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1. Bank rate means—, (a) Interest rate charged by money lenders, (b) Interest rate charged by Scheduled Banks, (c) Rate of Profit of banking institution, (d) Official rate of interest charged by Central Bank, Bank rate is the rate charged by the central bank for lending funds, to commercial banks.
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2. The microfinance institutions (MFI) registered as Non-Banking, Finance Companies (NBFC) are presently regulated by, (a) SEBI, (b) Reserve Bank of India, (c) MUDRA (SIDBI) Bank, (d) NABARD, Microfinance Institutions (MFIs) regulated by the Reserve Bank, of India (RBI).
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3. SBI Life Insurance Limited is a joint venture life, insurance company, of State Bank of India (SBI) and—, (a) HDFC Life Insurance Company, (b) Life Insurance Corporation of India, (c) BNP Paribas Cardif, (d) ICICI Prudential Life Insurance Company, SBI Life Insurance is a joint venture life insurance, company
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4. The alphabet ‘D’ in the abbreviation ‘NDTL’, commonly, used in, banking world, stands for—, (a) Demand, (b) Debenture, (c) Debt, (d) Deposit, The abbreviation of Net Demand and Time Liabilities is, NDTL,
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5. SMERA Limited, a popular body in the financial world, is a full, service—, (a) Asset Financing Company, (b) Asset Management Company, (c) Credit Information Bureau, (d) Credit Rating Agency, , SMERA Ratings Limited is a full service Credit Rating Agency,, registered with SEBI, and accredited by RBI as an External Credit, Assessment Institution, for Bank Loan Ratings under BASEL-II, norms.
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6. ‘MobiKwik’ is the name of a—, (a) Mobile wallet and online payment system, (b) Online shopping portal, (c) White Label ATM entity, (d) Brown Label ATM entity, MobiKwik is an Indian company founded in 2009 that provides a, mobile phone based payment system and digital wallet.
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7. The country’s first Aadhaar based ATM is launched by, which one of, the following banks?, (a) ICICI Bank, (b) SBI, (c) HDFC, (d) DCB Bank, DCB Bank, launched a “card-less and PIN-less” ATM in, Bengaluru, in June, 2017. The ATM accepts Aadhaar number, and, Aadhaar fingerprint (biometric) instead of ATM / debit card, and, PIN to dispense cash from the bank account.
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8. Consider the following sentences regarding ‘India Post, Payment, bank’—, 1. It is third entities that get approval from Reserve Bank of, India., 2. It can accept deposits up to 3 lakh per account from, individuals., Which of the above sentence(s) is/are true?, (a) Only 1, (b) Only 2, (c) 1 and 2, (d) None of the above, India Post Payments Bank is the third entity to receive, payments, bank permit after Airtel and Paytm.
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9. A currency note which is wholly or partly washed, shrunk, altered or, indecipherable is known as a—, (a) Forged banknote, (b) Soiled banknote, (c) Obliterated banknote, (d) Imperfect banknote, Imperfect banknote means any banknote, which is wholly or, partially, obliterated, shrunk, washed, altered or indecipherable, but does not include a mutilated banknote.
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10. Which of the following was established in 1928 as the, first printing, press for bank notes in India?, (a) Indian Security Press (ISP), Nasik, (b) Currency Notes Press (CNP), Nasik, (c) Bharatiya Reserve Bank Notes Mudran Private Limited, (BRBNMPL),, Mysore, (d) Bharatiya Reserve Bank Notes Mudran Private Limited, (BRBNMPL),, Salboni, Currency Note Press (CNP), Nasik, Maharashtra was, established in 1928. It was the first printing press for
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11. The Indian Life Insurance Company ‘Aviva India’ is a, joint venture, between Aviva pic, a British insurance Company and the, Indian, conglomerate—, (a) Tata Group, (b) L and T Group, (c) Dabur Group, (d) TVS Group, Aviva India is an Indian life assurance company, and a, joint, venture between Aviva plc, a British assurance company,, and Dabur Group, an Indian conglomerate.
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12. A third-party administrator (TPA) is an organisation associated with, the claim settlement process in the—, (a) Exchange markets, (b) Insurance industry, (c) Commodity market, (d) Mutual fund industry, A Third Party Administrator (TPA) is an Insurance Regulatory, Development Authority (IRDA) registered company or an, organization that processes insurance claims on behalf of, insurance companies.
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13. According to the Reserve Bank of India’s guidelines to banks,, customers can change up to 20 pieces of soiled currency notes, over the, counter, free of charge upto a maximum value of—, (a) `28,000, (b) `5,000, (c) `25,000, (d) `15,000, According to the RBI’s guidelines to banks, a person can change, up to 20 pieces of notes with a maximum value of Rs.5000 per, day, banks should exchange them over the counter, free of charge.
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14. The ‘Currency Chests’ are store-houses where bank notes and, rupee, coins are clocked on behalf of—, (a) State Bank of India, (b) Public Sector Banks, (c) Commercial Banks, (d) Reserve Bank of India, Currency chests are usually located at authorized select branches, of scheduled banks. These currency chests are store, houses of bank notes and rupee coins and are usually established, with important branches of Scheduled Commercial Banks. They, do their function on behalf of the Reserve Bank
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15. The Section 2 of ‘The Coinage Act, 2011’ clarifies that, the term ‘Coin’does ‘not’ include—, (a) Postal order or ‘p-money’ issued by any bank, or post office, (b) Commemorative coin issued by Reserve Bank of India, (c) Government of India One Rupee Note, (d) Coins made of any other material, According to the Section 2 of the Coinage Act, 2011, a, “Coin” does not include the credit card, debit card, postal, order and money issued by any bank, post office or
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