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General Knowledge :: Basic General Knowledge @ : Home > General Knowledge > Basic General Knowledge > Section 1
Exercise Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10 "Act well your part; there all honor lies." - Alexander Pope	1.  Grand Central Terminal, Park Avenue, New York is the world's A. largest railway station B. highest railway station C. longest railway station D. None of the above View Answer Workspace Report Discuss in Forum 2.  Entomology is the science that studies A. Behavior of human beings B. Insects C. The origin and history of technical and scientific terms D. The formation of rocks View Answer Workspace Report Discuss in Forum 3.  Eritrea, which became the 182nd member of the UN in 1993, is in the continent of A. Asia B. Africa C. Europe D. Australia View Answer Workspace Report Discuss in Forum 4.  Garampani sanctuary is located at A. Junagarh, Gujarat B. Diphu, Assam C. Kohima, Nagaland D. Gangtok, Sikkim View Answer Workspace Report Discuss in Forum 5.  For which of the following disciplines is Nobel Prize awarded? A. Physics and Chemistry B. Physiology or Medicine C. Literature, Peace and Economics D. All of the above View Answer Workspace Report Discuss in Forum 6.  Hitler party which came into power in 1933 is known as A. Labour Party B. Nazi Party C. Ku-Klux-Klan D. Democratic Party View Answer Workspace Report Discuss in Forum 12345678910111213Next » Read more: Basic General Knowledge - Section 2 Basic General Knowledge - Section 3 Basic General Knowledge - Section 4 Basic General Knowledge - Section 5 Basic General Knowledge - Section 6

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Dept of Posts cuts banking fund proposal to Rs 623 cr

Written By Admin on 20 October 2013 | Sunday, October 20, 2013

The Department of Post plans to start 50 bank branches in the first year and scale it up to 150 branches in five years.

NEW DELHI, OCT 20: The Department of Posts (DoP) has lowered its estimate of funds that it needs to start banking operations to about Rs 623 crore from its earlier projection of about Rs 1,900 crore, sources said.

The proposal for Rs 623 crore includes Rs 500 crore that is required as paid-up capital under the RBI’s new banking licence norms. The remaining amount is for infrastructure that is needed to comply with the new norms.

The DoP has applied for a banking licence. The Reserve Bank of India is expected to issue licences to shortlisted entities in January 2014.

“The DoP has lowered the proposal for funds it needs to start banking operations from about Rs 1,900 crore estimated earlier to about Rs 623 crore,” a government official told PTI.

The Government has sent the DoP’s fund proposal to the Expenditure Finance Committee. Once cleared by EFC, the proposal will be placed before the Cabinet for final approval.

The DoP plans to start 50 bank branches in the first year and scale it up to 150 branches in five years.

There are around 90,000 bank branches in the country and provision of real-time banking services through postal network is estimated to triple the current banking network.

Finance Minister, P. Chidambaram, in this year’s Budget proposals had said post offices would become part of the core banking solution (CBS) and offer real time banking services.

He had proposed a provision of Rs 532 crore for the project in 2013-14.

The Post Banks are proposed to be owned by DoP but with a completely independent board, governance structure and operations. It will have representation from Ministries of Finance and Communication & IT.

Aptitude :: Decimal Fraction

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@ : Home > Aptitude > Decimal Fraction > General Questions
Overview Important Formulas Exercise General Questions "Two things are infinite: the universe and human stupidity; and I'm not sure about the universe." - Albert Einstein	1.  Evaluate : (2.39)2 - (1.61)2 2.39 - 1.61 A. 2 B. 4 C. 6 D. 8 View Answer Workspace Report Discuss in Forum 2.  What decimal of an hour is a second ? A. .0025 B. .0256 C. .00027 D. .000126 View Answer Workspace Report Discuss in Forum 3.  The value of (0.96)3 - (0.1)3 is: (0.96)2 + 0.096 + (0.1)2 A. 0.86 B. 0.95 C. 0.97 D. 1.06 View Answer Workspace Report Discuss in Forum 4.  The value of 0.1 x 0.1 x 0.1 + 0.02 x 0.02 x 0.02 is: 0.2 x 0.2 x 0.2 + 0.04 x 0.04 x 0.04 A. 0.0125 B. 0.125 C. 0.25 D. 0.5 View Answer Workspace Report Discuss in Forum 5.  If 2994 ÷ 14.5 = 172, then 29.94 ÷ 1.45 = ? A. 0.172 B. 1.72 C. 17.2 D. 172 View Answer Workspace Report Discuss in Forum 123456Next » Read more: Decimal Fraction - Important Formulas

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