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Basic GK - Questions and Answers

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261. In India, the e-filling for Income Tax returns is compulsory for the persons and entities which have an income of more than __.
A. 5 lakh
B. 10 lakh
C. 15 lakh
D. 20 lakh
Explanation:
262. The accounts where a fixed sum is deposited every month for a fixed period ranging from six months to 10 years are termed as:
A. Home Safe Deposit Accounts
B. Recurring Deposit Accounts
C. Saving Accounts
D. Fixed Deposit Accounts
Explanation:
263. Loan of small amounts given to people from low income groups is called __.
A. Simple overdraft
B. No frills loan
C. Cash Credit
D. Microcredit
Explanation:
264. Which public sector bank of India has opened 171 ultra small branches in a single day recently?
A. UCO Bank
B. Vijaya Bank
C. Indian Bank
D. Bank of India
Explanation:
265. What is the upper limit of transaction of amount via NEFT to a person in Nepal via the Indo-Nepal Remittance Facility Scheme?
A. Rs 50,000
B. Rs 100,000
C. Rs 200,000
D. Rs 500,000
Explanation: