Read the following statements and choose the correct code :
Statement - I : Small Industry Development Bank of India (SIDBI) was set up as a wholly owned subsidiary of RBI.
Statement - II : SIDBI has taken over the responsibility of administering small industry development fund managed by IDBI.
| A. | only (I) is correct. |
| B. | Only (II) is correct. |
| C. | Both (I) and (II) are correct. |
| D. | Both (I) and (II) are wrong. |
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Option: B Explanation : Click on Discuss to view users comments. |
| A. | (a) and (c) |
| B. | (a) and (d) |
| C. | (b) and (d) |
| D. | (c) and (d) |
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Option: A Explanation : Click on Discuss to view users comments. |
Assertion (A) : Under FEMA, the receiver of laundered money is to be made culpable, instead of sender/distributor.
Reasoning (R) : FEMA differs from the earlier exchange regulation Act FERA with regard to penalties and punishment in case of violation of the Act.
| A. | (A) is correct but (R) is not correct. |
| B. | (A) and (R) both are correct but (R) is not the right explanation of (A). |
| C. | (A) and (R) both are correct and (R) is the right explanation of (A). |
| D. | (A) and (R) both are incorrect. |
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Option: C Explanation : Click on Discuss to view users comments. |
| A. | i ii iii iv |
| B. | iv iii ii i |
| C. | iv ii iii i |
| D. | i iv ii iii |
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Option: A Explanation : Click on Discuss to view users comments. |
Which combination of the following is correct with regard to World Trade Organization (WTO) :
(a) WTO initiates peace process among the member countries to enhance international trade.
(b) WTO avoids the task of "Settlement of Disputes" among the member countries.
(c) WTO administers the "Trade Review Mechanism".
(d) WTO cooperates in an appropriate manner with the IMF and the World Bank.
| A. | (b), (c) and (d) |
| B. | (a) and (c) |
| C. | (c) and (d) |
| D. | (a), (b) and (d) |
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Option: C Explanation : Click on Discuss to view users comments. |
