1. Interest paid by the borrower on which of the following loans is eligible for rebate under Section 24 (b) of Income Tax Act ? (3)
1.Consumer Durables Loan
2.Other than those given as options
3.Housing Loan for one house
4.Consumption Loan
5.Personal Loan
2.The ultimate aim of introduction of the scheme ‘Applications Supported by Blocked Amount (ASBA) by SEBI is to (2)
1.allow use of excess collection by the companies
2.reduce the time between issue closure date and listing of shares
3.ensure delay in refund of oversubscription amounts
4.protect the interest of the companies raising capital
5.ensure that only genuine investors apply for issues/shares
3.Which of the following charged by the bank in the customer’s account is not eligible for Service Tax ? (5)
1.All those given as options
2.interest on Loans
3.Locker Rent
4.Credit Card payment
5.Merchant Banking Fees
4. RBI makes Open Market Operations to regulate__________ (3)
1.Interest rate on Deposits
2.interest rate on PPF
3.Liquidity in Economy
4.interest rate on Advances
5.other than those given as options
5. In banking ‘ECB’ stands for___________ (5)
1.Extended Commercial Borrowing
2.Other than those given as options
3.European Credit Bank
4.Emergency Commercial Borrowing
5.External Commercial Borrowing
