General Affairs
Ram Setu Existed, Claims Science Channel Trailer
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Several union ministers and leaders of the ruling BJP have cheered the trailer of a US Science channel programme that suggests that the "Ram Setu" or a mythical bridge connecting India and Sri Lanka is a reality that is based on scientific evidence.
The Discovery Communications-produced show, "Ancient Land Bridge", quotes American archaeologists to say a 30-mile line between India and Sri Lanka is made up of rocks that are 7,000 years old, older than even a sandbar supporting them, which is 4,000 years old. The promo claims that the structure is not natural but man-made, citing images from a NASA satellite,.
Smriti Irani, the Union Information and Broadcasting Minister, retweeted the promo video with the caption "Jai Shri Ram"; since it was posted earlier this week, the promo has been viewed 3.5 million times on Facebook and has over 230,000 views on Twitter.
It is the belief of millions of Hindus that the Ram Setu was built by Lord Ram with help from an army of monkeys, to rescue his wife Sita from the demon king Ravana, described in the epic Ramayana.
Union Minister Ravi Shankar Prasad today said the show reaffirms that belief. He tore into the previous Congress-led UPA government for its stand.
In 2007, then union minister Kapil Sibal of the Congress had said that there is no scientific evidence to prove the Ram Setu is manmade but argued that people's faith should be respected. This was the government's submission in the Supreme Court, which was hearing a petition against a project to set up a shipping channel between India and Lanka.
Amid protests, the Congress-led government withdrew its affidavit in court.
"Those who filed the affidavit should explain now. The research has supported what the BJP has been claiming all along...The setu is part of our cultural heritage," Mr Prasad said.
Minister of State for Home, Kiren Rijiju, also said: "This is what the BJP has been saying all along."
The Science Channel trailer quotes studies and scientists from Indiana University Northwest, University of Colorado Boulder, and Southern Oregon University.
Earlier this year, the Indian Council of Historical Research announced underwater studies at the spot.
The Discovery Communications-produced show, "Ancient Land Bridge", quotes American archaeologists to say a 30-mile line between India and Sri Lanka is made up of rocks that are 7,000 years old, older than even a sandbar supporting them, which is 4,000 years old. The promo claims that the structure is not natural but man-made, citing images from a NASA satellite,.
Smriti Irani, the Union Information and Broadcasting Minister, retweeted the promo video with the caption "Jai Shri Ram"; since it was posted earlier this week, the promo has been viewed 3.5 million times on Facebook and has over 230,000 views on Twitter.
It is the belief of millions of Hindus that the Ram Setu was built by Lord Ram with help from an army of monkeys, to rescue his wife Sita from the demon king Ravana, described in the epic Ramayana.
Union Minister Ravi Shankar Prasad today said the show reaffirms that belief. He tore into the previous Congress-led UPA government for its stand.
In 2007, then union minister Kapil Sibal of the Congress had said that there is no scientific evidence to prove the Ram Setu is manmade but argued that people's faith should be respected. This was the government's submission in the Supreme Court, which was hearing a petition against a project to set up a shipping channel between India and Lanka.
Amid protests, the Congress-led government withdrew its affidavit in court.
"Those who filed the affidavit should explain now. The research has supported what the BJP has been claiming all along...The setu is part of our cultural heritage," Mr Prasad said.
Minister of State for Home, Kiren Rijiju, also said: "This is what the BJP has been saying all along."
The Science Channel trailer quotes studies and scientists from Indiana University Northwest, University of Colorado Boulder, and Southern Oregon University.
Earlier this year, the Indian Council of Historical Research announced underwater studies at the spot.
PM Modi Addresses Gathering At FICCI's 90th Annual General Meet
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Prime Minister Narendra Modi addresses a gathering at the Federation of Indian Chambers of Commerce and Industry (FICCI) 90th annual general meeting. Says government trying to setup a transparent system.
Here are the highlights of PM Modi's address:
People are tired of corruption and black money. This is the time for change. They should understand the hopes and aspirations of people
My government is trying to wipe out corruption
Over 5 crore toilets were built in the last three years
There have been three crore new entrepreneurs in the last three years
We knew that the poor needed to have bank accounts. Today when we see the Jan Dhan Yojana, more than 30 crore people have bank accounts
The opening of bank accounts has resulted in lower inflation. And this had happened because of just one scheme
I have come to you from a poor man's world. The world has taught me that we should understand the nation's, poor people's aspirations and then implement schemes.
UPA government's biggest scams were 2G, Commonwealth. all were linked to banks. Banks' interests and the people's interests will be protected
News is running stories contrary to what is actually happening
GST was the need of the hour
Banks were pressurised by previous governments to give loans of thousands of crores to industrialists. Under Mundra scheme, over Rs. 4 lakh crore in loans given without guarantees to about 9.75 lakh youth for business
To the smallest businessman, we're trying to bring them into the mainstream
Bank loans to select industrialists was loot of public money under UPA; it is a scam bigger than Commonwealth, 2G, coal scams
Small business will be more competitive in a global scenario
I have been told that FICCI's MSME vertical was started in 2013. In a 90 year old organisation, the MSME vertical is only 4 years old. The money owed to MSMEs by big companies, can that be given quickly? Large amounts are stuck with these big companies
Here are the highlights of PM Modi's address:
People are tired of corruption and black money. This is the time for change. They should understand the hopes and aspirations of people
My government is trying to wipe out corruption
Over 5 crore toilets were built in the last three years
There have been three crore new entrepreneurs in the last three years
We knew that the poor needed to have bank accounts. Today when we see the Jan Dhan Yojana, more than 30 crore people have bank accounts
The opening of bank accounts has resulted in lower inflation. And this had happened because of just one scheme
I have come to you from a poor man's world. The world has taught me that we should understand the nation's, poor people's aspirations and then implement schemes.
UPA government's biggest scams were 2G, Commonwealth. all were linked to banks. Banks' interests and the people's interests will be protected
News is running stories contrary to what is actually happening
GST was the need of the hour
Banks were pressurised by previous governments to give loans of thousands of crores to industrialists. Under Mundra scheme, over Rs. 4 lakh crore in loans given without guarantees to about 9.75 lakh youth for business
To the smallest businessman, we're trying to bring them into the mainstream
Bank loans to select industrialists was loot of public money under UPA; it is a scam bigger than Commonwealth, 2G, coal scams
Small business will be more competitive in a global scenario
I have been told that FICCI's MSME vertical was started in 2013. In a 90 year old organisation, the MSME vertical is only 4 years old. The money owed to MSMEs by big companies, can that be given quickly? Large amounts are stuck with these big companies
Abortions In India 20 Times Higher Than Estimated: Study
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Some 15.6 million abortions take place in India each year, with the majority of women taking pills at home without adequate counselling, a study said on Tuesday, calling for more trained doctors in public hospitals.
