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Question : The "Pradhan Mantri Jan Dhan Yojana (PMJDY)" aims to provide:

Option 1: Financial inclusion and access to banking services

Option 2: Universal healthcare coverage for all citizens

Option 3: Affordable housing for all homeless individuals

Option 4: Education and skill development for unemployed youth

Team Careers360 22nd Jan, 2024

Correct Answer: Financial inclusion and access to banking services


Solution : The correct answer is (a) Financial inclusion and access to banking services.

The Pradhan Mantri Jan Dhan Yojana (PMJDY) is a government scheme launched by the Indian government in 2014. Its primary objective is to promote financial inclusion by providing access to banking services, particularly to the unbanked and underbanked sections of society.

The PMJDY focuses on opening bank accounts for all individuals, especially those from low-income households, who do not have access to formal banking services. The scheme aims to ensure that every household has access to a basic savings bank account, a debit card, and various banking services such as remittances, insurance, and pension.

The PMJDY also aims to encourage financial literacy and provide affordable financial services to promote savings and enable access to credit for income generation and entrepreneurship.

10 Views

Question : Comprehension:

In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.

The modern world (1) ________ around technology. It has advanced dramatically in the beyond twenty years, and presently, we can't envision a world without PCs and cell phones. The last century saw fast progressions in innovation and science, which were unfathomable previously. The internet is perhaps the most significant of these. Today, it is no longer a science fiction concept to communicate with people anywhere in the world. While smartphones keep us constantly connected to the virtual world, the wireless internet has eliminated the need to use a physical wire to connect with this world. Today, we rely on the Internet to pay our bills, book tickets, travel, and conduct banking transactions. Li-Fi, a new technology that uses light signals to (2) ________ data and reduces external interference, is currently in development.
On the other hand, such rapid progress comes with some (3) ________. Another sort of wrongdoing, known as digital wrongdoing, is the greatest danger to security today. WannaCry was one of the biggest recent cyberattacks. It infected more than 230,000 computers in over 150 countries and threatened to erase valuable data unless ransom payments were made. Personal and (4) ________ data continue to be stolen frequently, and our country's cyber security is still lacking. It's also possible to say that people miss out on important experiences in the real world because they spend so much time in the virtual world. The distinction between the real and online worlds sometimes appears to blur, especially as social media grows in popularity. For instance, the internet was said to have become so addictive in China that programmes were established to help people get off of it. However, technology's benefits (5)________ its drawbacks. It all comes down to what we do with it. One thing to keep in mind is that technology can serve us well, but not completely.

Select the most appropriate option to fill in the blank no. 5.

Option 1: balances

Option 2: shadows

Option 3: outweigh

Option 4: insides

Team Careers360 24th Jan, 2024

Correct Answer: outweigh


Solution : The most appropriate choice is the third option.

Outweigh means to have more significance than the other. The sentence discusses the balance between the benefits and drawbacks of technology, emphasising that the benefits are greater or more significant than the drawbacks.

3 Views

Question : Receipts from services like insurance , banking, etc., is written on ________ side of __ account.
 

Option 1: Credit, current 
 

Option 2: Credit, capital
 

Option 3: Debit, current 
 

Option 4: Debit, capital 
 

Team Careers360 21st Jan, 2024

Correct Answer: Credit, current 
 


Solution : Receipts from services like insurance , banking, etc., is shown on the credit side of current account. 
Hence, Option A is correct.

11 Views

Question : A city primarily known for its financial services and banking sector would be classified as a:

Option 1: Industrial city

Option 2: Financial hub

Option 3: University town

Option 4: Tourist destination

Team Careers360 25th Jan, 2024

Correct Answer: Financial hub


Solution : Correct Option: Option 2
Explanation: A financial hub is an urban settlement that is primarily known for its financial services and banking sector, serving as a center for economic transactions.

65 Views

Question : Comprehension:
In the following passage, some of the words have been deleted. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.
Gaming in the banking sector seems virtually (1) _____ to eliminate. The only effective measure to end it would be to (2) _____ bankers personally liable for losses, to remove the sense that their actions—their games—have (3) ______ personal financial or legal consequences.
It is this, rather (4) ______ removing the cap on bankers' bonuses, that has the best chance of preventing the financial system from blowing (5) ____ again.

Question:
Select the most appropriate option to fill in the blank number 2.

Option 1: gave

Option 2: bake

Option 3: take

Option 4: make

Team Careers360 19th Jan, 2024

Correct Answer: make


Solution : The fourth option is the correct choice.

The passage suggests that the only effective measure to end gaming in the banking sector would be to make bankers personally liable for losses. Make in this context implies instituting a policy or regulation that compels or requires bankers to be personally accountable for losses.

The meanings of the other options are as follows:

  • Gave means to provide or present something.

  • Bake means to cook by dry heat.

  • Take means to acquire, grasp, or accept something.

Therefore, the correct answer is, make.

6 Views

Question : Banking sector reforms led to attractive deposit avenues, easier credit terms and a sound effective and reliable banking system is a result of the ___________ environment. 

Option 1: Business 

Option 2: Economic

Option 3: Social 

Option 4: Legal 

Team Careers360 23rd Jan, 2024

Correct Answer: Economic


Solution : Economic environment refers to all the forces and factors which directly influence the economy of your country. Economic environment consists Gross domestic product, Income level at national level and per capital level etc. 
Hence, option 2 is the correct answer.

14 Views

Question : Banking comes under which of the following sectors?

Option 1: Primary sector

Option 2: Secondary sector

Option 3: Tertiary sector

Option 4: Both secondary and tertiary sector

Team Careers360 23rd Jan, 2024

Correct Answer: Tertiary sector


Solution : The correct answer is the Tertiary sector.

The financial services sector, which is a subset of the tertiary sector, includes banking. The tertiary sector, usually referred to as the service sector, includes a broad spectrum of non-production-based services. Retail, transportation, healthcare, education, tourism, and financial services, including banking, insurance, and investment services, are all included in this.

12 Views

Question : Which of the following institutions is responsible for regulating and supervising the functioning of non-banking financial companies (NBFCs) in India?

Option 1: Reserve Bank of India (RBI)

Option 2: Securities and Exchange Board of India (SEBI)

Option 3: National Stock Exchange of India (NSE)

 

Option 4: None of the above

Team Careers360 23rd Jan, 2024

Correct Answer: Reserve Bank of India (RBI)


Solution : The correct answer is (a) Reserve Bank of India (RBI)

The correct institution responsible for regulating and supervising the functioning of non-banking financial companies (NBFCs) in India is the Reserve Bank of India (RBI). 

The RBI is the primary regulatory authority for NBFCs in India. It formulates regulations, guidelines, and prudential norms for NBFCs and oversees their operations. The RBI issues licenses to NBFCs, specifies the regulatory framework, sets capital adequacy norms, and monitors their compliance with regulatory requirements. The RBI's objective is to ensure the stability and resilience of the NBFC sector and protect the interests of depositors and consumers.

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