Banking and Insurance (Part 11)

03 Mar 2015

(101) What is Value Added Tax (VAT) ?

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 (1) A simple, transparent, easy to\r\npay tax imposed on consumers

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 (2) A new initiative taken by the\r\ngovernment to increase the tax-burden of high income groups

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 (3) A single tax that replaces state\r\ntaxes like, surcharge turnover tax and sales tax, etc.

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 (4) A new tax to be imposed on the\r\nproducers of capital goods

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 (5) None of the above

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(102) Which of the following statements are not prepared on a daily basis in\r\nbranch?

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 (1) Cash Book

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 (2) Trial Balance

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 (3) P/L statement

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 (4) (1) & (2) are true  

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 (5) (1), (2) & (3) are true

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(103) Which of the following organization / agencies recently issued guidelines\r\nfor fair practices code for non-banking finance companies ?

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 (1) SEBI

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 (2) NABARD

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 (3) Central Board of Direct Taxes

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 (4) Reserve Bank of India

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 (5) None of the above

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(104) When was RBI nationalised ?

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 (1) 1st April, 1935

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 (2) 1st January, 1949

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 (3) 1st January, 1935

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 (4) 1st July, 1969

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 (5) None of the above

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(105) The National Bank for Agriculture and Rural Development (NABARD) was established\r\nin—

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 (1) 1981 

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 (2) 1982

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 (3) 1983 

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 (4) 1984

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 (5) None of the aboves

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(106) Which brand/company uses the ad line “We know India better”?

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 (1) Max New York Life Insurance

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 (2) LIC of India

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 (3) Amul

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 (4) Bajaj

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 (5) none of above

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(107) The part of profit or other surpluses of shareholders is called company\r\ndistributed proportionately among

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 (1) Preference Share

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 (2) Equity Share

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 (3) Face Value

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 (4) None of these

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 (5) none of above

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(108) NABARD stands for

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 (1) National Bank of Agriculture and\r\nRegional Development

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 (2) National Bank for Agriculture\r\nand Rural Development

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 (3) National Bureau of Aeronautical\r\nResearch and Development

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 (4) None of these

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 (5) All of above

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(109) Money Markets Satisfy the needs of :-

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 (1) Long

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 (2) Short term nature

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 (3) Both are wrong (4) Both are\r\nright

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 (5) None of the above

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(110) Capital Market Instruments

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 (1) Shares

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 (2) Cash

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 (3) PAN Card

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 (4) All the above

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 (5) None of above

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Answers: (101) 3 (102) 4 (103) 4 (104) 2 (105) 2 (106) 2 (107) 2 (108) 2 (109)\r\n2 (110) 1

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