Explore topic-wise InterviewSolutions in Class 12.

This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Class 12 knowledge and support exam preparation. Choose a topic below to get started.

3501.

Elaborate 'economic growth' as objective of government budget.

Answer» <html><body><p></p>Solution :Economic growth <a href="https://interviewquestions.tuteehub.com/tag/implies-1037962" style="font-weight:bold;" target="_blank" title="Click to know more about IMPLIES">IMPLIES</a> a sustainable increases in real GDP of an economy i.e. an <a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> in volume of goods and services produced in an economy. Budget can be an effective tool to <a href="https://interviewquestions.tuteehub.com/tag/ensure-972238" style="font-weight:bold;" target="_blank" title="Click to know more about ENSURE">ENSURE</a> the economic growth in a country <br/> (i) If the government provides tax rebates and other incentives for productive activities, it can stimulate savings an divestment in the economy . <br/> (ii) <a href="https://interviewquestions.tuteehub.com/tag/spending-1222051" style="font-weight:bold;" target="_blank" title="Click to know more about SPENDING">SPENDING</a> on infrastructure in the economy promotesthe production activities across different sectors. Government expenditure is a major factor that generates <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> for different types of goods and services, which induces economic growth in the economy.</body></html>
3502.

How Is depreciation of Indian rupee likely to affect Indian exports? Explain.

Answer» <html><body><p></p>Solution :Depreciation of Indian rupee means <a href="https://interviewquestions.tuteehub.com/tag/fall-983217" style="font-weight:bold;" target="_blank" title="Click to know more about FALL">FALL</a> in the <a href="https://interviewquestions.tuteehub.com/tag/value-1442530" style="font-weight:bold;" target="_blank" title="Click to know more about VALUE">VALUE</a> of rupee in terms of foreign <a href="https://interviewquestions.tuteehub.com/tag/currency-940735" style="font-weight:bold;" target="_blank" title="Click to know more about CURRENCY">CURRENCY</a> (say US dollar). It makes Indian goods cheaper which encourages foreign countries to <a href="https://interviewquestions.tuteehub.com/tag/import-11331" style="font-weight:bold;" target="_blank" title="Click to know more about IMPORT">IMPORT</a> more goods from <a href="https://interviewquestions.tuteehub.com/tag/india-54" style="font-weight:bold;" target="_blank" title="Click to know more about INDIA">INDIA</a>. As a result, Indian exports will rise.</body></html>
3503.

Explain the concepts of Real GDP and Nominal GDP, using a suitable numerical example.

Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/nominal-571419" style="font-weight:bold;" target="_blank" title="Click to know more about NOMINAL">NOMINAL</a> GDP: It is calculated considering the prices of the current year, hence it is also known are GDP at Current Prices. It is <a href="https://interviewquestions.tuteehub.com/tag/generally-471963" style="font-weight:bold;" target="_blank" title="Click to know more about GENERALLY">GENERALLY</a> used to estimate the current GDP and is not used for calculating the growth <a href="https://interviewquestions.tuteehub.com/tag/rate-1177476" style="font-weight:bold;" target="_blank" title="Click to know more about RATE">RATE</a>. It is generally higher than Real GDP.Nominal GDP = total investments + Government spending + Consumption + (exports – imports)Real GDP: It is calculated using prices in a particular base year. In other words, it is the Nominal GDP <a href="https://interviewquestions.tuteehub.com/tag/adjusted-7661905" style="font-weight:bold;" target="_blank" title="Click to know more about ADJUSTED">ADJUSTED</a> for inflation and is known as GDP at Constant Prices. Real GDP is used for calculating the growth rate.When price increases, and to normalize the effect of increased price Nominal GDP is converted into Real GDP. For this <a href="https://interviewquestions.tuteehub.com/tag/conversion-425722" style="font-weight:bold;" target="_blank" title="Click to know more about CONVERSION">CONVERSION</a>, GDP deflator is used.The GDP deflator is the average value of the prices of all goods and services that contribute to GDP.So, GDP deflator=Nominal GDP/Real GDP * 100Example: If nominal GDP =Rs10000Cr and real is 1000CrThen, GDP deflator=10000/1000 * 100= 1000Real GDP=10000/1000 *100= 1000Cr</body></html>
3504.