The New York-based Guttmacher Institute's research found that abortions are more than 22 times more common than the government's estimate of less than 700,000 terminations, produced by focusing on state-run hospitals and clinics.
Just over 80 percent of abortions took place using drugs like mifepristone and misoprostol, 14 percent were performed surgically in clinics and hospitals, and 5 percent were conducted using other, typically unsafe, methods.
"Women in India face considerable challenges trying to obtain abortion care, including the limited availability of abortion services in public health facilities," the Guttmacher Institute's investigator Susheela Singh, said in a statement.
"Our findings suggest that a shortage of trained staff and inadequate supplies and equipment are the primary reasons many public facilities don't provide abortion care," she said of the study, published in the Lancet Global Health journal.
It is India's first national study of the incidence of abortion and unintended pregnancy, researchers said.
Half of India's more than 48 million pregnancies were unintended, and a third resulted in abortions, the study said, using 2015 abortion pill sales and distribution data and surveys of six highly populated states.
Researchers said that close to three in four abortions were achieved using drugs from chemists and informal vendors, rather than from health facilities where proper counselling and health checks should be provided.
In addition, the public sector - the main source of health care for rural and poor women - accounted for only a quarter of abortions, partly because many state-run hospitals and clinics do not offer abortion services.
"Although abortion has been legal under a broad range of criteria in India since 1971, we have never had a reliable estimate of the number occurring until now," said Chander Shekhar from the Mumbai-based International Institute for Population Sciences, which collaborated on the study.
"This new evidence provides policymakers with information that is essential for designing and implementing effective reproductive health care programs," he added in a statement.
The New York-based Guttmacher Institute's research found that abortions are more than 22 times more common than the government's estimate of less than 700,000 terminations, produced by focusing on state-run hospitals and clinics.
Just over 80 percent of abortions took place using drugs like mifepristone and misoprostol, 14 percent were performed surgically in clinics and hospitals, and 5 percent were conducted using other, typically unsafe, methods.
"Women in India face considerable challenges trying to obtain abortion care, including the limited availability of abortion services in public health facilities," the Guttmacher Institute's investigator Susheela Singh, said in a statement.
"Our findings suggest that a shortage of trained staff and inadequate supplies and equipment are the primary reasons many public facilities don't provide abortion care," she said of the study, published in the Lancet Global Health journal.
It is India's first national study of the incidence of abortion and unintended pregnancy, researchers said.
Half of India's more than 48 million pregnancies were unintended, and a third resulted in abortions, the study said, using 2015 abortion pill sales and distribution data and surveys of six highly populated states.
Researchers said that close to three in four abortions were achieved using drugs from chemists and informal vendors, rather than from health facilities where proper counselling and health checks should be provided.
In addition, the public sector - the main source of health care for rural and poor women - accounted for only a quarter of abortions, partly because many state-run hospitals and clinics do not offer abortion services.
"Although abortion has been legal under a broad range of criteria in India since 1971, we have never had a reliable estimate of the number occurring until now," said Chander Shekhar from the Mumbai-based International Institute for Population Sciences, which collaborated on the study.
"This new evidence provides policymakers with information that is essential for designing and implementing effective reproductive health care programs," he added in a statement.
Submarine Kalvari To Be Commissioned By PM Modi Tomorrow
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Kalvari, the first of the six Scorpene-class submarines handed over by shipbuilder Mazagon Dock Limited, will be commissioned into the Navy by Prime Minister Narendra Modi here tomorrow.
The prime minister will unveil its plaque at the commissioning ceremony tomorrow, an official told PTI.
This will be preceded by reading out the commissioning warrant, hoisting of colours and breaking of commissioning pennant with national anthem, the official said.
Pennant is a tapering flag on a ship, especially one flown at the masthead of a vessel in commission.
Defence Minister Nirmala Sitharaman, Navy chief Admiral Sunil Lanba, Vice Admiral Girish Luthra, Flag Officer Commanding of the Western Naval Command, and top defence officials will attend the commissioning ceremony.
"Kalvari underwent around 120 days of extensive sea trials and tests for various equipment," the official said, adding the vessel is expected to bolster India's maritime prowess.
The submarines, designed by French naval defence and energy company DCNS, are being built by Mazagon Dock Limited (MDL) in Mumbai as part of Project-75 of the Indian Navy.
"The technology utilised in the Scorpene has ensured superior stealth features such as advanced acoustic silencing techniques, low radiated noise levels, hydro-dynamically optimised shape and the ability to launch a crippling attack on the enemy using precision guided weapons," an official of the MDL said.
Kalvari is named after the dreaded tiger shark, a deadly deep sea predator of the Indian Ocean.
The first Kalvari, commissioned on December 8, 1967, was also the first submarine of the Indian Navy. It was decommissioned on May 31, 1996 after nearly three decades of service.
The prime minister will unveil its plaque at the commissioning ceremony tomorrow, an official told PTI.
This will be preceded by reading out the commissioning warrant, hoisting of colours and breaking of commissioning pennant with national anthem, the official said.
Pennant is a tapering flag on a ship, especially one flown at the masthead of a vessel in commission.
Defence Minister Nirmala Sitharaman, Navy chief Admiral Sunil Lanba, Vice Admiral Girish Luthra, Flag Officer Commanding of the Western Naval Command, and top defence officials will attend the commissioning ceremony.
"Kalvari underwent around 120 days of extensive sea trials and tests for various equipment," the official said, adding the vessel is expected to bolster India's maritime prowess.
The submarines, designed by French naval defence and energy company DCNS, are being built by Mazagon Dock Limited (MDL) in Mumbai as part of Project-75 of the Indian Navy.
"The technology utilised in the Scorpene has ensured superior stealth features such as advanced acoustic silencing techniques, low radiated noise levels, hydro-dynamically optimised shape and the ability to launch a crippling attack on the enemy using precision guided weapons," an official of the MDL said.
Kalvari is named after the dreaded tiger shark, a deadly deep sea predator of the Indian Ocean.
The first Kalvari, commissioned on December 8, 1967, was also the first submarine of the Indian Navy. It was decommissioned on May 31, 1996 after nearly three decades of service.
