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 accounting year of the Reserve Bank of India ?

A) April-March	B) July-June
C) October-September	D) January-December

Answer & Explanation Answer: B) July-June

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

For which one of the following items Tiruppur is well known as a huge exporter to many parts of the world?

A) Gems and Jewellery	B) Leather goods
C) Knitted garments	D) Handicrafts

Answer & Explanation Answer: C) Knitted garments

Explanation:

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Exam Prep: Bank Exams

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Q:

The place on the earth's surface above the focus is called the __________.

A) focus	B) incentre
C) epicentre	D) circumcentre

Answer & Explanation Answer: D) circumcentre

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Musa paradisiaca is the scientific name of which plant?

A) mango	B) wheat
C) Corn	D) banana

Answer & Explanation Answer: D) banana

Explanation:

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Which of the following statements is/are correct regarding the Preamble of the Indian Constitution?

1.The Preamble by itself is not enforceable in a Court of Law.

2.The preamble states the objectives which the Constitution seeks to establish and promote.

3.The Preamble indicates the source from which the Constitution derives its authority.

Select the correct answer using the code given below.

A) 1, 2 and 3	B) 1 and 2 only
C) 1 and 3 only	D) 2 only

Answer & Explanation Answer: A) 1, 2 and 3

Explanation:

All are correct. Preamble is non-justiciable in nature i.e. its provisions are not enforceable in court of law. Preamble is neither a source of power to legislature nor a prohibition upon the powers of legislature.

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Filed Under: Indian Politics
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:

Which of the following is an example of thermoplastics?

A) Bakelite	B) Melamine
C) PVC	D) No option is correct

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