Banking And Financial Institutions - Study Mode
[#506] If a client buys shares worth Rs. 1,00,000 and sells shares worth Rs. 1,00,000 through a stock-broker, then the maximum brokerage payable is:
Correct Answer
(B) Rs. 5,000
[#507] Insurance Regulatory and Development Act was passed in
Correct Answer
(B) 1999
[#508] The IDBI underwriters and . . . . . . . . the shares and debentures of industrial concern.
Correct Answer
(B) subscribes to
[#509] Paid-up capital of a bank should not be less than the following percentage of subscribed capital.
Correct Answer
(B) 50%
[#510] Consider the following statements. Assertion (A): Taking of deposits and granting of loans single out banks. Reasoning (R): Banks act as intermediaries when they mobilize savings from surplus units to shortage units in order to finance productive activities.
Correct Answer
(A) Assertion (A) is correct and Reasoning (R) is the correct explanation of (A)