24
Q:

In which year SBI was Nationalised ?

A) 1995 B) 1955
C) 1980 D) 1969

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.

Q:

The internal rate of return is defined as the

Answer

The Internal Rate of Return (IRR) is defined as the measure of an investment’s rate of return. It is also called the discounted cash flow rate of return.

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0 41
Q:

The Accounting period cycle of NSE is

A) Monday to next Friday B) Wednesday to next Tuesday
C) Wednesday to next Wednesday D) Tuesday to next Wednesday
 
Answer & Explanation Answer: B) Wednesday to next Tuesday

Explanation:
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Q:

Public policy tools involve a combination of

A) equipment & penalties B) incentives & equipment
C) penalties & incentives D) All of the above
 
Answer & Explanation Answer: C) penalties & incentives

Explanation:
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0 174
Q:

A decline in the real interest rate will

A) shift the investment schedule downward B) shift the investment schedule leftward
C) increase the amount of investment spending D) None of the above
 
Answer & Explanation Answer: C) increase the amount of investment spending

Explanation:

The real interest rate is the percentage increase in purchasing power that the lender receives on a loan. A decline in the real interest rate will increase the amount of investment spending.

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0 260
Q:

The interest-rate effect suggests that

A) an increase in the price level will increase the demand for money, reduce interest rates, and decrease consumption and investment spending B) an increase in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending
C) a decrease in the supply of money will increase interest rates and reduce interest-sensitive consumption and investment spending D) an increase in the price level will decrease the demand for money, reduce interest rates, and increase consumption and investment spending
 
Answer & Explanation Answer: B) an increase in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending

Explanation:

The interest-rate effect suggests that an increase in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending.

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0 253
Q:

SIP full form is

A) Sudden Investing Plan B) Systematic Investment Plan
C) Savings Investmets Plan D) None of the above
 
Answer & Explanation Answer: B) Systematic Investment Plan

Explanation:

SIP is Systematic Investment Plan.

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0 333
Q:

Fixed Foreign Exchange rate can be changed by

A) SEBI B) Ministry of Finance
C) RBI D) All of the above
 
Answer & Explanation Answer: C) RBI

Explanation:

Fixed Foreign Exchange rate can be changed by Reserve Bank Of India (RBI).

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1 348
Q:

Which best describes the difference between stocks and bonds?

A) stocks allow investors to own a portion of the company; bonds are loans to the company B) stocks are more reliable investment;bonds tend to be more volatile
C) stocks allow investors to share in profits;bonds make investors responsible for company debts D) stocks pay interest to investors throughout the year; bonds only pay interest at fixed times during the year
 
Answer & Explanation Answer: B) stocks are more reliable investment;bonds tend to be more volatile

Explanation:
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