Questions

Q:

Which is the first payment bank in India?

A) Fino Payments Bank B) Airtel Payments Bank
C) Aditya Birla Payments Bank D) Paytm Payments Bank
 
Answer & Explanation Answer: B) Airtel Payments Bank

Explanation:

Airtel Payments Bank is the first payment bank in India. A payments bank is a new category of banks conceptualized by the Reserve Bank of India, which operates at a smaller scale than an actual bank and doesn't involve any credit risk. It can carry out most banking operations but can't advance loans or issue credit cards.

 


The RBI as of date has given licences to 11 payments bank of which six are currently operational. These include

  1. Aditya Birla Payments Bank,
  2. Airtel Payments Bank,
  3. India Post Payments Bank,
  4. Fino Payments Bank,
  5. Jio Payments Bank (and)
  6. Paytm Payments Bank.
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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
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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
Exam Prep: CAT , GRE , TOEFL

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Q:

An ionic bond is formed when

A) sharing of electrons B) transfer of electrons
C) Both A & B D) losing of protons
 
Answer & Explanation Answer: B) transfer of electrons

Explanation:

An ionic bond is formed in between the two atoms with the transfer of electrons from an atom to the other to become stable after pairing.

an_ionic_bond_is_formed_when1535690989.jpg image

The atom which has low ionization energy will give some of its electrons to get stable electronic configuration .

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams , GATE
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Q:

Atomic number is always equal to ______.

A) Number of protons B) Number of neutrons
C) Number of electrons D) Sum of protons and neutrons  
 
Answer & Explanation Answer: A) Number of protons

Explanation:
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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams

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Q:

when an atom loses an electron it becomes

A) neutron B) negative ion
C) positive ion D) none of the above
 
Answer & Explanation Answer: C) positive ion

Explanation:

If it loses an electron it becomes a positive ion

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Filed Under: Physics
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Q:

ISRO got approval for SSLV. It's stands for

A) Small Satellite Launch Vehicle B) Small Scale Limited Vehicles
C) Secondary Scaling Ltd Vehicles D) None of the above
 
Answer & Explanation Answer: A) Small Satellite Launch Vehicle

Explanation:
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Filed Under: General Awareness
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Q:

Who is the founder of WikiLeaks - a website that publishes comments, submissions of secret information and documents that often becomes controversial?

Answer

Julian Assange

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Q:

Which of the following awarded Noble peace prize for three times

A) Human rights council B) World bank
C) International Commitee of the red cross D) Un Peacekeeping forces
 
Answer & Explanation Answer: C) International Commitee of the red cross

Explanation:
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Filed Under: World Organisations

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