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Banking and financial institutions

1. PRAN Stands for:

Permanent Retirement Account Number
Pension Retirement Account Number
Permanent Referral Account Number
None of the Above
Answer is Right!
Answer is Wrong!

Detailed SolutionPRAN Stands for:

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2. Which purpose of the following is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss?

Subrogation
Indemnity
Insurable interest
Contribution
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Answer is Wrong!

Detailed SolutionWhich purpose of the following is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss?

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3. NSE’s Certification in Financial Markets (NCFM) is a necessary qualification for becoming a trading member.

Yes
No
Both A and B
None of these
Answer is Right!
Answer is Wrong!

Detailed SolutionNSE’s Certification in Financial Markets (NCFM) is a necessary qualification for becoming a trading member.

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4. National Housing Bank was established in 1987 as wholly owned subsidiary of which of the following?

State Bank of India
Life Insurance Corporation of India
Reserve Bank of India
Industrial Finance Corporation of India
Answer is Right!
Answer is Wrong!

Detailed SolutionNational Housing Bank was established in 1987 as wholly owned subsidiary of which of the following?

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5. Which of the following is not a function of a Rural Bank?

To accept deposit
To waive loans
To grant advances
To supply inputs to farmers
Answer is Right!
Answer is Wrong!

Detailed SolutionWhich of the following is not a function of a Rural Bank?

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6. Unsecured exposure will attract the following provision

20% for assets in sub-standard category
100% for assets in doubtful and loss category
Both A and B
None of the above
Answer is Right!
Answer is Wrong!

Detailed SolutionUnsecured exposure will attract the following provision

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7. Match the following. List-I List-II a. Bank of Hindustan 1. 1843 b. General Bank of India 2. 1840 c. Bank of Bombay 3. 1786 d. Bank of Madras 4. 1770

a-4, b-3, c-2, d-1
a-3, b-4, c-1, d-2
a-1, b-4, c-3, d-2
a-3, b-2, c-1, d-4
Answer is Right!
Answer is Wrong!

Detailed SolutionMatch the following. List-I List-II a. Bank of Hindustan 1. 1843 b. General Bank of India 2. 1840 c. Bank of Bombay 3. 1786 d. Bank of Madras 4. 1770

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8. Banks lend money by 1. Loan 2. Cash credit 3. Overdraft 4. Discounting of bill Select the correct answer

Both 1 and 2
1, 2 and 4
2, 3 and 4
All of these
Answer is Right!
Answer is Wrong!

Detailed SolutionBanks lend money by 1. Loan 2. Cash credit 3. Overdraft 4. Discounting of bill Select the correct answer

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9. When did the National Housing Bank start its operations?

July, 1982
July, 1988
April, 1980
March, 1971
Answer is Right!
Answer is Wrong!

Detailed SolutionWhen did the National Housing Bank start its operations?

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10. Every listed company is required to submit to the stock exchange the shareholding pattern of the company on a

quarterly basis
monthly basis
yearly basis
half yearly basis
Answer is Right!
Answer is Wrong!

Detailed SolutionEvery listed company is required to submit to the stock exchange the shareholding pattern of the company on a

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