Banking And Financial Institutions - Study Mode

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[#681] UCO bank is a

(A) private sector bank

(B) public sector bank

(C) non-scheduled bank

(D) None of these

Correct Answer

(B) public sector bank

[#682] Rupee coins are the legal tender in India under the provisions of:

(A) The Reserve Bank of India Act, 1934

(B) Negotiable Instrument Act, 1881

(C) Banking Regulation Act, 1949

(D) Indian Coinage Act, 1906

Correct Answer

(D) Indian Coinage Act, 1906

[#683] IBAI was incorporated as a company under Section 25 of the Companies Act, 1956. What is the meaning of 'B' in IBAI?

(A) Basel

(B) Broadcasting

(C) Brokers

(D) Board

Correct Answer

(D) Board

[#684] Consider the following statements about India INX: 1. India INX is India's first international exchange. 2. It will work for 22 hours in a day, working from sunrise to sunset, i.e., starting when Japan exchanges begin and close when the US markets end. 3. India lNX is a wholly owned subsidiary of the Bombay Stock Exchange (NSE). Which of the statements given above is/are correct?

(A) 1 and 3 only

(B) 1, 2 and 3

(C) 2 and 3 only

(D) 1 only

Correct Answer

(B) 1, 2 and 3

[#685] FEMA provides that a person becomes a resident if he stays in India for . . . . . . . . or more in the previous year.

(A) 180 days

(B) 181 days

(C) 182 days

(D) 183 days

Correct Answer

(C) 182 days