Lakshya Education MCQs

Question: Non-bank entities must have net worth of at least how much to be eligible for operating white label ATMs :
A.Rs. 100 cr.
B.Rs. 200 cr.
C.Rs. 300 cr.
D.Rs. 400 cr.
Answer: Option A

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More Questions on This Topic :

Question 1. Which of these should be practiced when using a credit card?
  1.    Pay only the minimum balance since it is allowed
  2.    Throw away the receipt signed by you immediately after receiving from the cashier
  3.    Memories your PIN number and do not leave your PIN number in your wallet
  4.    Maintain as many cards as possible for convenience
Answer: Option C
Question 2. In India, the Chit funds are governed / regulated by ___.
  1.    RBI
  2.    Central Government
  3.    State Governments
  4.    Local Bodie
Answer: Option C
Question 3. Which of the statement on Islamic banking is incorrect?
(A) Islamic banking is only for Muslims.
(B) Islamic banking activity do not allow paying and receiving of interest.
(C) Islamic banking promotes the principle of profit sharing between banking institution and depositor.
  1.    Only A
  2.    Only B
  3.    Only C
  4.    Both B and C
Answer: Option A
Question 4. World Photography day is observed on :
  1.    17th August
  2.    19th August
  3.    20th August
  4.    22nd August
Answer: Option B
Question 5. What is the relationship between a bank and customer when a locker is rented out by a bank to a person :
  1.    Bailor and Bailee
  2.    Bailee and Bailor
  3.    Principal and Agent
  4.    Lessee and Lessor
Answer: Option D
Question 6. When the government tries to meet the gap of public expenditure and public revenue through borrowing from the banking system, it is called as :
  1.    Credit Financing.
  2.    Debt Financing
  3.    Deficit Financing.
  4.    Internal Debt.
Answer: Option C

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