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Financial awareness Practice Questions & Answers

5 vote

SIP is an investment vehicle offered by mutual funds. What is the full form of SIP?

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SIP is an investment vehicle offered by mutual funds. What is the full form of SIP?
1). Savings Investment Plan
2). Systematic Investment Plan
3). Systematic Investment Programme
4). Systematic Insurance Plan

0 vote

Imperial Bank of India was renamed as State Bank of India on the recommendation of which commiittee?

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Imperial Bank of India was renamed as State Bank of India on the recommendation of which commiittee?
1). AK Bhuchar Committee
2). A Ghosh Committee
3). A.D.Gorewala Commiittee
4). Adhyarjuna Committee

0 vote

Minimum Maturity period of Fixed Deposit is__________.

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Minimum Maturity period of Fixed Deposit is__________.
1). 7 Days
2). 15 Days
3). 3 Months
4). 6 Months

20 vote

Consider the following statements regarding the Urban Co-operative Banks in India: The term Urban Co-operative Banks (UCBs) refers to primary cooperative banks located in urban and semi-urban areas. There shall be a Board of Management (BoM) in every UCB if there is no Board of Directors. Key responsibilities of BoM of UCBs will include credit management, risk management,and liquidity management. Which of the following statement(s) is/are true?

Asked on by | Votes 20

Consider the following statements regarding the Urban Co-operative Banks in India:

  1. The term Urban Co-operative Banks (UCBs) refers to primary cooperative banks located in urban and semi-urban areas.
  2. There shall be a Board of Management (BoM) in every UCB if there is no Board of Directors.
  3. Key responsibilities of BoM of UCBs will include credit management, risk management,and liquidity management.

Which of the following statement(s) is/are true?


1). 1 and 2
2). 2 and 3
3). 1 and 3
4). All of the above

0 vote

Micro small and medium Enterprises defines under which act?

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Micro small and medium Enterprises defines under which act?
1). MSMS Act 2002
2). MSME Act 2005
3). MSME Act 2006 
4). MSME Act 2007