C:-1 April 1937
D:-1 January 1949
Correct Answer:- Option-B
Question65:-RBI may in order to discourage investment in the country.
A:-Reduce CRR
B:-Buy securities from market
C:-Decrease Bank rate
D:-Increase Bank rate
Correct Answer:- Option-D
Question66:-The Banking Ombudsman is appointed by
A:-Reserve Bank of India
B:-Central Government
:-Supreme Court
D:-State Bank of India
Correct Answer:- Option-A
Question67:-NABARD was established on the recommendations of
A:-Hazari Committee
B:-Nariman Committee
C:-Krishnasami Committee
D:-Sivaraman Committee
Correct Answer:- Option-D
Question68:-District Co-operative Banks are also known as
A:-Apex Banks
-Central Co-operative Bank
C:-State Co-operative Bank
D:-Primary Agricultural Society
Correct Answer:- Option-B
Question69:-Average clause will apply if there is
A:-Double insurance
-Under insurance
C:-Re insurance
D:-Consequential loss
Correct Answer:- Option-B
Question70:-In case of fire insurance, insurable interest must exist
A:-When policy is taken
-When loss is incurred
C:-Both at the time of policy is taken and when loss is incurred
D:-Either at the time of policy is taken or when loss is incurred
Correct Answer:- Option-C

Question71:-Irreversible movements in a business continuous in the same direction for a considerable period of time is
known as

A:-Cyclical variations
B:-Seasonal variations
C:-Secular variations
D:-Random variations
Correct Answer:- Option-C
Question72:-Interest on borrowed capital funds is an example of type costs in a business.
A:-Implicit costs
B:-Explicit costs
C:-Opportunity costs
D:-Average costs
Correct Answer:- Option-B
Question73:-Which among the following method do not consider time value of an investment ?
A:-Payback period
B:-NPV
C:-IRR
D:-Present value method
Correct Answer:- Option-A