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Q:

Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issuse is required to maintain  assets worth not less than:

A) 85 crore of rupees B) 115 crore of rupees
C) 200 crore of rupees D) 210 crore of rupees

Answer:   B) 115 crore of rupees

Explanation:
Subject: Indian Economy
Q:

Who was appointed as Deputy Governor of RBI recently ?

A) SS Mundra B) Viral Acharya
C) Urjit Patel D) R Gandhi
 
Answer & Explanation Answer: B) Viral Acharya

Explanation:

The government on 28th December, 2016 appointed Viral Acharya as the Deputy Governor of the RBI. He will be joining the ranks of NS Vishwanathan, SS Mundra, R Gandhi as one of four Deputy Governors under RBI Governor Urjit Patel. Acharya has been serving as a Professor of Economics at the New York University Stern School of Business since 2008.

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Filed Under: Indian Economy
Exam Prep: CAT
Job Role: Bank PO

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Q:

India's first amphibious bus project has been launched by which state government ?

A) Telangana B) Assam
C) Punjab D) Gujarat
 
Answer & Explanation Answer: C) Punjab

Explanation:
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Filed Under: Indian Economy
Exam Prep: CAT
Job Role: Bank PO

7 277
Q:

Which among the following is the exclusive jurisdiction of the State Government ?

A) Sales Tax B) Custom Duty
C) Income Tax D) Corporation Tax
 
Answer & Explanation Answer: A) Sales Tax

Explanation:
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3 106
Q:

MODVAT is related to

A) Sales Tax B) Income Tax
C) Wealth Tax D) Excise Tax
 
Answer & Explanation Answer: D) Excise Tax

Explanation:
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2 443
Q:

The head quarters of World Trade Organisation(WTO) are at

A) Rome B) Geneva
C) Doha D) New York
 
Answer & Explanation Answer: B) Geneva

Explanation:
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