36 Hours On, No Traces Of 5 Soldiers Missing After Avalanches Hit Kashmir
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Five soldiers are missing after an avalanche, triggered by fresh snowfall, struck near the Line of Control in Gurez and Nowgam sectors of Jammu and Kashmir on Monday, the army said. The chances of survival of missing soldiers are bleak, said the officials, as the rescue operations were hampered by continued snowfall and extreme cold wave conditions.
"It has been more than 36 hours since the soldiers went missing. Searches and rescue operations are on but it is very difficult terrain and weather conditions are very hostile," said an army official.
Three soldiers were caught in avalanche at Baktoor in Gurez sector on Monday evening and two soldiers slipped down the slope in Nowgam sector. Both the areas are cutoff from rest of the state due to heavy snowfall.
Flight operations at the Srinagar airport were suspended on Tuesday and all major highways, including the Srinagar-Jammu National Highway have been closed for traffic.
These areas are considered vulnerable to infiltration, therefore the army guards these forward posts in avalanche prone zones even during harsh winters.
The Meteorological Department has predicted heavy rains and snowfall in the Valley till Friday. The Jammu and Kashmir Police have established helplines in various districts for people to seek help during an emergency arising due to snowfall and rains.
Earlier this year, several soldiers were killed in Kashmir as avalanches hit a military post and a patrol along the Line of Control. In January this year, 20 soldiers were killed in Gurez and Machil sectors after they were hit by massive avalanches.
"It has been more than 36 hours since the soldiers went missing. Searches and rescue operations are on but it is very difficult terrain and weather conditions are very hostile," said an army official.
Three soldiers were caught in avalanche at Baktoor in Gurez sector on Monday evening and two soldiers slipped down the slope in Nowgam sector. Both the areas are cutoff from rest of the state due to heavy snowfall.
Flight operations at the Srinagar airport were suspended on Tuesday and all major highways, including the Srinagar-Jammu National Highway have been closed for traffic.
These areas are considered vulnerable to infiltration, therefore the army guards these forward posts in avalanche prone zones even during harsh winters.
The Meteorological Department has predicted heavy rains and snowfall in the Valley till Friday. The Jammu and Kashmir Police have established helplines in various districts for people to seek help during an emergency arising due to snowfall and rains.
Earlier this year, several soldiers were killed in Kashmir as avalanches hit a military post and a patrol along the Line of Control. In January this year, 20 soldiers were killed in Gurez and Machil sectors after they were hit by massive avalanches.
Business Affairs
GST Network Makes Filing Returns Easier For Taxpayers
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The GST Network said it has introduced a functionality which simplifies the returns filing process for taxpayers.
"A new functionality has been introduced on the GST portal for ease of the taxpayers under which questions will be posed as soon as the taxpayer enters the Returns dashboard and only relevant tiles will be displayed to the taxpayers based on the answers to the questions posed," the GST Network said in a statement.
This has been started first with GSTR-3B returns (initial sales return), it added.
For 'nil' GSTR 3B returns, one-click filing has been introduced as no tile will be shown to such taxpayers. Also, a help section has been provided on each page for the convenience of the taxpayer.
"Until now, taxpayers were shown all tiles with payments when they enter the Returns dashboard but now they will be shown only those tiles which are relevant for them.
"They will be asked questions and basis their response, they will be shown only relevant tiles," said Prakash Kumar, CEO of the Goods and Services Tax Network (GSTN). The new facility will result in time savings for the taxpayers, said GSTN, which provides the IT backbone for the new indirect tax regime.
"A new functionality has been introduced on the GST portal for ease of the taxpayers under which questions will be posed as soon as the taxpayer enters the Returns dashboard and only relevant tiles will be displayed to the taxpayers based on the answers to the questions posed," the GST Network said in a statement.
This has been started first with GSTR-3B returns (initial sales return), it added.
For 'nil' GSTR 3B returns, one-click filing has been introduced as no tile will be shown to such taxpayers. Also, a help section has been provided on each page for the convenience of the taxpayer.
"Until now, taxpayers were shown all tiles with payments when they enter the Returns dashboard but now they will be shown only those tiles which are relevant for them.
"They will be asked questions and basis their response, they will be shown only relevant tiles," said Prakash Kumar, CEO of the Goods and Services Tax Network (GSTN). The new facility will result in time savings for the taxpayers, said GSTN, which provides the IT backbone for the new indirect tax regime.
Gold Prices Rise After Six Days Of Losses
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Gold prices on Wednesday made a turnaround after six days of losses, recovering by Rs. 35 to Rs. 29,435 per 10 grams at the bullion market on scattered buying by local jewellers at prevailing levels.
However, silver remained under selling pressure and went further down by Rs. 175 to Rs. 37,600 per kg due to poor offtake by industrial units and coin makers.
Traders said, emergence of buying at lower levels by local jewellers and retailers at domestic spot market, mainly helped gold prices to recover.
On the other hand, gold was trading 0.16 per cent down at $ 1,242 an ounce in Singapore ahead of the outcome of a two-day meeting of the US Federal Reserve.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity edged up by Rs. 35 each to Rs. 29,435 and Rs. 29,285 per 10 grams, respectively. The precious metal had lost Rs. 850 in the previous six days.
Sovereign, however, remained unaltered at Rs. 24,400 per piece of eight grams. On the contrary, silver ready fell further by Rs. 175 to Rs. 37,600 per kg and weekly-based delivery by Rs. 120 to Rs. 36,780 per kg.
Silver coins, however, held steady at Rs. 70,000 for buying and Rs. 71,000 for selling of 100 pieces.
However, silver remained under selling pressure and went further down by Rs. 175 to Rs. 37,600 per kg due to poor offtake by industrial units and coin makers.
Traders said, emergence of buying at lower levels by local jewellers and retailers at domestic spot market, mainly helped gold prices to recover.
On the other hand, gold was trading 0.16 per cent down at $ 1,242 an ounce in Singapore ahead of the outcome of a two-day meeting of the US Federal Reserve.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity edged up by Rs. 35 each to Rs. 29,435 and Rs. 29,285 per 10 grams, respectively. The precious metal had lost Rs. 850 in the previous six days.
Sovereign, however, remained unaltered at Rs. 24,400 per piece of eight grams. On the contrary, silver ready fell further by Rs. 175 to Rs. 37,600 per kg and weekly-based delivery by Rs. 120 to Rs. 36,780 per kg.
