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76.  The legal relationship between a bank and its customer is a kind of I. debtor and creditor. II. principal and agent. III. pledgor and pledgee. IV. mortgagor and mortgage. Select the correct answer using the codes given below:

a

  I and II

b

 I, III and IV

c

 I, II and III

d

 I, II, III and IV

e

 I and III

Answer & Explanation
Answer : Option D
Explanation :

77.  The National Rural Employment Guarantee Act is now known by which of the following names?

a

  Rajiv Gandhi Rural Employment Guarantee Act

b

 None of these

c

 Indira Gandhi Rural Employment Guarantee Act

d

 Jawaharlal Nehru Rural Employment Guarantee Act

e

 Mahatma Gandhi Rural Employment Guarantee Act

Answer & Explanation
Answer : Option E
Explanation :

78.  Name the place where Canara Bank launched its seventh overseas branch in June 2014

a

  Leicester

b

 London

c

 Canada

d

 Shanghai

e

 New York

Answer & Explanation
Answer : Option E
Explanation :

79.  When was Ombuds Men Scheme first introduced?

a

  January 1998

b

 June 1995

c

 July 1996

d

 October 1981

e

 November 2006

Answer & Explanation
Answer : Option B
Explanation :

80.  Which of the following is/are the components of the Fiscal Deficit? I. Budgetary Deficit II. Market Borrowing III. Expenditure made from Pradhan Mantri Rahat Kosh Select the correct answer using the codes given below:

a

  Only I

b

 None of these

c

 All of these

d

 Only III

e

 Only II

Answer & Explanation
Answer : Option C
Explanation :

81.  Savings account with zero balance can be opened for

a

  employees of IT companies

b

 women customers

c

 weaker sections of society

d

 None of the above

e

 persons of high net worth

Answer & Explanation
Answer : Option C
Explanation :

82.  Land development banks provide longterm credit for schemes of basic importance to agriculture as

a

  mechanisation of agriculture i.e., loans for purposes of tractors, power tillers, threshers, etc

b

 minor irrigation purposes like wells, dug-cum-bore wells, tubewells, pump sets and irrigation tanks

c

 All

d

 Both A and B

e

 land reclamation, soil conservation, plantation of fruit orchards, dairy development schemes etc involving heavy expenditure

Answer & Explanation
Answer : Option C
Explanation :

83.  Which of the following is the Central Bank of the country?

a

  RRB

b

 RBI

c

 None of these

d

 NABARD

e

 SBI

Answer & Explanation
Answer : Option B
Explanation :

84.  Many times we read a term CBS used in banking operation. What is the full form of the letter 'C' in the term 'CBS'?

a

  Credit

b

 Complete

c

 Core

d

 None of these

e

 Continuous

Answer & Explanation
Answer : Option C
Explanation :

85.  Consider the following statements in regard to money market in India: (1) It is a market for short-term and longterm funds with maturity ranging from overnight to one year. (2) It acts as an instrument of liquidity adjustment for the Central Bank. (3) It is a market for only long term funds. Which of the statements given above is/are correct?

a

  only 3

b

 1 only

c

 None of these

d

 Both 1 and 2

e

 2 only

Answer & Explanation
Answer : Option E
Explanation :

86.  Which of the following agencies/ organisations has decided to make major changes for ULIPs?

a

  None of these

b

 FRBI

c

 AMFI

d

 IRDA

e

 RBI

Answer & Explanation
Answer : Option D
Explanation :

87.  On July 12, 1982, the ARDC was merged into

a

  RBI

b

 None of these

c

 NABARD

d

 HDFC Bank

e

 EXIM Bank

Answer & Explanation
Answer : Option C
Explanation :

88.  Which one of the following whose activities are not systematically coordinated by the monetary authority? I. Organised sector II. Unorganised sector III. Co-operative sector Select the correct answer using the codes given below

a

  Only II

b

 I and III

c

 II and III

d

 Only III

e

 Only I

Answer & Explanation
Answer : Option A
Explanation :

89.  The total authorised capital of RRBs was originally fixed at Rs. 1 crore which has since been raised to

a

  Rs. 10 crore

b

 Rs. 5 crore

c

 Rs. 2 crore

d

 Rs. 3 crore

e

 Rs. 7 crore

Answer & Explanation
Answer : Option D
Explanation :

90.  What is Gross Domestic Product?

a

  It is the market value of all final goods and services made in the country

b

 None of the above

c

 It is the cost of services made within the borders of a country in a year

d

 It is the market value of all final goods and services made within the borders of a country in a year

e

 It is the cost of production of all final goods and services made in the country

Answer & Explanation
Answer : Option D
Explanation :
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