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1 . |
Which among the following will settle the grievances of customers of banks? |
A). State Bank of India |
B). Banking Ombudsmen | C). Local Courts |
D). Nationalised Banks |
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Answer & Explanation
Answer : Option
B
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Explanation : |
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The Banking Ombudsman, promoted by
RBI provides speedy solutions to the
grievances faced by the customers from
various banks. |
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2 . |
What was the targeted growth rate for 2012-17 in the 12th Five Y ear Plan? |
A). 8% |
B). 10-11% | C). 9.6% |
D). 9.5-9.75% |
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Answer & Explanation
Answer : Option
A
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Explanation : |
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T argated Growth rate is 8% in 12$^{th}$ Five
year plan |
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3 . |
Gilt - Edged market means------- |
A). Bull market |
B). Gun market | C). Market of Government securities |
D). Market of pure metal |
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Answer & Explanation
Answer : Option
C
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Explanation : |
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Gilt - Edged market means Market of
Government Securities. |
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4 . |
Many times we have read about ULIP in newspapers. ULIP stands for ________. |
A). United Loaded Investment Plan |
B). Universal Loan Investment Plan | C). Unit Life Insurance Plan |
D). Unit Linked Insurance Plan |
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Answer & Explanation
Answer : Option
D
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Explanation : |
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Aunit-linked insurance plan (ULIP) is a
type of life insurance where the cash value
of a policy varies according to the current
net asset value of the underlying
investment assets. |
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5 . |
Devaluation of currency results in ____ |
A). Increased export and import |
B). Trade deficit | C). Increased export and improvement in balance of payment |
D). Increased import and foreign reserve deficiency |
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Answer & Explanation
Answer : Option
C
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Explanation : |
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Currency devaluation takes place when
one country's currency is reduced in value
in comparison to other currencies. |
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6 . |
The Govt. of India replaced the FERA by _______ |
A). FEMA |
B). FRBMA | C). Monopolies Act |
D). FRTP |
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7 . |
Banking which involves mobilizing large part of the deposits in risk free assets such as government
securities is called _______ |
A). Overseas Banking |
B). Offshore Banking | C). Islamic Banking |
D). Narrow Banking |
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Answer & Explanation
Answer : Option
D
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Explanation : |
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Narrow Banking restrict banks to hold
liquid and safe government bonds |
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8 . |
What is the full form of REER? |
A). Real Earning Emergent Ratio |
B). Real Elective Effective Ratio | C). Real Effective Exchange Rate |
D). Role Effective Earned Rate |
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Answer & Explanation
Answer : Option
C
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Explanation : |
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This exchange rate is used to determine an
individual country's currency value relative
to the other major currencies in the index,
as adjusted for the effects of inflation. |
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9 . |
Consider the following statements and state which of them are true?
A. The planning commission's 40 members steering committee on Health will advise panel on
the twelfth five year plan.
B. The 40 member committee on Health is chaired by Syeda Hameed.
C. The steering committee will review the National Health Policy , as well as explore the possibility
of adopting the Right to Health as an approach with focus on women, children & preventive &
curative healthcare. |
A). Only B |
B). Only C | C). A and C |
D). All are true |
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10 . |
IRDA announced a Health Insurance Policy Portability . This will be implemented from _______ |
A). 1 April, 2011 |
B). 1 August, 2011 | C). 1 September, 2011
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D). 1 July , 2011 |
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Answer & Explanation
Answer : Option
D
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Explanation : |
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IRDA allows portability shifting of policies
from one insurer to another on same terms
from July 1, 201 1. |
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