716: The term Core Banking Solutions is sometimes seen in the news. Which of the following statements best describes/describe this term?
1. It is a networking of a banks branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.
2. It is an effort to increase RBIs control over commercial banks through computerization.
3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.
Select the correct answer using the code given below.
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
717: India is a party to the Ramsar Convention and has declared many areas as Ramsar Sites. Which of the following statements best describes as to how we should maintain these sites in the context of this Convention ?
(a) Keep all the sites completely inaccessible to man so that they will not be exploited
(b) Conserve all the sites through ecosystem approach and permit tourism and recreation only
(c) Conserve all the sites through ecosystem approach for a period without any exploitation, with specific criteria and specific period for each site, and then allow sustainable use of them by future generations.
(d) Conserve all the sites through ecosystem approach and allow their simultaneous sustainable use
718: An ad valorem duty is a tax on the basis of:
(a) The price of a commodity
(b) The value added
(c) The advertisement expenditure
(d) The unit of the commodity
719: Doctrine of Lapse was adopted as a measure to annex Indian states by:
(a) Lord Cornwallis
(b) Lord Clive
(c) Lord Dalhousie
(d) Lord Wellesley
720: Which of the following Constitution Amendment Acts seeks that the size of the Councils of Ministers at the Centre and in a State must not exceed 15 per cent of the total number of members in the Lok Sabha and the total numbers of members of the Legislative Assembly of that state respectively ?
(a) 91 st
(b) 93 rd
(c) 97 th
(d) 95th