14
Q:

What is Demat Account ? 

Answer:



Q:

Disinvestment means-

A) To reduce government share in the FDI B) To reduce the government share in the public sector
C) To reduce government share in Market D) To reduce the government share in the private sector
 
Answer & Explanation Answer: B) To reduce the government share in the public sector

Explanation:

Disinvestment is the action of an organization or government selling or liquidating an asset or subsidiary.

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Exam Prep: Bank Exams , CAT
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8 111
Q:

Which Bank has obtained RBI approval to open representative offices in Kuwait and Singapore?

A) SBI B) Federal Bank
C) HDFC D) ICICI
 
Answer & Explanation Answer: B) Federal Bank

Explanation:

Federal Bank has obtained RBI approval to open representative offices at Kuwait and Singapore.

The bank has been the preferred banker for NRI's and the NRI friendly measures have resulted in increasing inflow of foreign remittances.

The bank already has its representative offices in Abu Dhabi and Dubai and it has tied up with 110+ overseas banks/remittance partners.

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6 216
Q:

The threshold limit upto which coins can be issued as per the Coinage Act 2011 ? 

A) 100 B) 200
C) 500 D) 1000
 
Answer & Explanation Answer: D) 1000

Explanation:
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10 391
Q:

Which Bank has acquired payments wallet Freecharge for Rs. 373 crore in an all-cash deal ?

A) HDFC Bank B) Karnataka Bank
C) ICICI Bank D) Axis Bank
 
Answer & Explanation Answer: D) Axis Bank

Explanation:
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11 436
Q:

Which small finance Bank is included in the second schedule of the Reserve Bank of India Act, 1934 ?

A) Janalakshmi B) Utkarsh
C) Suryoday D) None
 
Answer & Explanation Answer: C) Suryoday

Explanation:
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4 266
Q:

When an already listed organisation makes fresh issue of securities to the public, it is known as ________.

A) IPO B) Preferential Issue
C) Rights Issue D) FPO
 
Answer & Explanation Answer: D) FPO

Explanation:

FPO (Follow on Public Offer) is a process by which a company, which is already listed on an exchange, issues new shares to the investors or the existing shareholders, usually the promoters. FPO is used by companies to diversify their equity base. A follow-on public offer (FPO) is also called Further Public Offer.

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4 353
Q:

Which Bank has been given scheduled bank status by RBI  ?

A) Disha B) Suryoday
C) Janalakshmi D) Ujjivan
 
Answer & Explanation Answer: D) Ujjivan

Explanation:

Ujjivan Small Finance Bank Ltd, a wholly-owned subsidiary of Ujjivan Financial Services Ltd, has been given scheduled bank status by RBI.

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5 536
Q:

In which year SBI was Nationalised ?

A) 1995 B) 1955
C) 1980 D) 1969
 
Answer & Explanation Answer: B) 1955

Explanation:

The nationalisation of banks in India took place in 1969 by Mrs. Indira Gandhi the then prime minister. It nationalised 14 banks then. These banks were mostly owned by businessmen and even managed by them. Before the steps of nationalisation of Indian banks, only State Bank of India (SBI) was nationalised. It took place in July 1955 under the SBI Act of 1955.

Nationalisation of Seven State Banks of India (formed subsidiary) took place on 19th July, 1960.

1955 : Nationalisation of State Bank of India.
1969 : Nationalisation of 14 major banks.
1980 : Nationalisation of seven banks with deposits over 200 crores.

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4 694