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Q:

PMVVY (Pradhan Mantri Vaya Vandana Yojana) pension limit extends to which timeline?

A) March, 2021 B) March, 2019
C) March, 2022 D) March, 2020
 
Answer & Explanation Answer: D) March, 2020

Explanation:

PMVVY (Pradhan Mantri Vaya Vandana Yojana) pension limit extends to March, 2020.
The Union Cabinet, chaired by Prime Minister Narendra Modi approved extending the investment limit from Rs 7.5 lakh to Rs 15 lakh under the Pradhan Mantri Vaya Vandana Yojana (PMVVY).
It also extended the last date for a subscription to the scheme till March 31, 2020. The time limit was earlier supposed to end on May 4, 2018.
The PMVVY is being implemented through Life Insurance Corp (LIC) to provide social security during old age and protect the elderly aged 60 years and above against a future fall in their interest income due to uncertain market conditions. The scheme provides an assured pension based on a guaranteed rate of return of 8 percent per annum for 10 years.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 1561
Q:

A series is given with one term missing. Select the correct alternative from the given ones that will complete the series.

BCF, CDG, DEH, ?

A) EFI B) EFG
C) DFI D) EGI
 
Answer & Explanation Answer: A) EFI

Explanation:
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Filed Under: Verbal Reasoning - Mental Ability
Exam Prep: Bank Exams

0 1561
Q:

The term 'Zero Based Budgeting' refers to __________.

A) A specified sum of money authorized by the Legislaturefor a specific period of time B) To ensure that every rupee spent is result oriented
C) A statutorily mandated form of reimbursement or up-front payment for state expenditures D) A cost item for which payment is made by one stateagency to another
 
Answer & Explanation Answer: B) To ensure that every rupee spent is result oriented

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

0 1561
Q:

If a mirror is placed on the line MN, then which of the answer figures is the right image of the given figure?

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

Explanation:
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Filed Under: Image Analysis
Exam Prep: Bank Exams

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Q:

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

The investment bankers worked with the management of both the merging companies to ___________ a consensus on the merger terms.

A) express B) emerge
C) elucidate D) reach
 
Answer & Explanation Answer: D) reach

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

0 1561
Q:

If Tan A = 15/8 and Tan B = 7/24, then Cos(A - B) = ?

A) 297/425 B) 304/425
C) 87/425 D) 416/425
 
Answer & Explanation Answer: A) 297/425

Explanation:
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Filed Under: Simplification
Exam Prep: Bank Exams

1 1561
Q:

In the following question, four words are given out of which one word is correctly spelt. Select the correctly spelt word.

 

A) unattractiveness   B) unatrractiveness  
C) unattracttiveness   D) unatrracttiveness
 
Answer & Explanation Answer: A) unattractiveness  

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

1 1560
Q:

On selling 120 bottles, Vijay earns profit equal to the cost price of 10 bottles. What is the profit percentage?

 

A) 8.33   B) 9.09  
C) 7.7   D) 12.5
 
Answer & Explanation Answer: A) 8.33  

Explanation:
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Filed Under: Profit and Loss
Exam Prep: Bank Exams

1 1560