How many benches are there in the NCLT?
Answer: C
Correct answer: 11
The National Company Law Tribunal was set up with 11 benches - two at New Delhi and one each at Ahmedabad, Allahabad, Bengaluru, Chandigarh, Chennai, Guwahati, Hyderabad, Kolkata and Mumbai. More benches have been added since.
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R in BSR?
Answer: B
Correct answer: Returns
BSR stands for Basic Statistical Returns - the returns banks file with the Reserve Bank on their deposits and credit. The 7-digit BSR code that identifies a branch on a tax challan takes its name from these returns.
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The headquarters of FSB is ______
Answer: C
Correct answer: Basel, Switzerland
The Financial Stability Board, created by the G20 after the 2008 crisis to co-ordinate financial regulation across countries, is hosted at Basel by the Bank for International Settlements.
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First Bank managed by Indians - ________
Answer: A
Correct answer: Oudh Commercial Bank
Oudh Commercial Bank, founded at Faizabad in 1881, was the first bank in India with entirely Indian management. The Bank of Hindustan (1770) and the presidency banks that preceded it were European-run.
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In which state India’s first international exchange INX was inaugurated at International Financial Services Centre (IFSC)?
Answer: B
Correct answer: Gujarat
India INX, the country’s first international exchange, was inaugurated in January 2017 at GIFT City, Gandhinagar, in Gujarat. It is a subsidiary of BSE and sits inside the International Financial Services Centre, which is treated for regulatory purposes as offshore.
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TRAI has set a maximum ceiling of _______ per transaction for using the *99# service.
Answer: A
Correct answer: Rs. 1.50
TRAI has capped what a telecom operator may charge for a *99# session at ₹1.50 per transaction, so that the cost of the channel does not defeat its purpose of serving low-value users on basic handsets.
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India’s First bank launched ‘talking’ ATM for visually and physically challenged people- ________.
Answer: C
Correct answer: Union Bank of India
Union Bank of India installed India’s first talking ATM, which guides a visually impaired user through the transaction by voice over headphones and has Braille markings and a ramp for wheelchair access.
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MMID stands for ___
Answer: C
Correct answer: Mobile Money Identifier
MMID is the Mobile Money Identifier, a 7-digit number issued by a bank against a customer’s account. Combined with the registered mobile number it identifies the account for an IMPS transfer, so the sender needs neither the account number nor the IFSC.
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Which section of Banking Regulation Act, 1949 related with amalgamation of two banking companies ?
Answer: B
Correct answer: Section 44A
Section 44A of the Banking Regulation Act, 1949 governs the voluntary amalgamation of two banking companies: the scheme has to be approved by a two-thirds majority of the shareholders of each bank and then sanctioned by the Reserve Bank. Sections 391 to 394 belong to the Companies Act and apply to companies generally, not to banks.
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Five associate banks and Bharatiya Mahila Bank(BMB) were merged with SBI effect from __________________________
Answer: A
On 15 February 2017, the Union Cabinet approved the merger of five associate banks with SBIThe State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore, and Bharatiya Mahila Bank were merged with State Bank of India with effect from 1 April 2017
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