of the following statement is incorrect?
A)
ATMs are part of virtual banking
B)
A smart card is also known as Integrated Circuit Card (ICC)
C)
Credit card is a way to 'pay now', a debit card is a way to 'pay later'
D)
Debit cards are known as check cards
Answer & Solution
Answer: Option
C
