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Q:

What is MUDRA?

A) Development and Refinance Agency B) Scheme for Agricultural Insurance
C) New Planet Discovered D) Development and Regulatory Authority for Urban Township
 
Answer & Explanation Answer: A) Development and Refinance Agency

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Filed Under: General Awareness
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Q:

Right To Information (RTI) Act came into effect in the year

A) 2004 B) 2005
C) 2006 D) 2007
 
Answer & Explanation Answer: B) 2005

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Filed Under: Indian Politics
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Q:

In Lok Sabha the total number of members from states is

A) 630 B) 530
C) 430 D) 330
 
Answer & Explanation Answer: B) 530

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Q:

In January 2018, the Companies (Amendment) Act, 2017 was notified. Few provisions in the amendment Act have important bearing on the working of the______.

A) Insolvency and Bankruptcy Code (IBC), 2016 B) NABARD (amendment) Bill, 2017
C) AMASR (amendment) Bill, 2017 D) No option is correct
 
Answer & Explanation Answer: A) Insolvency and Bankruptcy Code (IBC), 2016

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Filed Under: Indian Politics
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Q:

Around how much percent of earth's surface is covered with water?

A) 20-25% B) 40-50%
C) 70-80% D) 55-60%
 
Answer & Explanation Answer: C) 70-80%

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Filed Under: General Science
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Q:

In which direction does the tail of a comet point toward?

A) Away from the sun B) Towards the sun
C) Away from earth D) Towards the earth
 
Answer & Explanation Answer: A) Away from the sun

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Q:

The quantum theory of light was given by

A) Einstein B) Newton
C) Plank D) Faraday
 
Answer & Explanation Answer: C) Plank

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Filed Under: Physics
Exam Prep: AIEEE , 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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