Banking and Insurance (Part 8)

28 Feb 2015

(71) NABARD does not provide Refinance for _____.

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 (1) stocking &

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 (2) distribution of Chemical\r\nFertilisers

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 (3) Both (1) & (2) are right

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 (4) Both (1) & (2) are wrong

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 (5) None of the above

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(72) Mutual Funds provide the benefits of ________.

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 (1) Customization (2) More Control

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 (3) more predictable Income

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 (4) Portfolio management

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 (5) None of the above

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(73) A major part of the credit of SFCs went to :-

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 (1) SIDBI  (2) HDFC

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 (3) LSI  (4) SSI units

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 (5) None of the above

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(74) Initial Quantum of resources of IMF were contributed by members according\r\nto :-

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 (1) Quotas fixed for members

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 (2) Quotas fixed by USA

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 (3) Quotas fixed by China

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 (4) None of Above

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 (5) All the above

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(75) Under Project Finance Scheme IDBI provides assistance for :-

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 (1) New Projects (2) Renovation

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 (3) Modernisation (4) (1) & (2)\r\nare true   (5) (1), (2) & (3) are true

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(76) The relationship between the value of money the price level in an economy\r\nis

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 (1) Direct  (2) Inverse

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 (3) Propotional (4) Stable

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 (5) none of above

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(77) What was the main reason for a great civil strife in Argentina in 2002-03?

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 (1) Ethnic conflict between the\r\nnative Red Indian tribes and others

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 (2) Economic crisis due to huge\r\npublic debt

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 (3) The issue of using native\r\nlanguages as medium of instruction in schools

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 (4) Clashes between goverment troops\r\nand secessionist groups

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 (5) none of above

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(78) Consider the following statements:

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 1. India ranks first in the world in\r\nfruit production.

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 2. India ranks second in the world\r\nin the export of tobacco Which of the statements is/are correct?

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 (1) Only 1 (2) Only 2

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 (3) Both 1 & 2 (4) Neither 1 nor\r\n2

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 (5) none of above

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(79) The Bank Rate Policy is a component of—

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 (1) Fiscal policy (2) Monetary\r\npolicy

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 (3) Trade policy (4) Direct control

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 (5) None of the above

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(80) Which one of the following statements is correct with reference to FEMA in\r\nIndia?

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 (1) The Foreign Exchange Regulation\r\nAct(FERA) was replaced by Foreign Exchange Management Act (FEMA) in the year\r\n2001

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 (2) FERA was given a sunset clause\r\nof one year till 31st May 2002 to enable Enforcement Directorate to complete\r\nthe investigation of pending issues

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 (3) Under FEMA, violation of foreign\r\nexchange rules has caused to be a criminal offense

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 (4) As per the new dispensatio,\r\nEnforcement Directorate can arrest and prosecute the people for the violation

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 (5) none of above

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Answers : (71) 4 (72) 4 (73) 4 (74) 1 (75) 5 (76) 2 (77) 2 (78) 1 (79) 2 (80)\r\n3

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