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monetary policy committee

PUBLIC PROVIDENT FUND (PPF) 1968

PUBLIC PROVIDENT FUND (PPF) 1968   Interest rate of 8.1% per annum w.e.f. 01-04-2016 (1st Quarter-01.04.2016 to 30.06.2016) Minimum deposit is 500/- per annum. Maximum deposit is Rs. 1,50,000/- per annum The scheme is for 15 years. Investment up to Rs 1, 50,000/- per annum qualifies for Income Tax Rebate…

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Banking Questions Test (MCQ)- 14

                                  Banking Questions Test- 14   1. Loan given to X customer service unit to undertake farm work for farmers on contract basis will come under ______ a) MSME            b) Agriculture            c) SSI               d)…

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Banking Questions Test (MCQ)- 12

 Banking Questions Test- 12   Q1. As per RBI guidelines bank have to ear mark the following day as the customer day a.    15thof every month b.    Last day of every month c.    1stday of every month d.    Last Friday of month Q2. The models which has been permitted to…

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Banking Questions Test (MCQ)- 11

Banking Questions Test (MCQ)- 11 Q1. A locker hirer who is visually challenged wants to take a person with him to operate the locker. What bank should do? Bank will not permit as he is a stranger Yes will permit  if authorized by the account holder in writing Yes will permit…

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Banking Questions Test (MCQ)- 10

                                      Banking Questions Test- 10 Q1. Accounts under senior citizen savings scheme be opened jointly with Only with son Only with daughter Only with spouse None of these Q2. The term” hot card”…

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Participants in the Financial Market

Click here to buy JAIIB Books        Commercial Banks- A bank that offers services to the general public and companies, accepting deposit from public for the purpose of lending and investments.       NBFCs(Non-Banking Financial Companies)-These are licensed and supervised by the RBI and allowed accept deposit…

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Banking Questions Test-7 (MCQ)

                                       Banking Questions Test- 7   Q1.The commuted portion of the pension gets reinstated after a period of …….. years from the date of credit of the commuted value of pension to…