Q:

The banks avail long-term loans from Reserve Bank of India (RBI) by putting no collateral securities. This loan is availed under which of the following lending rates?

A) Bank rate	B) Repo rate
C) Reserve repo rate	D) Marginal Standing Facily

Answer & Explanation Answer: A) Bank rate

Explanation:

The bank rateis the rate of interest at which banks takelong term loansfrom Reserve Bank of India (RBI) by putting no collateral security. It is the rate at which RBI rediscounts the bills of exchange and government securities held by the commercial banks. For controlling the credit, inflation and money supply, RBI increases the bank rate.

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Filed Under: General Awareness

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Q:

What is a bank rate?

A) Rate at which Central bank of a country advances loans to other banks in the country	B) Rate at which banks advance loans to the customers
C) Rate at which banks lend among themselves	D) Rate at which banks lend to money lenders

Answer & Explanation Answer: A) Rate at which Central bank of a country advances loans to other banks in the country

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following taxes is levied by the State Government only?

A) Wealth tax	B) Entertainment tax
C) Income tax	D) Gift tax

Answer & Explanation Answer: B) Entertainment tax

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of these countries got Independence from United Kingdom?

A) Uzbekistan	B) India
C) Venezuela	D) South Korea

Answer & Explanation Answer: B) India

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The fat digesting enzyme Lipase is secreted by which of the following

A) Kidneys	B) Pancreas
C) Large Intestine	D) Liver

Answer & Explanation Answer: B) Pancreas

Explanation:

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

Everybody knows(1)/ that Bhutan is the most peaceful(2)/ of all other countries of the world.(3)/ No Error(4)

A) 1	B) 2
C) 3	D) 4

Answer & Explanation Answer: C) 3

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

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Q:

National Good Governance Day is observed in India on

A) Dec 24	B) Dec 25
C) Dec 26	D) Dec 31

Answer & Explanation Answer: B) Dec 25

Explanation:

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Filed Under: Important Days and Years
Exam Prep: Bank Exams

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Q:

National sport of Argentina?

A) Football	B) Archery
C) Volleyball	D) Pato

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