Silver coins, however, held steady at Rs. 70,000 for buying and Rs. 71,000 for selling of 100 pieces.
Bank Account-Aadhaar Linking Deadline Extended: Other Aadhaar Deadlines
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The government has extended the deadline for linking the national unique ID, Aadhaar and PAN (Permanent Account Number) with one's bank. The previous deadline for doing this was December 31. The government had made quoting of the 12-digit biometric identifier Aadhaar mandatory for old and new bank accounts as well as for any financial transaction of Rs. 50,000 and above.
Earlier in December the Government had extended the deadline for linking Aadhaar card with PAN from December 31 to March 31, 2018. Under the Prevention of Money Laundering Act (PMLA) of 2002, Aadhaar, PAN and other official documents are required to be obtained by banks and financial institutions from anyone opening a bank account as well as for any financial transaction of Rs. 50,000 and above.
The decision to extend the deadline was taken after various representations as well as inputs received from banks, it added.
With the latest amendment, March 31 is now the deadline for both linking Aadhaar to PAN and linking Aadhaar to your bank account. Here are some other Aadhaar linking deadlines:
Aadhaar linking with SIM:
The government has said that it is mandatory for Aadhaar to be linked with mobile SIM. The deadline for this is February 6, next year.
Aadhaar-mutual fund linking:
Whether you are a first time investor to mutual funds or seasoned trader, new regulations under the Prevention of Money Laundering Act (PMLA) have mandated that everyone must link their aadhaar number to their mutual funds profile. Currently, the deadline of 31 December has been set for mutual funds to link all of their customers' Aadhaar.
Aadhaar-Social Security Schemes linking:
The last day to link Aadhaar to social security services is December 31, 2017. These services include availing of LPG cylinders and educational scholarships, among other things.
Earlier in December the Government had extended the deadline for linking Aadhaar card with PAN from December 31 to March 31, 2018. Under the Prevention of Money Laundering Act (PMLA) of 2002, Aadhaar, PAN and other official documents are required to be obtained by banks and financial institutions from anyone opening a bank account as well as for any financial transaction of Rs. 50,000 and above.
The decision to extend the deadline was taken after various representations as well as inputs received from banks, it added.
With the latest amendment, March 31 is now the deadline for both linking Aadhaar to PAN and linking Aadhaar to your bank account. Here are some other Aadhaar linking deadlines:
Aadhaar linking with SIM:
The government has said that it is mandatory for Aadhaar to be linked with mobile SIM. The deadline for this is February 6, next year.
Aadhaar-mutual fund linking:
Whether you are a first time investor to mutual funds or seasoned trader, new regulations under the Prevention of Money Laundering Act (PMLA) have mandated that everyone must link their aadhaar number to their mutual funds profile. Currently, the deadline of 31 December has been set for mutual funds to link all of their customers' Aadhaar.
Aadhaar-Social Security Schemes linking:
The last day to link Aadhaar to social security services is December 31, 2017. These services include availing of LPG cylinders and educational scholarships, among other things.
Sensex Falls, Nifty Near 10,210 On Weak Macro Data
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Key stock barometer Sensex fell 105 points on Wednesday after disappointing economic data forced investors to tighten their exposure. Surging oil prices and a sluggish trend in Asian markets brought pain, too.
The 30-share gauge declined 104.55 points, or 0.31 per cent, at 33,123.44. FMCG, banking and power indices retreated by up to 0.16 per cent. The gauge had lost 227.80 points in the previous session.
The NSE Nifty slipped 29.60 points, or 0.28 per cent, to 10,210.55. Market mood took a hit after government data, released after trading hours on Tuesday, showed that industrial production growth hit a 3-month low of 2.2 per cent in October and retail inflation jumped to a 15-month high of 4.88 per cent in November.
Investors brushed off another record close on Wall Street and looked forward to the Federal Reserve's latest policy meeting outcome today. Japan's Nikkei shed 0.66 per cent while Shanghai
Composite was down 0.12 per cent in early trade today. Hong Kong's Hang Seng, however, was up 0.22 per cent. Meanwhile, the US Dow Jones Industrial Average ended 0.49 per cent higher on Tuesday.
The 30-share gauge declined 104.55 points, or 0.31 per cent, at 33,123.44. FMCG, banking and power indices retreated by up to 0.16 per cent. The gauge had lost 227.80 points in the previous session.
The NSE Nifty slipped 29.60 points, or 0.28 per cent, to 10,210.55. Market mood took a hit after government data, released after trading hours on Tuesday, showed that industrial production growth hit a 3-month low of 2.2 per cent in October and retail inflation jumped to a 15-month high of 4.88 per cent in November.
Investors brushed off another record close on Wall Street and looked forward to the Federal Reserve's latest policy meeting outcome today. Japan's Nikkei shed 0.66 per cent while Shanghai
Composite was down 0.12 per cent in early trade today. Hong Kong's Hang Seng, however, was up 0.22 per cent. Meanwhile, the US Dow Jones Industrial Average ended 0.49 per cent higher on Tuesday.
Railways Enhances Age Limit To Re-Engage Retired Employees
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Retired from the Railways, but yet to turn 65? Now, retired rail employees can seek re-engagement with the national transporter till they attain the age of 65 years.
In a letter written by the Railway Board to all the general managers on Tuesday, the age limit of the retired employees seeking re-engagement has been enhanced from 62 to 65 years, allowing more of such employees to lend their expertise to the railways.
"The board has decided to enhance the maximum age limit for re-engagement of retired hands to 65 years from the existing age limit of 62 years."
"Further, it has also been decided to extend the validity of the scheme of re-engagement of retired employees to January 12, 2019 as against the existing validity up to September 14, 2018," the letter stated.
The board, in a letter dated October 16, had empowered the divisional railway managers (DRMs) to re-engage retired rail personnel in appropriate posts.
It had also said that those re-appointed could only be in service till they turned 62, which has now been extended to 65 years.
The retirement age for the employees is 60.
The monthly remuneration of such employees would be determined by "reducing the pension amount from their last drawn salary", the letter written in October had stated.
It had also said the suitability or competence of the staff should be assessed before their re-engagement and their safety record as well as other operational requirements should be adequately addressed.
These norms, however, would remain the same, the letter written by the Railway Board clarified.
In a letter written by the Railway Board to all the general managers on Tuesday, the age limit of the retired employees seeking re-engagement has been enhanced from 62 to 65 years, allowing more of such employees to lend their expertise to the railways.
