Question
Under the Motor Vehicles Act, a driving licence can be
renewed by the licensing authority with effect from the date of its expiry. However, in cases where the application for renewal is made, what is the timeframe within which the licence shall be renewed with effect from the date of its renewal?Solution
Section 15.  Renewal of driving licences: (1) Any licensing authority may, on application made to it, renew a driving licence issued under the provisions of this Act with effect from the date of its expiry: Provided that in any case where the application for the renewal of a licence is made either one year prior to date of its expiry or within one year after the date of its expiry, the driving licence shall be renewed with effect from the date of its renewal.
Which of the following statements best describes/describe ‘Core Banking Solutions’?
1. It is the networking of a bank’s branches which enab...
When was the first phase of the India Post Payment bank inaugurated?
With reference to the BRICS, consider the following statements-Â
I. The BRICS brings together five of the largest developing countries of the wo...
SMERA Limited, a popular body in the financial world, is a full service?
The Foreign Exchange Management Act,_________ , is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with...
MUDRA Bank is a public sector financial institution in India, it is a subsidiary of ____________ .
The Income calculated by taking revenues and subtracting the costs of doing business such as depreciation, interest, taxes and other expenses is known as:
Consider the following:Â
1. Market borrowing
2. Treasury bills
3. Special securities issued to RBI
Which of these is/are co...
An online service for the verification of identity and submission of life certificates for pensioners of the state government being launched by the stat...
Which of the following will not contribute to a higher current account deficit?
(1) Increase in price of crude oil
(2) Rise in export of s...