Questions and Answers

1. Which is the most famous city in Punjab?
(A) Ludhiana (B) Amritsar
(C) Chandigarh (D) Patiala
Ans : (B)

2. Who is the first lady Chief Minister of Punjab?
(A) Bibi Jagir Kaur (B) Kiran Bedi
(C) Rajinder Kaur Bhattal (D) Ms. Seema Roy
Ans : (C)

3. Who was the first Governor of Punjab?
(A) Mr. Chandu Lal Trivedi (B) Bansilal
(C) Gopi Chand (D) Amrinder Singh
Ans : (A)

4. Who is the fir


Q1. What is a Repo Rate?
A: Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more expensive.

Q2. What is Reverse Repo Rate?


Payments banks: With India Post getting RBI nod, India’s biggest bank for poor is in the making
i. The Reserve Bank of India (RBI) has chosen just 11 out of 41 applicants to set up payments banks in the country. Payments banks are institutions that will offer most of the banking services except loans and credit card products to retail customers. Customers can deposit money up to Rs 1 lakh in these banks, transfer