Q:

As per guidelines of the RBI, payments banks can accept demand deposits (savings and current) up to a maximum of _______________ per customer.

A) Rs 1,00,000	B) Rs 2,00,000
C) Rs 50,000	D) Rs 5,00,000

Answer & Explanation Answer: A) Rs 1,00,000

Explanation:

As per guidelines of the RBI, payments banks can accept demand deposits – savings and current – up to a maximum of ?1 lakh per customer. To overcome this restriction of holding a maximum balance of ?1 lakh per customer, payments banks have entered into tie-ups with mainline banks so that balances over ?1 lakh can be converted into fixed deposits with the latter.

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

What is formed when Magnesium is burnt?

A) Baking Soda	B) Calcium Carbonate
C) Ash	D) Vinegar

Answer & Explanation Answer: C) Ash

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Equinox occurs when the sun is vertically above .....

A) Tropic of Capricorn	B) Tropic of Cancer
C) Poles	D) Equator

Answer & Explanation Answer: D) Equator

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

What is the position of the Earth when it is at the greatest distance from the sun ?

A) Aphelion	B) Antipode
C) Perihelion	D) Aldiatc

Answer & Explanation Answer: A) Aphelion

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

In which way the President can assign any of the functions of the Union Government to the State Government ?

A) In his discretion	B) In consultation with the Chief Justice of India
C) In consultation with the Government of the State	D) In consultation with the State Governor

Answer & Explanation Answer: C) In consultation with the Government of the State

Explanation:

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Filed Under: Indian Politics

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Q:

The man who presented India’s first-ever Budget ?

A) C Rajgopalachari	B) Jawaharlal Nehru
C) Motilal Nehru	D) James Wilson

Answer & Explanation Answer: D) James Wilson

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Asexual reproduction takes place in

A) Plants	B) Higher animals
C) Lower animals	D) Lower animals and plants

Answer & Explanation Answer: D) Lower animals and plants

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Plasma is formed in the stars because of very

A) high temperature	B) high pressure
C) low pressure	D) low temperature

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