"The board has decided to enhance the maximum age limit for re-engagement of retired hands to 65 years from the existing age limit of 62 years."
"Further, it has also been decided to extend the validity of the scheme of re-engagement of retired employees to January 12, 2019 as against the existing validity up to September 14, 2018," the letter stated.
The board, in a letter dated October 16, had empowered the divisional railway managers (DRMs) to re-engage retired rail personnel in appropriate posts.
It had also said that those re-appointed could only be in service till they turned 62, which has now been extended to 65 years.
The retirement age for the employees is 60.
The monthly remuneration of such employees would be determined by "reducing the pension amount from their last drawn salary", the letter written in October had stated.
It had also said the suitability or competence of the staff should be assessed before their re-engagement and their safety record as well as other operational requirements should be adequately addressed.
These norms, however, would remain the same, the letter written by the Railway Board clarified.
General Awareness
BANKING AWARENESS PRACTICE QUESTIONS FOR BANK EXAMS
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1. First bank started in India with solely Indian capital investment is:
a) Bank of Baroda
b) Punjab National Bank
c) Punjab & Sind Bank
d) Central Bank of India
e) Canara Bank
2. The banker acts as a Bailee and the customer as Bailor, this relationship is applicable:
a) when a bank lends funds to a corporate customer
b) when a bank accepts US$ FCNR deposits form a NRI customer
c) when a customer operates a safe deposit locker
d) when a customer keeps articles in safe custody with a bank
e) None of the above
3. Which of the following is not a financial intermediary?
a) Banks
b) Financial institutions
c) Mutual funds
d) Non-bank finance companies
e) Companies engaged in manufacturing of good
4. Acustomers lost the Fixed Deposit Receipt issued by the bank. To obtain a duplicate FD he needs to furnish:
a) A Promissory note
b) A collateral security
c) A Letter of Credit
d) An Indemnity bond
e) Counter guarantee by the customer
5. Reserve Bank of India's functions are classified into:
a) Supervisory & Regulatory
b) Promotional & Developmental 132
c) Refinance Activities
d) a & b only
e) a, b & c
6. The scope of activities undertaken by the business correspondents will not include:
a) Disbursal of small value credit
b) Recovery of principal/collection of interest
c) Collection of small value deposits
d) Payment of money on demand drafts not exceeding Rs. 1,000
e) None of the above
7. In strategic Alliance, the alliance partners:
a) Merge with each other 220
b) One partner acquires the other
c) Remain separate entities
d) Amalgamate with one another
e) None of the above
8. A company which pools money from investors and invests in stocks, bonds, shares is called:
a) A bank
b) An insurance company
c) Bank assurance
d) Mutual Fund
e) None of the above
9. Mr. X who is an Ordinary SB account holder of a branch wants to nominate Mr. Y, an U.S. national, who is his friend. Is that allowed?
a) Yes it is freely permitted
b) Yes it is freely permitted, but at the time of settlement of claim and repatriation to the
nominee, branch has to take RBI permission
c) Yes it is freely permitted, subject to Regional office approval
d) Yes it is freely permitted, subject to CO approval
e) No it cannot be allowed
10. In a cheque, the word "Order" is changed to "bearer" by the holder of the cheque. This is called as:
a) Endorsement
b) Material alteration
c) Crossing
d) Special Crossing
e) Allonge
11. If a customer dies without leaving a will and the court appoints a person to handle the customer's Property. Such a person is called as:
a) An administrator
b) An executor
c) A liquidator
d) A successor
e) An Authorised Officer
12. Garnishee order is issued by:
a) Judgment Debtor
b) Judgment Creditor
c) Reserve Bank of India
d) The Court
d) Income Tax Department
13. One of the NRI customers wants to place FCNR deposits in Canadian $ with a bank. Can the
account be opened in Canadian Dollars?
a) Yes, his request can be accepted and open a FCNR a/c
b) No, Bank can not accept his request to open FCNR a/c in Canadian $
c) Will inform the customer to place FCNR in any one of the currencies (US$/ GBP/ JPY/ EUR)
d) Can open after seeking permission from Head Office
e) Can open after obtaining clearance from RBI
14. Which of the following is the the First Paper Currency Note issued by the RBI bearing the portrait of King Geoge VI?
a) Two Rupee Note
b) Five Rupee Note
c) Ten Rupee Note
d) Twenty Rupee Note
e) Fifty Rupee Note
15. Which of the following is the scheme for skill development of minorities?
a) Padho aur kamao
b) Seekho aur kamao
c) Kamao aur jiyo
d) Padho aur Seekho
e) None of the above
16. Capital adequacy is worked out based on:
a) Total demand and time liabilities
b) Net demand and time assets
c) Risk weighted assets
d) Risk weighted liabilities
e) None of the above
17. A Co-Operative Bank operating in different States are regulated by:
a) State Co-Operative Societies Act
b) Banking Regulation Act
c) Multi Unit Co-Operative Societies Act
d) Banking Laws (applicable to Co-Operative Societies)
e) RBI Act 1934
18. If a cheque is accidentally torn by the drawer, the cheque ___
a) Can't be paid
b) Can be paid, if the holder confirms the mutilation
c) Can be paid, if the drawer confirms the mutilation and if otherwise in order
d) Can't be paid, even if the drawer confirms the mutilation and otherwise in order
e) None of the above
19. Tele banking is not based on:
a) Virtual banking,
b) Voice processing,
c) Online banking
d) a & c
e) None of the above
20. Cash payment of Term deposits is possible, if the amount doesn't exceed Rs.:
a) 20,000
b) 25,000
c) 30,000
d) 40,000
e) 50,000
21. Balance in a current account is classified as:
a) Hybrid deposit
b) Term deposit
c) Demand deposit
d) Flexi deposit
e) None of the above
22. The rate at which domestic currency can be converted in to foreign currency and vice-versa is known as:
a) LIBOR
b) Base Rate
c) Repo Rate
d) Exchange Rate
e) Inter Bank Call Money Rate
23. Hypothecation is applicable in the case of ____.
a) Movable goods
b) Immovable property
c) Loan against Insurance Policies
d) Corporate guarantee
e) Gold Loan
24. The minimum percentage of Priority Sector advances to be maintained by foreign banks in India with less than 20 branches is __.