A change from Rs 60 =1$ to Rs 62 = 1$ indicates that Rs has ____

Answer» <html><body><p>appreciated <br/><a href="https://interviewquestions.tuteehub.com/tag/depreciated-7675340" style="font-weight:bold;" target="_blank" title="Click to know more about DEPRECIATED">DEPRECIATED</a> <br/>neither (i) nor (<a href="https://interviewquestions.tuteehub.com/tag/ii-1036832" style="font-weight:bold;" target="_blank" title="Click to know more about II">II</a>) <br/>either (i) or (ii)</p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a></body></html>
3505.

Identify the following as Normal Residents of India : Students from India going to Australia for higher studies.

Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/normal-1123860" style="font-weight:bold;" target="_blank" title="Click to know more about NORMAL">NORMAL</a> <a href="https://interviewquestions.tuteehub.com/tag/residents-1186245" style="font-weight:bold;" target="_blank" title="Click to know more about RESIDENTS">RESIDENTS</a>.</body></html>
3506.

An increase in price will result in an increase in total revenue if :

Answer» <html><body><p>the percentage <a href="https://interviewquestions.tuteehub.com/tag/change-913808" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGE">CHANGE</a> in quantity <a href="https://interviewquestions.tuteehub.com/tag/demanded-7675308" style="font-weight:bold;" target="_blank" title="Click to know more about DEMANDED">DEMANDED</a> is less than the percentage change in price. <br/>the percentage change in quantity demanded is greater than the percentage change in price. <br/>Demand is elastic. <br/>The consumer is <a href="https://interviewquestions.tuteehub.com/tag/operating-1136761" style="font-weight:bold;" target="_blank" title="Click to know more about OPERATING">OPERATING</a> along a linear demand <a href="https://interviewquestions.tuteehub.com/tag/curve-941741" style="font-weight:bold;" target="_blank" title="Click to know more about CURVE">CURVE</a> at a point at which the price is very <a href="https://interviewquestions.tuteehub.com/tag/high-479925" style="font-weight:bold;" target="_blank" title="Click to know more about HIGH">HIGH</a> and the quantity demanded is very low. </p>Answer :a</body></html>
3507.

Explain the "medium of exchange" function of money.

Answer» <html><body><p></p>Solution :The primary function of money is to act as a medium of exchange between two parties involved in a transaction. It avoids the practical problems of wastage of time and resources involved in the barter system of exchange and it improves the efficiency of the transaction. It promotes allocation efficiency in the trade and production of goods and services. In case of the barter system, the <a href="https://interviewquestions.tuteehub.com/tag/sale-1193496" style="font-weight:bold;" target="_blank" title="Click to know more about SALE">SALE</a> and purchase of goods occurs at the same time. Their sale and purchase value also <a href="https://interviewquestions.tuteehub.com/tag/remains-621920" style="font-weight:bold;" target="_blank" title="Click to know more about REMAINS">REMAINS</a> equal at that point. A person can purchase or sell goods with cash without <a href="https://interviewquestions.tuteehub.com/tag/selling-25929" style="font-weight:bold;" target="_blank" title="Click to know more about SELLING">SELLING</a> or purchasing any good at that point, after money came into existence. <a href="https://interviewquestions.tuteehub.com/tag/thus-2307358" style="font-weight:bold;" target="_blank" title="Click to know more about THUS">THUS</a>, the act of purchase and sale has been separated. Thereby the medium of exchange facilitated sale and purchase very easily in terms of <a href="https://interviewquestions.tuteehub.com/tag/monetary-1100648" style="font-weight:bold;" target="_blank" title="Click to know more about MONETARY">MONETARY</a> value.</body></html>
3508.

