Q:

If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is

A) 12.50%	B) 8%
C) 10%	D) 15%

Answer & Explanation Answer: A) 12.50%

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The SLR is determined by the RBI. SLR stands for

A) States Leverage Return	B) Savings Lease Rate
C) Statutory Liquidity Ratio	D) Safe Legal Range

Answer & Explanation Answer: C) Statutory Liquidity Ratio

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following is a nitrogen-fixing bacteria?

A) Salmonella	B) Rhizobium
C) E.coli	D) Pseudomonas

Answer & Explanation Answer: B) Rhizobium

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

The banks avail long-term loans from Reserve Bank of India (RBI) by putting no collateral securities. This loan is availed under which of the following lending rates?

A) Bank rate	B) Repo rate
C) Reserve repo rate	D) Marginal Standing Facily

Answer & Explanation Answer: A) Bank rate

Explanation:

The bank rateis the rate of interest at which banks takelong term loansfrom Reserve Bank of India (RBI) by putting no collateral security. It is the rate at which RBI rediscounts the bills of exchange and government securities held by the commercial banks. For controlling the credit, inflation and money supply, RBI increases the bank rate.

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Filed Under: General Awareness

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Q:

Where are coins minted in India?

A) Delhi, Mumbai, Kolkata	B) Delhi, Kolkata, Hyderabad
C) Mumbai, Delhi, Bangalore	D) Mumbai, Kolkata, Hyderabad, NOIDA

Answer & Explanation Answer: D) Mumbai, Kolkata, Hyderabad, NOIDA

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Exam Prep: Bank Exams

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Q:

Which institution is to provide USD 304 million loan to Assam to enhance Inter-state Power Transmission Project?

A) AIIB	B) World Bank
C) New Development Bank	D) ADB

Answer & Explanation Answer: A) AIIB

Explanation:

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

A compressed spring possesses more energy than a spring of normal length because the compressed spring has

A) chemical energy	B) potential energy
C) heat energy	D) kinetic energy

Answer & Explanation Answer: B) potential energy

Explanation:

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

'Queensberry rules' is the code followed in which sport?

A) Tennis	B) Cricket
C) Boxing	D) Equestrian

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