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Q:

PMVVY (Pradhan Mantri Vaya Vandana Yojana) pension limit extends to which timeline?

A) March, 2021 B) March, 2019
C) March, 2022 D) March, 2020
 
Answer & Explanation Answer: D) March, 2020

Explanation:

PMVVY (Pradhan Mantri Vaya Vandana Yojana) pension limit extends to March, 2020.
The Union Cabinet, chaired by Prime Minister Narendra Modi approved extending the investment limit from Rs 7.5 lakh to Rs 15 lakh under the Pradhan Mantri Vaya Vandana Yojana (PMVVY).
It also extended the last date for a subscription to the scheme till March 31, 2020. The time limit was earlier supposed to end on May 4, 2018.
The PMVVY is being implemented through Life Insurance Corp (LIC) to provide social security during old age and protect the elderly aged 60 years and above against a future fall in their interest income due to uncertain market conditions. The scheme provides an assured pension based on a guaranteed rate of return of 8 percent per annum for 10 years.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Trickle down theory ignores the impact of economic growth on

A) Investment B) Savings
C) Income distribution D) consumption
 
Answer & Explanation Answer: C) Income distribution

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

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Q:

A defective piece of article which costs Rs. 1200 is being sold at a loss of 15%. If the price is further reduced by 5%, find the S.P?

A) Rs.960 B) Rs.990
C) Rs.1000 D) Rs.969
 
Answer & Explanation Answer: D) Rs.969

Explanation:
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Filed Under: Percentage
Exam Prep: Bank Exams

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Q:

In the following question, four words are given out of which one word is correctly spelt. Select the correctly spelt word.

 

A) unattractiveness   B) unatrractiveness  
C) unattracttiveness   D) unatrracttiveness
 
Answer & Explanation Answer: A) unattractiveness  

Explanation:
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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

How many states of India have sea-shore?

A) 7 B) 8
C) 9 D) 6
 
Answer & Explanation Answer: C) 9

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

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Q:

If a mirror is placed on the line MN, then which of the answer figures is the right image of the given figure?

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: D) 4

Explanation:
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Filed Under: Image Analysis
Exam Prep: Bank Exams

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Q:

The simple interest on a sum for 5 years is Rs 16800. The rate of interest for the first 3 years is 8% per annum and for the next 2 years is 12% per annum. What is the value (in Rs) of sum?

A) 30000 B) 38000
C) 32000 D) 35000
 
Answer & Explanation Answer: D) 35000

Explanation:
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Filed Under: Simple Interest
Exam Prep: Bank Exams

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Q:

X drives 30 km south, then turns right and drives 30km, then turns left and drives 20 km and then turns left and drives 30 km. How far is X from his/her initial position?

A) 20 km B) 30 km
C) 60 km D) 50 km
 
Answer & Explanation Answer: D) 50 km

Explanation:
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Filed Under: Direction Sense Test
Exam Prep: Bank Exams

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