According to recent media reports: 'USA has accused China of currency devaluation to promote its exports'. In the light of the given media report comment, how exports can be promoted through the Currency devaluation?

Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :USA has a point of argument as devaluation of a currency encourages exports of a country. As exports goods become cheaper in the international <a href="https://interviewquestions.tuteehub.com/tag/market-25464" style="font-weight:bold;" target="_blank" title="Click to know more about MARKET">MARKET</a> giving a competitive edge for the goods of domestic country (China). Devaluation of the value of domestic currency promotes the exports of the country and may adversely <a href="https://interviewquestions.tuteehub.com/tag/impact-1037617" style="font-weight:bold;" target="_blank" title="Click to know more about IMPACT">IMPACT</a> the production and <a href="https://interviewquestions.tuteehub.com/tag/sale-1193496" style="font-weight:bold;" target="_blank" title="Click to know more about SALE">SALE</a> of importing country (USA).</body></html>
3509.

If in an economy saving function is given by S = (-) 50 + 0.2 Y and Y = Rs 2,000 crore, consumption expenditure for the economy would be Rs 1,650 crore and the autonomous investment is Rs 350 crore and the marginal propensity to consume is 0.8. True or False? Justify your answer with proper calculations OR Distinguish between aggregate demand adn aggregate supply in macroeconomics

Answer»
3510.

Direct purchases made abroad by resident households.

Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/private-11896" style="font-weight:bold;" target="_blank" title="Click to know more about PRIVATE">PRIVATE</a> <a href="https://interviewquestions.tuteehub.com/tag/final-461168" style="font-weight:bold;" target="_blank" title="Click to know more about FINAL">FINAL</a> <a href="https://interviewquestions.tuteehub.com/tag/consumption-931383" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMPTION">CONSUMPTION</a> <a href="https://interviewquestions.tuteehub.com/tag/expenditure-980222" style="font-weight:bold;" target="_blank" title="Click to know more about EXPENDITURE">EXPENDITURE</a></body></html>
3511.

What is a government budget ?

Answer» <html><body><p></p>Solution :Government budget is a detailed statement of the <a href="https://interviewquestions.tuteehub.com/tag/estimates-25706" style="font-weight:bold;" target="_blank" title="Click to know more about ESTIMATES">ESTIMATES</a> <a href="https://interviewquestions.tuteehub.com/tag/ofgovernment-1128525" style="font-weight:bold;" target="_blank" title="Click to know more about OFGOVERNMENT">OFGOVERNMENT</a> receipts and government expenditure during a <a href="https://interviewquestions.tuteehub.com/tag/financial-988642" style="font-weight:bold;" target="_blank" title="Click to know more about FINANCIAL">FINANCIAL</a> <a href="https://interviewquestions.tuteehub.com/tag/year-1464599" style="font-weight:bold;" target="_blank" title="Click to know more about YEAR">YEAR</a>.</body></html>
3512.

When total revenue is constant, average revenue will also be constant.

Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/false-459184" style="font-weight:bold;" target="_blank" title="Click to know more about FALSE">FALSE</a> : It is so because when total revenue is <a href="https://interviewquestions.tuteehub.com/tag/constant-930172" style="font-weight:bold;" target="_blank" title="Click to know more about CONSTANT">CONSTANT</a>, <a href="https://interviewquestions.tuteehub.com/tag/average-13416" style="font-weight:bold;" target="_blank" title="Click to know more about AVERAGE">AVERAGE</a> revenue should be <a href="https://interviewquestions.tuteehub.com/tag/diminishing-2044202" style="font-weight:bold;" target="_blank" title="Click to know more about DIMINISHING">DIMINISHING</a> as shown in the table given below. <br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/FM_M_ECO_XII_P1_C08_E02_043_S01.png" width="80%"/></body></html>
3513.

