Business Awareness Questions

Q:

 In December 2017, as per the announcement made by the finance Ministry, nearly how much amount have banks lost on account of frauds in the fiscal 2016-17?

A) Rs 50,000 crore B) Rs 5000 crore
C) Rs 17,000 crore D) Rs 1,000 crore
 
Answer & Explanation Answer: C) Rs 17,000 crore

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Q:

The market structure called monopoly exists where there is exactly ______ seller in any market.

A) 1 B) 2
C) 5 D) 10
 
Answer & Explanation Answer: A) 1

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Q:

Which institution in India acts as 'lender of the last resort'?

A) Finance Ministry B) Reserve Bank of India
C) Treasury D) Currency Printing Presses
 
Answer & Explanation Answer: B) Reserve Bank of India

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Q:

An advantage of the corporate form of business is that

A) Easier to raise capital B) The Business Lives On
C) Protecting Personal Assets D) All the above
 
Answer & Explanation Answer: D) All the above

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Exam Prep: Bank Exams , CAT

3 1229
Q:

Which of the following banks has launched contactless ‘RuPay Select’ debit card in association with NPCI (National Payment Corporation of India) in December 2020?

 

A) Central Bank of India B) ICICI
C) HDFC D) SBI
 
Answer & Explanation Answer: A) Central Bank of India

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Q:

Which application was launched by Reserve Bank of India in January 2020 to help visually challenged people identify new currency notes?

 

A) OLTAS B) NEFT
C) MANI D) DRI
 
Answer & Explanation Answer: C) MANI

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Q:

Who among the following was appointed as the Deputy Governor of Reserve Bank of India (RBI) in January 2020?

 

A) NS Vishwanathan   B) BP Kanungo  
C) Michael Debabrata Patra   D) Viral Acharya  
 
Answer & Explanation Answer: C) Michael Debabrata Patra  

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Q:

The rate of interest on which commercial banks borrow money from RBI to meet their short term credit needs is known as:

 

A) Sub-Prime Lending Rate B) Statutory Lending Rate
C) Prime Lending Rate D) Bank Rate
 
Answer & Explanation Answer: D) Bank Rate

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