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991.  Money Laundering normally involves

a

  integration of funds

b

 layering of funds

c

 placement of funds

d

 All

e

 None

Answer & Explanation
Answer : Option D
Explanation :

992.  Which of the following schemes is launched specifically for helping senior citizens to avail loan by mortgage of their residential property?

a

  None of the above

b

 Senior Citizen Personal Loan Scheme

c

 English Mortgage Scheme

d

 Reverse Mortgage Loan Scheme

e

 Senior Capital Loan Scheme

Answer & Explanation
Answer : Option D
Explanation :

993.  Consider the following statements: 1. The Reserve Bank of India (RBI) on 2 April 2014 granted in-principle approvals to IDFC Ltd and Bandhan Financial Services Pvt. Ltd to start new banks in India. 2. These approvals have been granted under the guidelines on licensing of new banks in the public sector. 3. The two have been granted the permission to set-up banks from a field of 25 aspirants. Which of the statements given above is/are correct?

a

  1, 2 and 3

b

 None of these

c

 1 and 3 only

d

 1 only

e

 1 and 2 only

Answer & Explanation
Answer : Option C
Explanation :

994.  Which of the following is not a function of the Reserve Bank of India?

a

  Supervisory and control function

b

 Fiscal policy functions

c

 Insurance, exchange and destruction of currency notes

d

 Monetary authority functions

e

 Exchange control functions

Answer & Explanation
Answer : Option B
Explanation :

995.  Which of the following constitutes a significant portion of banks' lending portfolios?

a

  None of these

b

 Money laundering

c

 Consumer finance

d

 Foreign Exchange

e

 Credit finance

Answer & Explanation
Answer : Option C
Explanation :

996.  Which of the following organization is made specifically responsible for empowering Micro, Small and Medium enterprises in India?

a

  RBI

b

 NABARD

c

 E C G C

d

 SIDBI

e

 SEBI

Answer & Explanation
Answer : Option D
Explanation :

997.  Which of the following financial product are NOT much popular in India as they have been launched only recently?

a

  Mutual funds

b

 Development Bonds

c

 All are very popular products in India.

d

 Insurance Policies

e

 Sovereign Wealth Funds

Answer & Explanation
Answer : Option E
Explanation :

998.  Which of the following states became the first state in the country to launch RBI,s e-payment system for commercial tax payers?

a

  Gujrat

b

 Maharashtra

c

 Kerala

d

 Karnataka

e

 Andhra Pradesh

Answer & Explanation
Answer : Option D
Explanation :

999.  All merchant banks must be worth atleast

a

  Rs. 2 crore

b

 Rs. 1 crore

c

 Rs. 4 crore

d

 Rs. 3 crore

e

 Rs. 5 crore

Answer & Explanation
Answer : Option B
Explanation :

1000.  Which of the following year marked the beginning of the history of agricultural cooperative banks in India?

a

  1907

b

 1906

c

 1908

d

 1904

e

 1905

Answer & Explanation
Answer : Option D
Explanation :

1001.  Which of the following is NOT a foreign bank working in India?

a

  Yes Bank

b

 Standard Chartered

c

 All are foreign banks

d

 Barclays

e

 HSBC

Answer & Explanation
Answer : Option A
Explanation :

1002.  ICICI is the name of a

a

  bureau

b

 financial institution

c

 corporation

d

 None of these

e

 chemical industry

Answer & Explanation
Answer : Option B
Explanation :

1003.  The term 'Currency of India' refers to

a

  bank notes issued by Reserve Bank of India viz., Rs. 2, Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100 and for other higher denominations

b

 None of the above

c

 one rupee notes and coins

d

 one rupee notes only

e

 one rupee notes and coins and bank notes issued by Reserve Bank of India

Answer & Explanation
Answer : Option C
Explanation :

1004.  Which of the following are the scheduled banks?

a

  All of the above

b

 None of the above

c

 HDFC Bank Limited

d

 State Bank of Mauritius Limited

e

 ICICI Bank

Answer & Explanation
Answer : Option A
Explanation :

1005.  Consider the following statements: I. The first attempt to calculate National Income of India was made by Dadabhai Naoroj i.
II. The first scientific method to calculate national income of India was made by Professor VKRV Rao. Which of the statements given above is/are correct?

a

  Only I

b

 Either I or II

c

 Only II

d

 Neither I nor II

e

 Both I and II

Answer & Explanation
Answer : Option E
Explanation :
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