Diminishing returns occur:

Answer» <html><body><p>1.When <a href="https://interviewquestions.tuteehub.com/tag/units-1438468" style="font-weight:bold;" target="_blank" title="Click to know more about UNITS">UNITS</a> of a variable <a href="https://interviewquestions.tuteehub.com/tag/input-11237" style="font-weight:bold;" target="_blank" title="Click to know more about INPUT">INPUT</a> are added to a fixed input and <a href="https://interviewquestions.tuteehub.com/tag/total-711110" style="font-weight:bold;" target="_blank" title="Click to know more about TOTAL">TOTAL</a> product falls.<br/>2.When units of a variable input are added to a fixed input and marginal product falls.<br/>3.When the size of the plant is increased in the long run.<br/>4.When the <a href="https://interviewquestions.tuteehub.com/tag/quantity-1174212" style="font-weight:bold;" target="_blank" title="Click to know more about QUANTITY">QUANTITY</a> of the fixed input is increased and <a href="https://interviewquestions.tuteehub.com/tag/returns-1187977" style="font-weight:bold;" target="_blank" title="Click to know more about RETURNS">RETURNS</a> to the variable input falls.</p>Answer :b</body></html>
3514.

Explain the 'Bankers' Bank' functionn of central bank

Answer»
3515.

Identify the following items as visible items or invisible items: (i) Export of computer software.(ii) Import of LCD screen from Malaysia.(iii)Banking service to NRI.(iv)Export of Tea to Thailand.(v) Consultancy services of TCS used by a foreign firm.

Answer» <html><body><p><br/></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/visible-1447103" style="font-weight:bold;" target="_blank" title="Click to know more about VISIBLE">VISIBLE</a> <a href="https://interviewquestions.tuteehub.com/tag/items-1052972" style="font-weight:bold;" target="_blank" title="Click to know more about ITEMS">ITEMS</a>:(ii), (iv); Invisible Items:(i),(<a href="https://interviewquestions.tuteehub.com/tag/iii-497983" style="font-weight:bold;" target="_blank" title="Click to know more about III">III</a>), (<a href="https://interviewquestions.tuteehub.com/tag/v-722631" style="font-weight:bold;" target="_blank" title="Click to know more about V">V</a>).</body></html>
3516.

State any two factors affecting elasticity of supply.

Answer» <html><body><p></p>Solution :(i) Nature of commodity <br/> (<a href="https://interviewquestions.tuteehub.com/tag/ii-1036832" style="font-weight:bold;" target="_blank" title="Click to know more about II">II</a>) <a href="https://interviewquestions.tuteehub.com/tag/time-19467" style="font-weight:bold;" target="_blank" title="Click to know more about TIME">TIME</a> <a href="https://interviewquestions.tuteehub.com/tag/period-1151023" style="font-weight:bold;" target="_blank" title="Click to know more about PERIOD">PERIOD</a>.</body></html>
3517.

Given that MPC=0.8 and investment at all levels of income is Rs 40, complete the following table.

Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :Do it yourself</body></html>
3518.

Primary deficit in a government budget equals:

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/interest-13407" style="font-weight:bold;" target="_blank" title="Click to know more about INTEREST">INTEREST</a> <a href="https://interviewquestions.tuteehub.com/tag/payments-1149318" style="font-weight:bold;" target="_blank" title="Click to know more about PAYMENTS">PAYMENTS</a><br/>Interest payments <a href="https://interviewquestions.tuteehub.com/tag/less-1071906" style="font-weight:bold;" target="_blank" title="Click to know more about LESS">LESS</a> borrowings<br/>Borrowings less interest payments<br/>None of these</p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a></body></html>
3519.

Name the items included in balance of trade account.

Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :(i) <a href="https://interviewquestions.tuteehub.com/tag/exports-980785" style="font-weight:bold;" target="_blank" title="Click to know more about EXPORTS">EXPORTS</a> of visible items (<a href="https://interviewquestions.tuteehub.com/tag/goods-1009877" style="font-weight:bold;" target="_blank" title="Click to know more about GOODS">GOODS</a>); (<a href="https://interviewquestions.tuteehub.com/tag/ii-1036832" style="font-weight:bold;" target="_blank" title="Click to know more about II">II</a>) Imports of visible items (goods).</body></html>
3520.

