Searching for "Settlement"

Q:

Permanent settlement was a feature of___________.

A) Zamindari System B) Mahalwari System
C) Ryotwari System D) No option is correct
 
Answer & Explanation Answer: A) Zamindari System

Explanation:
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Filed Under: Indian History
Exam Prep: Bank Exams

Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

The lawyer tried to ______________ his client to accept the generous settlement offer.

A) draw B) seduce
C) incite D) persuade
 
Answer & Explanation Answer: D) persuade

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

Q:

Who among the following was the founder of Phoenix Settlement?

A) Mahatma Gandhi B) B. R. Ambedkar
C) Rabindranath Tagore D) Swami Vivekananda
 
Answer & Explanation Answer: A) Mahatma Gandhi

Explanation:

The Phoenix Settlement, established by Gandhiji near Durban in 1904, was formally reopened on February 27, 2000, at a ceremony attended by the President of South Africa, the Zulu King Goodwill Zwelithini and many other leaders.The settlement -the first Ashram of Gandhiji -had been damaged in 1985 riots when some African squatters occupied much of the settlement and named it Bambayi. Though the Indian community was deeply distressed, it refrained from seeking the forcible eviction of the squatters. The Phoenix Settlement Trust, with financial assistance from the Government of India, recently restored Gandhiji's house and established aclinic, an HIV/Aids Centre and other facilities to serve all the people in the area, African and Indian

 

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Filed Under: Indian History
Exam Prep: Bank Exams

Q:

The Summary Settlement of 1856 was based on which one of the following assumptions?

 

A) The Talukdars were the rightful owners of the land B) The Talukdars were interlopers with no permanent stakes in the land.
C) The Talukdars could evict the peasants from the lands D) The Talukdars would take a portion of the revenue which flowed to the State
 
Answer & Explanation Answer: B) The Talukdars were interlopers with no permanent stakes in the land.

Explanation:

The British land revenue policy further undermined the position and authority of the taluqdars. After annexation, the first British revenue settlement, known as the Summary Settlement of 1856, was based on the assumption that the taluqdars were interlopers with no permanent stakes in land: they had established their hold over land through force and fraud.

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Filed Under: Indian History
Exam Prep: Bank Exams

Q:

Choose the option that best captures the essence of the text.
Issue of money, in the form of banknotes and current accounts subject to cheque or payment at the customer's order. These claims on banks can act as money because they are negotiable and/or repayable on demand, and hence valued at par and effectively transferable by mere delivery in the case of banknotes, or by drawing a cheque that the payee may bank or cash. Banks act as both collection and paying agents for customers, participating in interbank clearing and settlement systems to collect, present, be presented with, and pay payment instruments. This enables banks to economize on reserves held for settlement of payments, since inward and outward payments offset each other. It also enables ____________.

A) The offsetting of payment flows between geographical areas, increasing the cost of settlement between them. B) The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.
C) The offsetting of payment flows only in urban areas, reducing the cost of settlement between them. D) The offsetting of payment flows only in rural areas, increasing the cost of settlement between them.
 
Answer & Explanation Answer: B) The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.

Explanation:

The passage is based on economic development of the bank. It says that the economic growth of the bank in terms of the money is based on the cost of settlement. If this cost is reduced amongst the countries then the flow of payment will be maintained or vice versa. It is nowhere mentioned in the passage about rural or urban areas so we will take a general context. Hence option B is the correct option.

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Filed Under: English
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Q:

Who among the following has been appointed as member in ‘Financial Stability Institute Advisory Board’ of ‘Bank of International Settlement (BIS)’?

A) Arvind Subramanian B) Amartya Sen
C) Raghuram Rajan D) Urjit Patel
 
Answer & Explanation Answer: D) Urjit Patel

Explanation:

The Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as member in ‘Financial Stability Institute Advisory Board’ of ‘Bank ofInternational Settlement (BIS)’. The Advisory Board will comprise a small but diverse group of central bank Governors, heads of financial sector supervision and chairs of standard-setting bodies and regional supervisory groups.Note:The ‘Financial Stability Institute Advisory Board’ of BIS assists financial sector authorities worldwide in strengthening their financial systems.

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Filed Under: General Awareness

Q:

After a credit card transaction has been authorized by theissuing bank by sending an authorization code to themerchant, the settlement stage of the process begins. Whichof the following is a system type used to process suchstatements?

A) Multitasking B) Memory Processing
C) Level Processing D) Batch Processing
 
Answer & Explanation Answer: D) Batch Processing

Explanation:

After a credit card transaction has been authorized bythe issuing bank by sending an authorization code tothe merchant, the settlement stage of the processbegins. This is called batch processing because anumber (or batch) of transactions is settled all at onetime.

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Filed Under: Computer
Exam Prep: Bank Exams

Q:

Who among the following introduced the Permanent Settlement of Bengal in 1793?

A) Lord Cornwallis B) Robert Clive
C) John Adam D) Lord Ripon
 
Answer & Explanation Answer: A) Lord Cornwallis

Explanation:

Lord Cornwallis introduced the Permanent Settlement of Bengal in 1793.

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Filed Under: Indian History
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