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1351. Which of the following statements is NOT TRUE about the setting up and functioning of the Local Area Banks ? 1. The minimum start up capital of a Local Area Bank should be Rs.20 crore 2. The Local Area Bank will be registered as a Public Limited Company under the Companies Act 1956 3. The Local Area Bank are required to take a licence from the SEBI to function as a financial Institute
A. Only 1
B. Only 2
C. Only 3
D. Only 1 and 3
Explanation:
1352. The Government of India has recently taken a decision to provide Social Security Number to its citizens. Initially the number will be provided to all those
A. Who are Central or State Government employees and working in the capacity of temporary employees or contractual workers.
B. Who are employed in the manufacturing units run by the Central Government as labour or factory workers and are prone to industrial accidents.
C. Who are covered by the Provident Fund Scheme of the Employees Provident Fund Organisation.
D. Who are working in millitary, paramilitary or armed forces in any capacity as their life is always under threat
Explanation:
1353. India recently signed an agreement with which of the following countries so as to enable it to import the items/technology from there which was not possible earlier due to sanctions put by that country on the export of the same ?
A. Russia
B. Germany
C. France
D. South Korea
Explanation:
1354. As per the decision taken by the Government of India, the people of Indian origin residing in some other countries are offered dual citizenship. This will enable them to
A. Visit India without taking a visa
B. Visit India with a one-time visa which will be valid for the next 30 years
C. Visit India as frequently as they wish on an instant visa available on arrival lounge of any domestic airport in India
D. Change their NRI status and become a bonafide citizen of India.
Explanation:
1355. From January 20, 2003, trade began in an entirely new currency market product. This product is known as
A. Gold Bond
B. CBLO
C. Rail Bond
D. National Savings Certificate
Explanation:
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