A consumer consumes only two goods. Explain the Conditions of the consumer's equilibrium with the help of Utility Analysis.

Answer» <html><body><p></p>Solution :According to the two commodity consumer <a href="https://interviewquestions.tuteehub.com/tag/equilibrium-974342" style="font-weight:bold;" target="_blank" title="Click to know more about EQUILIBRIUM">EQUILIBRIUM</a> or law of Equimarginal utility , a consumer gets maximum satisfaction , when <a href="https://interviewquestions.tuteehub.com/tag/ratios-1177874" style="font-weight:bold;" target="_blank" title="Click to know more about RATIOS">RATIOS</a> of MU of two commodities and their respective prices are <a href="https://interviewquestions.tuteehub.com/tag/equal-446400" style="font-weight:bold;" target="_blank" title="Click to know more about EQUAL">EQUAL</a>. Conditions of Consumer.s Equilibrium in case of two commodities<br/>(i) Necessary Condition <br/> Necessary Condition<br/> Marginal utility of last <a href="https://interviewquestions.tuteehub.com/tag/rupee-1192322" style="font-weight:bold;" target="_blank" title="Click to know more about RUPEE">RUPEE</a> spend on each commodity is same. <br/> Suppose there are two commodities, X and Y respectively . <br/> So , for commodity X, the condition is Marginal Utility of Money = price of X <br/> Or `{:("Marginal Utility of a Product in Utile " [MU_x])/("Marginal Utility of One Rupee "[MU_R])` = Price of X<br/> Or `(MU_x)/P_x=MU_R""....(1)`<br/> Similarly , for commodityY , the condition is , <br/> `(MU_x)/(P_y)=MU_R""....(2)` <br/> Putting equation (2) in (1) , we get <br/> `(MU_x)/(P_x) = (MU_y)/(P_y)` <br/> (a) If, `(MU_x)/(P_x) gt (MU_y)/(P_y)` : It means, marginal utility from last rupee spent on commodity X is more than marginal utility from the last rupee spent on commodity Y. So, to attain the equilibrium consumer must increase the <a href="https://interviewquestions.tuteehub.com/tag/quantity-1174212" style="font-weight:bold;" target="_blank" title="Click to know more about QUANTITY">QUANTITY</a> of X, which decrease the `MU_x` and decrease the quantity of Y which will increase the `MU_y` . Increase in quantity of X and decrease in quantity of X and decrease in quantity of Y continue till `(MU_x)/P_x = (MU_y)/(P_y)` . <br/> (b) If, `(MU_x)/P_x lt (MU_x)/P_y` :It means , marginal utility from the last rupee spent on commodity X is less than marginal utility from the last rupee spent on commodity Y. So , to attain the equilibrium the consumer must decrease the quantity of X which will increase the `MU_x`and increase the quantity of Y , which will decrease the `MU_y`Decrease in quantity of X and increase in quantity of Y continues till`(MU_x)/(P_x) = (MU_y)/P_y` <br/> (ii) Sufficient Condition <br/> Expenditure on commodity X+ <br/> Expenditure on commodity Y = <br/> Money Income . In other words Marginal Utility falls as more units of a commodity are consumed. This condition must be satisfied to attain the necessary condition , i.e.,<br/>`(MU_x)/(P_x)=(MU_y)/(P_y) `. If. MU does not falls as Consumption of a commodity increases, the consumer will spend all his income on one commodity, which is highly unrealistic.</body></html>
3521.

A policy initiatedby the indialn Government had an adverse inpacct on the value of of Rupee in relation to foreign exchange. What does this indicate ? Discuss this with the help at a numerical example. Aslo explain its effect on the exports and imports of the economy.