a) 40%
b) 18%
c) 32%
d) 50%
e) 60 %
25. One of the State Government avails of a temporary financial assistance from Reserve Bank of
India. This type of finance is called:
a) Overdraft
b) Temporary loan
c) Short term finance
d) Ways and Means advance
e) Repo
26. Which one of the following is known as 'Demat' account?
a) Account in which shares are held in electronic form
b) Other than those given as options
c) Account allowed to be operated by guardian of minor
d) Account operated by business correspondents in rural
e) None of the above
27. External commercial borrowings are governed under:
a) Foreign Exchange Regulation Act
b) Securitisation and Reconstruction of Financial assets and enforcement of security interest Act
c) Debt Recovery Tribunal Act
d) Foreign exchange management Act
e) None of the above
28. Maximum Bank Rate that can be declared by the Reserve Bank of India is:
a) 6%
b) 20%
c) 25%
d) 1% over MCLR
e) No such ceiling
29. Obligation of a Banker to maintain secrecy is applicable to:
a) Only in case of existing deposit accounts
b) Only in respect existing loan accounts
c) Only in case of closed accounts
d) All types of deposit/loan accounts (existing/closed)
e) No need of maintaining secrecy to exhibit transparency in banking transactions
30. A mortgage involves:
a) Transfer of ownership
b) Transfer of interest in Immovable property
c) Transfer of possession
d) a & c
e) None of the above
31. Bank A allows one of its clients to withdraw against clearing of a cheque. The banker is called as:
a) Collecting Banker
b) Holder in due course
c) Holder for value
d) Reimbursement banker
e) Paying Banker
32. As per the provisions of NI Act,1881 a banker gets protection for payment of a cheque only if it is a:
a) Holder in due course
b) Payment in due course
c) Holder for value
d) Not Negotiable Instrument
e) All of the above
33. SARFAESI Act 2002 is applicable to:
a) All states excluding Jammu and Kashmir
b) All states including Jammu and Kashmir
c) All Banks including Foreign Banks and RRBs
d) Only Union Terrirories
e) b & c
34. Management of a Bank vests with:
a) Reserve Bank of Indian
b) Asset Liability Committee (ALCO)
c) Board of Directors
d) Share Holders
e) a & d
35. Rajender Singh, gives a written stop payment instructions of a cheque Rs. 50/- to his banker.
This should be treated by the bank as:
a) A request from Sekhar
b) An intimation from Sekhar
c) An advice from Sekhar
d) A mandate from Sekhar
e) None of the above as the stop payment is for a small amount
36. Banks can grant loans against:
a) LIC Policy
b) CDs
c) FD issues other bank
d) Mutual fund
e) All the above
ANSWERS:
1) b 2) d 3) e 4) d 5) e 6) d 7) c 8) d 9) b 10) b
11) a 12) d 13) a 14) b 15) b 16) c 17) c 18) c 19) d 20) a
21) c 22) d 23) a 24) c 25) d 26) a 27) d 28) e 29) d 30) b
31) c 32) b 33) b 34) c 35) d 36) a
1. First bank started in India with solely Indian capital investment is:
a) Bank of Baroda
b) Punjab National Bank
c) Punjab & Sind Bank
d) Central Bank of India
e) Canara Bank
2. The banker acts as a Bailee and the customer as Bailor, this relationship is applicable:
a) when a bank lends funds to a corporate customer
b) when a bank accepts US$ FCNR deposits form a NRI customer
c) when a customer operates a safe deposit locker
d) when a customer keeps articles in safe custody with a bank
e) None of the above
3. Which of the following is not a financial intermediary?
a) Banks
b) Financial institutions
c) Mutual funds
d) Non-bank finance companies
e) Companies engaged in manufacturing of good
4. Acustomers lost the Fixed Deposit Receipt issued by the bank. To obtain a duplicate FD he needs to furnish:
a) A Promissory note
b) A collateral security
c) A Letter of Credit
d) An Indemnity bond
e) Counter guarantee by the customer
5. Reserve Bank of India's functions are classified into:
a) Supervisory & Regulatory
b) Promotional & Developmental 132
c) Refinance Activities
d) a & b only
e) a, b & c
6. The scope of activities undertaken by the business correspondents will not include:
a) Disbursal of small value credit
b) Recovery of principal/collection of interest
c) Collection of small value deposits
d) Payment of money on demand drafts not exceeding Rs. 1,000
e) None of the above
7. In strategic Alliance, the alliance partners:
a) Merge with each other 220
b) One partner acquires the other
c) Remain separate entities
d) Amalgamate with one another
e) None of the above
8. A company which pools money from investors and invests in stocks, bonds, shares is called:
a) A bank
b) An insurance company
c) Bank assurance
d) Mutual Fund
e) None of the above
9. Mr. X who is an Ordinary SB account holder of a branch wants to nominate Mr. Y, an U.S. national, who is his friend. Is that allowed?
a) Yes it is freely permitted
b) Yes it is freely permitted, but at the time of settlement of claim and repatriation to the
nominee, branch has to take RBI permission
c) Yes it is freely permitted, subject to Regional office approval
d) Yes it is freely permitted, subject to CO approval
e) No it cannot be allowed
10. In a cheque, the word "Order" is changed to "bearer" by the holder of the cheque. This is called as:
a) Endorsement
b) Material alteration
c) Crossing
d) Special Crossing
e) Allonge
11. If a customer dies without leaving a will and the court appoints a person to handle the customer's Property. Such a person is called as:
a) An administrator
b) An executor
c) A liquidator
d) A successor
e) An Authorised Officer
12. Garnishee order is issued by:
a) Judgment Debtor
b) Judgment Creditor
c) Reserve Bank of India
d) The Court
d) Income Tax Department
13. One of the NRI customers wants to place FCNR deposits in Canadian $ with a bank. Can the
account be opened in Canadian Dollars?
