NRE deposit is ?->(Show Answer!)

1. NRE deposit is

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MCQ-> Read the following information carefully and answer the questions given below: Following are the conditions for short listing candidates for the post of Marketing officer for Payment bank. The candidate to be called for interview must (i) be a graduate in Science, i.e. B.Sc, with minimum 55% marks. (ii) have at least 3 years experience in selling/marketing (iii) have participated in debating or drama or sports at the intercollegiate level onwards. (iv) have secured minimum 60% marks in the Written Examination (WE) (v) be ready to deposit Rs 10,000 as security deposit. However, in case of a candidate who fulfils all these criteria except (a) (iv) above, but has secured minimum 60% at B.Sc, may be referred to the Chief Manager (b) (i) above, but has passed M.Sc, i.e. Post Graduation in Science, with minimum 50% marks, may be referred to DGM Based on these criteria and information provided below, decide the course of action in each case. You are not to assume anything. If the data provided is not adequate given course of action, your answer will be ‘data inadequate’. All the candidates given below fulfill the criterion for age. Mark Answer If the decision is as follows a: Selection for Interview b: Not to be selected c: Data inadequate d: Refer to Chief Manager (C.R) e: Refer to the DGM(C.R)Deepika is a 26 years girl having obtained 60% marks in Post-Graduation. I.e M.sc,. 53 % and 64 % in B.sc and W.E . respectively .Deepika has worked as sales executive for three and half years.She has obtained many prizes in intercollegiate events in debating and ready to deposit Rs 10,000 as security deposit.
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MCQ->Friction factor for a hydraulically smooth pipe at NRe = 2100 is f1. If the pipe is further smoothened (i.e., roughness is reduced), the friction factor at the same value of NRe, will....

MCQ-> Read the following passage carefully and answer the questions given below it. Certain words are printed in bold to help you to locate them while answering some of the questions.A large majority of the poor in India are outside the formal banking system. The policy of financial inclusion sets out to remedy this by making available a basic banking ‘no frills’ account either with nil or very minimum balances as well as charges that would make such accounts accessible to vast sections of the population. However, the mere opening of a bank account in the name of every household or adult person may not be enough, unless these accounts and financial services offered to them are used by the account holders. At present, commercial banks do not find it viable to provide services to the poor especially in the rural areas because of huge transaction costs, low volumes of savings in the accounts, lack of information on the account holder, etc. For the poor. interacting with the banks with their paper work, economic costs of going to the bank and the need for flexibility in their accounts, make them turn to other informal channels or other institutions. Thus, there are constraints on both the supply and the demand side.Till now, banks were looking at these accounts from a purely credit perspective. Instead, they should look at this from the point of view of meeting the huge need of the poor for savings. Poor households want to save and, contrary to the common perception, do have the funds to save, but lack control. Informal mutual saving systems like the Rotating Savings and Credit Associations (ROSCAs), widespread in Africa, and ‘thrift and credit groups’ in India demonstrate that poor households save. For the poor household, which lack access to the formal insurance system and the credit system, savings provide a safety net and help them tide over crises. Savings can also keep them away from the clutches of moneylenders, make formal institutions more favourable to lending to them, encourage investment and make them shift to more productive activities, as they may invest in slightly more risky activities which have an overall higher rate of return.Research shows the efficacy of informal institutions in increasing the savings of the small account holders. An MFI in the Philippines, which had existing account holders, was studied. They offered new products with ‘commitment features’. One type had withdrawal restrictions in the sense that it required individuals to restrict their right to withdraw any funds from their own accounts until they reached a self-specified and documented goal. The other type was deposit options. Clients could purchase a locked box for a small fee. The key was with the bank and the client has to bring the box to the bank to make the deposit. He could not dip into the savings even if he wanted to. These accounts did not pay extra money and were illiquid. Surprisingly, these products were popular even though these had restrictions. Results showed that those who opted for these accounts with restrictions had substantially greater savings rates than those who did not. The policy of financial inclusion can be a success if financial inclusion focuses onboth saving needs and credit needs, having a diversified product portfolio for the poor but recognising that self-control problems need to be addressed by having commitment devices. The products with commitment features should be optional. Furthermore transaction costs for the poor could be cut down, by making innovative use of technology available and offering mobile vans with ATM and deposit collection features which could visit villages periodically.What is the aim of the financial inclusion policy ?
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MCQ->Mr. Sanyal adopted the following investment strategy. On lst January 2010 he invested half of his investible fund in gold and the other half he kept in fixed deposit of an Indian bank that offered 25% interest per annum. At the beginning of every quarter he liquefied his assets to create his investible fund for that quarter. Every quarter he invested half of his fund in the bullion that gave maximum return in the previous quarter and the other half in the foreign bond that gave maximum return in the previous quarter. However, if in any quarter none of the foreign bonds gave a better return than the fixed deposit of his Indian bank, he invested half of his investible fund in the fixed deposit for the next quarter. On 31st December 2010 Mr. Sanyal liquefied his assets and realized that all of the following options are true except:....

MCQ-> Read the following instructions and answer the questions. After the discussion at a high level meeting of government officers, the criteria for issuing of import / export licence to eligible business firms for the year 2011-12 were finalized as follows. The firms must – I. Have a Grade – ‘A’ certified unit for any products. II. Not have any legal dispute case against it. III. Possess minimum asset worth Rs. 40 lakhs. IV. Submit an environment clearance certificate issued by the Pollution Control Board (PCB) of the state where the firm is located. V. Deposit the margin money of Rs. 1 lakh. VI. Arrange for three guarantors with their personal identity cards (IDs). However, if the firm satisfies all the above mentioned criteria except: a) Criteria (I), but is a traditional handloom production unit, then the case may be referred to Development Commissioner, Handloom (DCH) of the state. b) Criteria (IV), but is a local employment provider / thread (input) supplier / cloth supplier, the case may be referred to the Director, Department of Industry of the state. c) Criteria (V) but can deposit at least Rs. 50000, the firm will be given import licence only and the case may be referred to the Deputy Director, Department of Industry of the state. Based on the above criteria and information provided on each of the firms in the questions below, you have to decide which course of action should be taken against each firm. Without assuming anything regarding any applicant firm, the decision should be based on the information provided.Mahalaxmi Weaving Center is a traditional handloom production unit. It has property worth more than Rs. 1 crore. It managed to get three guarantors with their personal IDs. No legal case is there against it. There is no problem submitting an environmental clearance, as the same is already issued to it by the State Pollution Control Board. It is also ready to deposit Rs. 1 lakh.
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