Indian Bank became one of the first banks to introduce ‘account portability’ in February 2012. ‘Account portability’ means:

• Retaining account number on changing bank
• Retaining account number on changing branch
• Retaining account number on changing account holder
• Both (a) and (b)
• Both (b) and (c)

‘Greenshoe Option’ is a term we come across in news related to business and finance sectors. What does the term mean?

• It facilitates e-filing of IPO (Initial Public Offer) application to save paper
• It gives the issuer company a right to sell more shares than originally planned in IPO
• It gives the issuer company the right to cancel its IPO if demand for its shares is lower than its expectations
• It gives the issuer company the right to cancel its IPO if the price quoted by bidders is less than its reserve price
• An IPO which has the highest proportion of shares reserved for sale to ‘small shareholders’ compared to other categories of investors

The RBI has increased the amount of foreign exchange that can be remitted for imports without any documentation formalities to ______in February 2012

• $500
• $5000
• $50000
• $500000
• $5000000

India was the _____ foreign holder of US Treasury Bonds, the debt securities issued by the US Government, at the end of 2011.

• 15th largest
• 16th largest
• 17th largest
• 18th largest
• 19th largest

China was the _____ foreign holder of US Treasury Bonds, the debt securities issued by the US Government, at the end of 2011.

• largest
• 2nd largest
• 3rd largest
• 4th largest
• 5th largest

Which of the following has introduced India’s first environmental friendly equity index called “Greenex” in February 2012?

• BSE
• NSE
• TERI
• SEBI
• MCX-SX

The government in February 2012 issued a notification allowing private airlines to import Aviation Turbine Fuel (ATF) directly. Airlines importing ATF directly will not have to pay

I. Customs duty
II. Sales tax

• I only
• II only
• Both I and II
• Neither I nor II

The Central Board of Excise and Customs (CBEC) in February 2012 ordered a freeze on Kingfisher Airlines’ bank accounts for non-payment of

• Excise duty
• Customs Duty
• Service Tax
• All the above
• None of the above

Which of the following has completed implementation of the Employees’ State Insurance Corporation’s (ESIC) Project Panchdeep that provides online facilities to employers and insured people for registration, payment of premium and disbursement of cash bene

• TCS
• Wipro
• Infosys
• Cognizant
• Mahindra-Satyam

Who among the following was the first person insured under the Employees’ State Insurance Corporation (ESIC) scheme?

• Jawaharlal Nehru
• Manmohan Singh
• Morarji Desai
• Indira Gandhi
• Rajiv Gandhi