a) Yes, his request can be accepted and open a FCNR a/c
b) No, Bank can not accept his request to open FCNR a/c in Canadian $
c) Will inform the customer to place FCNR in any one of the currencies (US$/ GBP/ JPY/ EUR)
d) Can open after seeking permission from Head Office
e) Can open after obtaining clearance from RBI
14. Which of the following is the the First Paper Currency Note issued by the RBI bearing the portrait of King Geoge VI?
a) Two Rupee Note
b) Five Rupee Note
c) Ten Rupee Note
d) Twenty Rupee Note
e) Fifty Rupee Note
15. Which of the following is the scheme for skill development of minorities?
a) Padho aur kamao
b) Seekho aur kamao
c) Kamao aur jiyo
d) Padho aur Seekho
e) None of the above
16. Capital adequacy is worked out based on:
a) Total demand and time liabilities
b) Net demand and time assets
c) Risk weighted assets
d) Risk weighted liabilities
e) None of the above
17. A Co-Operative Bank operating in different States are regulated by:
a) State Co-Operative Societies Act
b) Banking Regulation Act
c) Multi Unit Co-Operative Societies Act
d) Banking Laws (applicable to Co-Operative Societies)
e) RBI Act 1934
18. If a cheque is accidentally torn by the drawer, the cheque ___
a) Can't be paid
b) Can be paid, if the holder confirms the mutilation
c) Can be paid, if the drawer confirms the mutilation and if otherwise in order
d) Can't be paid, even if the drawer confirms the mutilation and otherwise in order
e) None of the above
19. Tele banking is not based on:
a) Virtual banking,
b) Voice processing,
c) Online banking
d) a & c
e) None of the above
20. Cash payment of Term deposits is possible, if the amount doesn't exceed Rs.:
a) 20,000
b) 25,000
c) 30,000
d) 40,000
e) 50,000
21. Balance in a current account is classified as:
a) Hybrid deposit
b) Term deposit
c) Demand deposit
d) Flexi deposit
e) None of the above
22. The rate at which domestic currency can be converted in to foreign currency and vice-versa is known as:
a) LIBOR
b) Base Rate
c) Repo Rate
d) Exchange Rate
e) Inter Bank Call Money Rate
23. Hypothecation is applicable in the case of ____.
a) Movable goods
b) Immovable property
c) Loan against Insurance Policies
d) Corporate guarantee
e) Gold Loan
24. The minimum percentage of Priority Sector advances to be maintained by foreign banks in India with less than 20 branches is __.
a) 40%
b) 18%
c) 32%
d) 50%
e) 60 %
25. One of the State Government avails of a temporary financial assistance from Reserve Bank of
India. This type of finance is called:
a) Overdraft
b) Temporary loan
c) Short term finance
d) Ways and Means advance
e) Repo
26. Which one of the following is known as 'Demat' account?
a) Account in which shares are held in electronic form
b) Other than those given as options
c) Account allowed to be operated by guardian of minor
d) Account operated by business correspondents in rural
e) None of the above
27. External commercial borrowings are governed under:
a) Foreign Exchange Regulation Act
b) Securitisation and Reconstruction of Financial assets and enforcement of security interest Act
c) Debt Recovery Tribunal Act
d) Foreign exchange management Act
e) None of the above
28. Maximum Bank Rate that can be declared by the Reserve Bank of India is:
a) 6%
b) 20%
c) 25%
d) 1% over MCLR
e) No such ceiling
29. Obligation of a Banker to maintain secrecy is applicable to:
a) Only in case of existing deposit accounts
b) Only in respect existing loan accounts
c) Only in case of closed accounts
d) All types of deposit/loan accounts (existing/closed)
e) No need of maintaining secrecy to exhibit transparency in banking transactions
30. A mortgage involves:
a) Transfer of ownership
b) Transfer of interest in Immovable property
c) Transfer of possession
d) a & c
e) None of the above
31. Bank A allows one of its clients to withdraw against clearing of a cheque. The banker is called as:
a) Collecting Banker
b) Holder in due course
c) Holder for value
d) Reimbursement banker
e) Paying Banker
32. As per the provisions of NI Act,1881 a banker gets protection for payment of a cheque only if it is a:
a) Holder in due course
b) Payment in due course
c) Holder for value
d) Not Negotiable Instrument
e) All of the above
33. SARFAESI Act 2002 is applicable to:
a) All states excluding Jammu and Kashmir
b) All states including Jammu and Kashmir
c) All Banks including Foreign Banks and RRBs
d) Only Union Terrirories
e) b & c
34. Management of a Bank vests with:
a) Reserve Bank of Indian
b) Asset Liability Committee (ALCO)
c) Board of Directors
d) Share Holders
e) a & d
35. Rajender Singh, gives a written stop payment instructions of a cheque Rs. 50/- to his banker.
This should be treated by the bank as:
a) A request from Sekhar
b) An intimation from Sekhar
c) An advice from Sekhar
d) A mandate from Sekhar
e) None of the above as the stop payment is for a small amount
36. Banks can grant loans against:
a) LIC Policy
b) CDs
c) FD issues other bank
d) Mutual fund
e) All the above
ANSWERS:
1) b 2) d 3) e 4) d 5) e 6) d 7) c 8) d 9) b 10) b
11) a 12) d 13) a 14) b 15) b 16) c 17) c 18) c 19) d 20) a
21) c 22) d 23) a 24) c 25) d 26) a 27) d 28) e 29) d 30) b
31) c 32) b 33) b 34) c 35) d 36) a
a) Bank of Baroda
b) Punjab National Bank
c) Punjab & Sind Bank
d) Central Bank of India
e) Canara Bank
2. The banker acts as a Bailee and the customer as Bailor, this relationship is applicable:
a) when a bank lends funds to a corporate customer
b) when a bank accepts US$ FCNR deposits form a NRI customer
c) when a customer operates a safe deposit locker
d) when a customer keeps articles in safe custody with a bank
e) None of the above
3. Which of the following is not a financial intermediary?
a) Banks
b) Financial institutions
c) Mutual funds
d) Non-bank finance companies
e) Companies engaged in manufacturing of good
4. Acustomers lost the Fixed Deposit Receipt issued by the bank. To obtain a duplicate FD he needs to furnish:
a) A Promissory note
b) A collateral security
c) A Letter of Credit
d) An Indemnity bond
e) Counter guarantee by the customer
5. Reserve Bank of India's functions are classified into:
a) Supervisory & Regulatory
b) Promotional & Developmental 132
c) Refinance Activities
d) a & b only
e) a, b & c
6. The scope of activities undertaken by the business correspondents will not include:
a) Disbursal of small value credit
b) Recovery of principal/collection of interest
c) Collection of small value deposits
d) Payment of money on demand drafts not exceeding Rs. 1,000
e) None of the above
7. In strategic Alliance, the alliance partners:
a) Merge with each other 220
b) One partner acquires the other
c) Remain separate entities
d) Amalgamate with one another
e) None of the above
8. A company which pools money from investors and invests in stocks, bonds, shares is called:
a) A bank
b) An insurance company
c) Bank assurance
d) Mutual Fund
e) None of the above
9. Mr. X who is an Ordinary SB account holder of a branch wants to nominate Mr. Y, an U.S. national, who is his friend. Is that allowed?
