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1) What is the new rate of Service Tax as per Budget 2015-16? a. 13% b. 14% c. 13.5% d. 14.5%
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2) What amount of money is allocated in the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme in the Union Budget 2015-16? a. Rs. 5,000 crore b. Rs. 1,000 Crore c. Rs. 500 Crore d. Rs. 2500 Crore
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3) How many new ultra mega power projects (each of 4,000 MWs in the plug-and-play mode) were proposed by the Union Government in the Union Budget 2015-16? a. Two b. Three c. Four d. Five
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4) What is the full form of NAV? a. Net Actual Value b. Net Annual Value c. Net Asset Value d. Net Average Value
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5) Which of the following is known as the concept of a standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price? a. Forward Contract b. Futures Contract c. Market Contract d. Standard Contract
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6) Which of the following depicts the financial position of a bank or business enterprise at a given point of time? a. Balance sheet b. Cash flow statement c. Income statement d. Model audit
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7) Which of the following belongs to the time when a company makes the first offering of the shares to the public? a. CSO b. IPO c. REPO d. WTO
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8) When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as _____________________. a. Internet banking b. Universal banking c. Virtual Banking d. Wholesale banking
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9) Which one of the following is controlled by the World Wide Web? a. Universal banking b. Virtual Banking c. Wholesale Banking d. None of these
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10) What is the full form of NIM? a. et Interest Margin b. Net Involvement Margin c. Net Involution Margin d. None of these.
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11) Where is the Bank of International Settlement headquartered? a. Belgium b. France c. Germany d. Switzerland
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12) What is the full form of CRR? a. Cash Reserve Rate b. Cash Reserve Ratio c. Cash Recession Ratio d. Core Reserve Rate
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13) Oudh Commercial Bank was founded in _______. a. 1913 b. 1917 c. 1894 d. 1881
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14) Which bank was united with the Punjab National Bank in 1993? a. Oudh Commercial Bank b. Imperial Bank of India c. New Bank of India d. Punjab and Sind Bank
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15) Which was the first bank to introduce mutual fund? a. Bank of Baroda b. ICICI Bank c. Punjab National Bank d. State Bank of India
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16) Which of the following is a financial ratio that gives a measure of a company's ability to meet its financial losses? a. Cash Reverse Ratio b. Leverage Ratio c. Statutory Liquidity Ratio d. Loan-to-Value Ratio
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17) Which of the following is the correct definition of Hot Money? a. This is the fund which is dumped into a country to get the advantage of a favourable interest rate b. This is the fund which is provided by a bank in US $ at very short notice and at a very high rate of interest and for a longer period of repayment c. This is the fund which is pushed into market through illegal methods d. None of the above
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18) The performance of which scheme does the National Housing Bank monitor? a. Liberalized Finance Scheme b. Golden Jubilee Rural Housing Finance Scheme c. Energy Efficient Housing Finance Scheme d. Finance scheme for indirect loans
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19) Which of the following requires lenders to provide standardized information? a. TILA b. RESPA c. NCUA d. UCC
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20) As announced in the Union Budget 2015-16, how many Indian Institute of Management (IIM) will set up? a. 5 b. 5 c. 1 d. 2
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