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Right Answer: 1Permanent Account Number (PAN) is unique alphanumeric combination issued to all juristic entities identifiable under the Indian Income Tax Act 1961.Question ID: 133
Right Answer: 1The unified payments interface or the UPI is an interface via which you can transfer money between bank accounts across a single window.Question ID: 433
Right Answer: 1Reserve Bank of India was establised in 1935 and nationalised in 1949. Others are correct.Question ID: 122
Right Answer: 3Lead Bank Scheme is launched in Dec. 1969 implementing the recommendations of Pro.Dr Gadgil Committee, aimed at bringing involvement of banks in the planned process of rural development.Question ID: 119
Right Answer: 1Fixed Deposit Receipts doesn’t have the specifications as defined in Negotiable Instruments Act, 1881Question ID: 111
Right Answer: 1A debit card (also known as a bank card or check card) is a plastic payment card that provides the cardholder electronic access to his or her bank account(s) at a financial institution. Debit Cards can be used at Point of Sales (POS) for payments.Question ID: 127
Right Answer: 2The Reserve Bank of India, the nation's central bank, began operations on April 01, 1935. The RBI was nationalized on January 1, 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act.Question ID: 73
Right Answer: 3Non-scheduled bank in India means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949), which is not a scheduled bank.Question ID: 109
Right Answer: 1On 30 April 1955, the Imperial Bank of India became the State Bank of India. An act was accordingly passed in Parliament in May 1955 and the State Bank of India was constituted on 1 July 1955.Question ID: 107
Right Answer: 4National Bank for Agriculture and Rural Development is an apex supervisory body for overall supervision of regional rural banks and apex cooperative banks in India. It is under the jurisdiction of Ministry of Finance, Government of India.Question ID: 121
Right Answer: 2The Banking Ombudsman is a person appointed by the Reserve Bank of India to redress customer complaints against certain deficiency in banking Services. RBI may appoint one of its Officers not below the rank of Chief General Manager or General Manager of RBI.Question ID: 141
Right Answer: 4RBI functions comprise monetary management, foreign exchange and reserves management, government debt management, financial regulation and supervision, apart from currency management and acting as banker to the banks and to the Government.Question ID: 118
Right Answer: 2The Asian Development Bank is a regional development bank established on 19 December 1966, which is headquartered in Metro Manila, Philippines.Question ID: 137
Right Answer: 4RuPay is the Indian domestic card payment network being set up by National Payments Corporation of India (NPCI) at the behest of banks in India. Rupay reduces overall transaction cost for the banks in India by introducing competition to international cardQuestion ID: 136
Right Answer: 1The Committee to Review Arrangements for institutional Credit for Agriculture and Rural Development(CRAFICARD) set up by the RBI under the chairmanship of Shri B Sivaraman recommended for formation of NABARD. Question ID: 139
Right Answer: 2NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts.Question ID: 124
Right Answer: 4There are five reasons for devaluation of Rupee value to Dollar. 1. Exports Falling, 2. Current Account Deficit, 3. Dependence on foreign flows, 4. Fiscal Deficit and 5. Slow GrowthQuestion ID: 129
Right Answer: 3In 1949, the Banking Regulation Act was enacted which empowered the Reserve Bank of India (RBI) to regulate, control, and inspect the banks in India.Question ID: 108
Right Answer: 1Deposit Insurance and Credit Guarantee Corporation ( DICGC) is a subsidiary of Reserve Bank of India. It was established on 1961 under Deposit Insurance and Credit Guarantee Corporation Act, 1961.Question ID: 128
Right Answer: 3NABARD ACT was enacted in 1981. Shri B Sivaraman committee recommended the formation of NABARD on 28 November, 1979.Question ID: 138