a) Yes it is freely permitted
b) Yes it is freely permitted, but at the time of settlement of claim and repatriation to the
nominee, branch has to take RBI permission
c) Yes it is freely permitted, subject to Regional office approval
d) Yes it is freely permitted, subject to CO approval
e) No it cannot be allowed
10. In a cheque, the word "Order" is changed to "bearer" by the holder of the cheque. This is called as:
a) Endorsement
b) Material alteration
c) Crossing
d) Special Crossing
e) Allonge
11. If a customer dies without leaving a will and the court appoints a person to handle the customer's Property. Such a person is called as:
a) An administrator
b) An executor
c) A liquidator
d) A successor
e) An Authorised Officer
12. Garnishee order is issued by:
a) Judgment Debtor
b) Judgment Creditor
c) Reserve Bank of India
d) The Court
d) Income Tax Department
13. One of the NRI customers wants to place FCNR deposits in Canadian $ with a bank. Can the
account be opened in Canadian Dollars?
a) Yes, his request can be accepted and open a FCNR a/c
b) No, Bank can not accept his request to open FCNR a/c in Canadian $
c) Will inform the customer to place FCNR in any one of the currencies (US$/ GBP/ JPY/ EUR)
d) Can open after seeking permission from Head Office
e) Can open after obtaining clearance from RBI
14. Which of the following is the the First Paper Currency Note issued by the RBI bearing the portrait of King Geoge VI?
a) Two Rupee Note
b) Five Rupee Note
c) Ten Rupee Note
d) Twenty Rupee Note
e) Fifty Rupee Note
15. Which of the following is the scheme for skill development of minorities?
a) Padho aur kamao
b) Seekho aur kamao
c) Kamao aur jiyo
d) Padho aur Seekho
e) None of the above
16. Capital adequacy is worked out based on:
a) Total demand and time liabilities
b) Net demand and time assets
c) Risk weighted assets
d) Risk weighted liabilities
e) None of the above
17. A Co-Operative Bank operating in different States are regulated by:
a) State Co-Operative Societies Act
b) Banking Regulation Act
c) Multi Unit Co-Operative Societies Act
d) Banking Laws (applicable to Co-Operative Societies)
e) RBI Act 1934
18. If a cheque is accidentally torn by the drawer, the cheque ___
a) Can't be paid
b) Can be paid, if the holder confirms the mutilation
c) Can be paid, if the drawer confirms the mutilation and if otherwise in order
d) Can't be paid, even if the drawer confirms the mutilation and otherwise in order
e) None of the above
19. Tele banking is not based on:
a) Virtual banking,
b) Voice processing,
c) Online banking
d) a & c
e) None of the above
20. Cash payment of Term deposits is possible, if the amount doesn't exceed Rs.:
a) 20,000
b) 25,000
c) 30,000
d) 40,000
e) 50,000
21. Balance in a current account is classified as:
a) Hybrid deposit
b) Term deposit
c) Demand deposit
d) Flexi deposit
e) None of the above
22. The rate at which domestic currency can be converted in to foreign currency and vice-versa is known as:
a) LIBOR
b) Base Rate
c) Repo Rate
d) Exchange Rate
e) Inter Bank Call Money Rate
23. Hypothecation is applicable in the case of ____.
a) Movable goods
b) Immovable property
c) Loan against Insurance Policies
d) Corporate guarantee
e) Gold Loan
24. The minimum percentage of Priority Sector advances to be maintained by foreign banks in India with less than 20 branches is __.
a) 40%
b) 18%
c) 32%
d) 50%
e) 60 %
25. One of the State Government avails of a temporary financial assistance from Reserve Bank of
India. This type of finance is called:
a) Overdraft
b) Temporary loan
c) Short term finance
d) Ways and Means advance
e) Repo
26. Which one of the following is known as 'Demat' account?
a) Account in which shares are held in electronic form
b) Other than those given as options
c) Account allowed to be operated by guardian of minor
d) Account operated by business correspondents in rural
e) None of the above
27. External commercial borrowings are governed under:
a) Foreign Exchange Regulation Act
b) Securitisation and Reconstruction of Financial assets and enforcement of security interest Act
c) Debt Recovery Tribunal Act
d) Foreign exchange management Act
e) None of the above
28. Maximum Bank Rate that can be declared by the Reserve Bank of India is:
a) 6%
b) 20%
c) 25%
d) 1% over MCLR
e) No such ceiling
29. Obligation of a Banker to maintain secrecy is applicable to:
a) Only in case of existing deposit accounts
b) Only in respect existing loan accounts
c) Only in case of closed accounts
d) All types of deposit/loan accounts (existing/closed)
e) No need of maintaining secrecy to exhibit transparency in banking transactions
30. A mortgage involves:
a) Transfer of ownership
b) Transfer of interest in Immovable property
c) Transfer of possession
d) a & c
e) None of the above
31. Bank A allows one of its clients to withdraw against clearing of a cheque. The banker is called as:
a) Collecting Banker
b) Holder in due course
c) Holder for value
d) Reimbursement banker
e) Paying Banker
32. As per the provisions of NI Act,1881 a banker gets protection for payment of a cheque only if it is a:
a) Holder in due course
b) Payment in due course
c) Holder for value
d) Not Negotiable Instrument
e) All of the above
33. SARFAESI Act 2002 is applicable to:
a) All states excluding Jammu and Kashmir
b) All states including Jammu and Kashmir
c) All Banks including Foreign Banks and RRBs
d) Only Union Terrirories
e) b & c
34. Management of a Bank vests with:
a) Reserve Bank of Indian
b) Asset Liability Committee (ALCO)
c) Board of Directors
d) Share Holders
e) a & d
35. Rajender Singh, gives a written stop payment instructions of a cheque Rs. 50/- to his banker.
This should be treated by the bank as:
a) A request from Sekhar
b) An intimation from Sekhar
c) An advice from Sekhar
d) A mandate from Sekhar
e) None of the above as the stop payment is for a small amount
36. Banks can grant loans against:
a) LIC Policy
b) CDs
c) FD issues other bank
d) Mutual fund
e) All the above
ANSWERS:
1) b 2) d 3) e 4) d 5) e 6) d 7) c 8) d 9) b 10) b
11) a 12) d 13) a 14) b 15) b 16) c 17) c 18) c 19) d 20) a
21) c 22) d 23) a 24) c 25) d 26) a 27) d 28) e 29) d 30) b
31) c 32) b 33) b 34) c 35) d 36) a
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