61.Sukanya Samriddhi Yojana was launched in which year?
[A] 2015
[B] 2016
[C] 2014
[D] 2013
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Correct Answer: A [2015]
Notes:
Sukanya Samriddhi Yojana is an ambitious small deposit savings scheme for a girl child. Under the scheme, a saving account can be opened in the name of girl child and deposits can be made for 14 years.
62.As per the Negotiable Instruments Act 1882, the term negotiable relates to which of the following?
[A] Money
[B] Transferable
[C] Can be passed
[D] Bargain
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Correct Answer: B [Transferable]
Notes:
Negotiable term in Negotiable Instruments Act 1882 means the value in it which is transferable from one person to another.
63.Which of the following means ‘indorsement in blank’ of an instrumentnder section 16 of the Negotiable Instrument Act?
[A] where the indorser does not write anything on the instrument
[B] where the indorser writes his name only on the instrument
[C] where the indorser writes the name of the person who is directed to pay
[D] none of the above
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Correct Answer: B [where the indorser writes his name only on the instrument]
Notes:
Along with name & Sign, if indorser adds a direction to pay the amount mentioned in the instrument to, or the order of, a specified person, the indorsement is said to be ‘in full’, and the person so specified is called the ‘indorsee’ of the instrument.
64.A bill of exchange contains which of the following?
[A] Unconditional order
[B] Unconditional undertaking
[C] Conditional undertaking
[D] Conditional order
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Correct Answer: A [Unconditional order]
Notes:
The bill of exchange contains an unconditional order to pay a certain amount on an agreed date while the promissory note contains an unconditional promise to pay a certain sum of money on a certain date.
65.The Banking Ombudsman Scheme is introduced under which of the following sections in Banking Regulation Act, 1949?
[A] Section 25 A
[B] Section 30 A
[C] Section 40 A
[D] Section 35 A
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Correct Answer: D [Section 35 A]
Notes:
The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949.
66.Banking Ombudsman is a senior official appointed by the RBI to redress customer complaint specified under which clause of the Banking Ombudsman Scheme 2006?
[A] Clause 7
[B] Clause 6
[C] Clause 8
[D] Clause 5
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Correct Answer: C [Clause 8]
Notes:
The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services covered under the grounds of complaint specified under Clause 8 of the Banking Ombudsman Scheme 2006.
67.One can file the appeal against the decision of the Banking Ombudsman rejecting the complaint within how many days of the date of receipt of the Award?
[A] 25 days
[B] 18 days
[C] 15 days
[D] 30 days
Hide Answer
Correct Answer: D [30 days]
Notes:
One can file the appeal against the award or decision of the Banking Ombudsman rejecting the complaint within 3o days of the date of receipt of the Award.
68.Which of the following documents is mandatory for withdrawal/remittance of foreign exchange?
[A] PAN
[B] Aadhar card
[C] Passport
[D] None of the above
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Correct Answer: A [PAN]
Notes:
Permanent Account Number (PAN) is mandatory for all transactions under Liberalised Remittance Scheme.
69.What is the maximum amount of balance can be maintained an individual in payments bank?
[A] 1,50,000
[B] 1,00,000
[C] 50,000
[D] 25,000
Hide Answer
Correct Answer: B [1,00,000]
Notes:
Maximum deposit that can be maintained in payments bank is Rs 100000 per individual/business.
70.What is the minimum capital required to set up payments bank?
[A] Rs 100 crore
[B] Rs 75 crore
[C] Rs 50 crore
[D] Rs 25 crore
Hide Answer
Correct Answer: A [Rs 100 crore]
Notes:
The minimum capital required to start payments bank is Rs 100 crore.
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