Answer» <html><body><p></p>Solution :Adverse Impact on the value of Rupee in relation to <a href="https://interviewquestions.tuteehub.com/tag/foreign-995515" style="font-weight:bold;" target="_blank" title="Click to know more about FOREIGN">FOREIGN</a> Exchange is know asDepreciation of domestic <a href="https://interviewquestions.tuteehub.com/tag/currency-940735" style="font-weight:bold;" target="_blank" title="Click to know more about CURRENCY">CURRENCY</a> <br/> Numerical <a href="https://interviewquestions.tuteehub.com/tag/example-978283" style="font-weight:bold;" target="_blank" title="Click to know more about EXAMPLE">EXAMPLE</a> : Suppose earlier, `1$=Rs. 70. ` If after the policy, the exchange rate changes to `1$=Rs 75`, then it indicates that rupee has depreciated.<br/>Effect on Exports : Due to depreciation of domestic currency, more good can be purchased from India with same amount of foreign currency. It means exports from India increases as they will <a href="https://interviewquestions.tuteehub.com/tag/become-389953" style="font-weight:bold;" target="_blank" title="Click to know more about BECOME">BECOME</a> <a href="https://interviewquestions.tuteehub.com/tag/relatively-621723" style="font-weight:bold;" target="_blank" title="Click to know more about RELATIVELY">RELATIVELY</a> cheaper. <br/> Effect on Import : It result in decreases in imports as foreign goods will become costlier now.</body></html>
3522.

Economic slowdown in some parts of the world has adversely affected demand for Indian exports. What will be its effect on the production Possibilities frontier of India? Explain.

Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :There will be no <a href="https://interviewquestions.tuteehub.com/tag/effect-966056" style="font-weight:bold;" target="_blank" title="Click to know more about EFFECT">EFFECT</a> on Production Possibility Frontier (PPF). It is because PPF shows only what a country can potentially produce, and not what it actually produces. Slowdown by reducing demand for exports may ultimately bring down <a href="https://interviewquestions.tuteehub.com/tag/output-1142821" style="font-weight:bold;" target="_blank" title="Click to know more about OUTPUT">OUTPUT</a>. Assuming that the country.s actual production is somewhere on PPF, Slowdown may result in the country <a href="https://interviewquestions.tuteehub.com/tag/producing-2229964" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCING">PRODUCING</a> at a <a href="https://interviewquestions.tuteehub.com/tag/point-1157106" style="font-weight:bold;" target="_blank" title="Click to know more about POINT">POINT</a> somewhere below PPF as shown in the figure at point U. <br/> Value: Analytic <br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/FM_M_ECO_XII_P1_C01_E02_094_S01.png" width="80%"/></body></html>
3523.

Depreciation of domestic currency leads to rise in:

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/exports-980785" style="font-weight:bold;" target="_blank" title="Click to know more about EXPORTS">EXPORTS</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/imports-1038826" style="font-weight:bold;" target="_blank" title="Click to know more about IMPORTS">IMPORTS</a> <br/>Both (a) and (<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>)<br/><a href="https://interviewquestions.tuteehub.com/tag/neither-1113494" style="font-weight:bold;" target="_blank" title="Click to know more about NEITHER">NEITHER</a> (a) nor (b) </p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :N//A</body></html>
3524.

Why are LIC and UTI not termed as banks?

Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/lic-22908" style="font-weight:bold;" target="_blank" title="Click to know more about LIC">LIC</a> and UTI are not banks as they do not accept checkable <a href="https://interviewquestions.tuteehub.com/tag/deposits-948691" style="font-weight:bold;" target="_blank" title="Click to know more about DEPOSITS">DEPOSITS</a> (<a href="https://interviewquestions.tuteehub.com/tag/although-7380138" style="font-weight:bold;" target="_blank" title="Click to know more about ALTHOUGH">ALTHOUGH</a> they <a href="https://interviewquestions.tuteehub.com/tag/advance-850602" style="font-weight:bold;" target="_blank" title="Click to know more about ADVANCE">ADVANCE</a> <a href="https://interviewquestions.tuteehub.com/tag/loans-1076821" style="font-weight:bold;" target="_blank" title="Click to know more about LOANS">LOANS</a>).</body></html>