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- 1. What is a "Soft Currency"
A.A currency whose exchange rate has tendency to fluctuate
B.A currency which can be easily used for settling any International transactions
C.A currency which cannot be used for setting international transactions because it does not command a value in the International market
D.A currency which is available by way of soft loans from international agencies
Answer & Explanation
Answer: Option C 
A currency which cannot be used for setting international transactions because it does not command a value in the International market
View Answer
- 2. Consider the following statements about 'Project SANGAM' and state which of them are true?
A. Project 'SANGAM' will provide useful Management Information System (MIS) to the financial planners in the Ministry of Defense
B. It is a software which will facilitate issuance of corrigendam pension pay orders
C. This will address the demand from the ex-servicemen for issue of individual correigendum pension payment order consequent to implementation of recommendations of Sixth Central Pay Commission.
D. This software project is one step forward from the project 'Aam Aadmi Bima Yojana' which was launched on occasion of Defense Account Department Day
A.A, B and D
B.A, B and C
C.B, C and D
D.Only D
Answer & Explanation
Answer: Option B
A, B and C
View Answer
- 3. All commercial banks demand deposit liabilities may decrease as a result of
A.An inflow of cash
B.A decrease in loans
C.An increase in security holdings
D.The chasing of a cheque by an individual or a firm
Answer & Explanation
Answer: Option B
A decrease in loans
View Answer
- 4. Consider the following statements and state which of them are true?
A. According to RBI, Banks will have to credit the wrongly debited amount to th customer's account due to failed ATMs transactions within ten days of complaint as against current norms of twelve day
B. The free transactions allowed at non-home bank ATMs would now also include non-financial transactions
C. Currently, customers are allowed a limited number of free transactions, generally five, for cash withdrawal & other financial transactions from other bank ATMs, while there is no cap on number of free non-financial transactions
A.Only A
B.B and C
C.A and C
D.Only B
Answer & Explanation
Answer: Option B
B and C
View Answer
- 5. Foreign Exchange Rates in India are determined by
A.RBI
B.SEBI
C.Planning Commission
D.Market Forces of Demand / Supply
Answer & Explanation
Answer: Option D
Market Forces of Demand / Supply
View Answer
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To whom this IBPS PO Clerks Set 18 Questions and Answers section is beneficial?
Students can learn and improve on their skillset for using Verbal Ability effectively and can also prepare for competitive examinations like...
- All I.B.P.S and Public Sector Bank Competitive Exam
- Common Aptitude Test (CAT) Exams
- UPSC Paper-II or CSAT Exams
- SSC Competitive Exams
- Defence Competitive Exams
- L.I.C / G.I.C AO and Clerk Competitive Exams
- Railway Competitive Exam
- University Grants Commission (UGC)
- Career Aptitude Test (IT Companies) and etc.
