Questions

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 the minimum age for becoming a Governor of state in India?

A) 25 B) 30
C) 35 D) 40
 
Answer & Explanation Answer: C) 35

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Who decides disputes regarding disqualification of members of Parliament?

A) The Supreme Court B) The Election Commission
C) The Prime Minister in Consultation with the Election Commission D) The President in Consultation with the Election Commission
 
Answer & Explanation Answer: D) The President in Consultation with the Election Commission

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

_________ can give the Union parliament power to make laws on matters included in the State list.

A) Ministry of Defence B) Prime Minister's Office
C) Securities and Exchange Board of India D) Rajya Sabha
 
Answer & Explanation Answer: D) Rajya Sabha

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Vinegar and Baking Soda together produce ____________.

A) Copper B) Carbon Dioxide
C) Copper Sulphate D) Magnesium Oxide
 
Answer & Explanation Answer: B) Carbon Dioxide

Explanation:
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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

Tax on inheritance is called __________

A) Excise duty B) Estate duty
C) Gift tax D) Sales tax
 
Answer & Explanation Answer: B) Estate duty

Explanation:
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Filed Under: Indian Economy

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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.

P: It has been the handmaid of the ruling class.
Q: Therefore, ever since the dawn of civilization, persons in power have always tried to supervise or control education.
R: Education is an instrument which imparts knowledge and therefore, indirectly controls power.
S: It is an old saying that knowledge is power.

A) SQPR B) PRQS
C) SRQP D) PSQR
 
Answer & Explanation Answer: C) SRQP

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

Vivekananda dared to attempt to ______ all that was rotting in Indian society and to enrich and learn from all that was noble.

A) create B) sustain
C) derive D) revamp
 
Answer & Explanation Answer: D) revamp

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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