Banking Questions for Allahabad Bank – IBPS [TEST-8]

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The authorized capital of the DICGC is 50 crore, which is fully issued and subscribed by-
A
Government of India
B
SIDBI
C
NABARD
D
RBI
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
A
3 years
B
5 years
C
7 years
D
10 years
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Prime Minister Narendra Modi has launched Ayushman Bharat, world's largest government-funded healthcare scheme in Jharkhand's capital Ranchi. It will offer a benefit cover of..... per family per year.
A
Rs 2 lakh
B
Rs 7 lakh
C
Rs 5 lakh
D
Rs 10 lakh
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Reserve Bank of India (RBI) on 15 January 2014 included two countries in the sensitive list under FEMA Act, 200 0. The countries in question are
A
Iran and China
B
Hong Kong and Macau
C
Syria and Sudan
D
Israel and Libya
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The lowering of Bank Rate by the Reserve Bank of India leads to
A
More liquidity in the market
B
Less liquidity in the market
C
No change in the liquidity in the market
D
Mobilization of more deposits by commercial banks
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is Call Money?
A
Money borrowed or lent for a day or overnight
B
Money borrowed for more than one day but up to 3 days
C
Money borrowed for more than one day but up to 7 days
D
Money borrowed for more than one day but up to 14 days
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Institute for Development & Research in Banking Technology (IDRBT) is a unique institution exclusively focused on Banking Technology. Established by RBI. Where is the Head Office of IDRBT?
A
Bengaluru
B
Kolkata
C
Hyderabad
D
Mumbai
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Nobel prize for economics is awarded for work on the climate and economic growth. This year (2018) Nobel prize for economics awarded to-
A
James P Allison and Tasuku Honjo
B
Paul Romer and William Nordhaus
C
Gerard Mourou and Arthur Ashkin
D
George Smith and Frances Arnold
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which among the following Incentives and facilities offered to the SEZs is not correct-
A
Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units.
B
Exemption from State sales tax and other levies as extended by the respective State Governments.
C
Exemption from minimum alternate tax under section 115JB of the Income Tax Act.
D
100% Income Tax exemption on export income for SEZ units under Section 10AA of the Income Tax Act for 10 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years.
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The sensitive Index of National Stock Exchange of India is popularly known as-
A
Sensex
B
CRIS
C
Nifty
D
CSE
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