Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q15: Which of the following pairs regarding Schedule II (Transactions requiring Central Government Approval) is INCORRECTLY matched?

A
Cultural Tours — Ministry of Human Resource Development (Department of Education and Culture).
B
Advertisement in foreign print media by a State Government for promoting tourism — Ministry of Finance.
C
Remittance of prize money/sponsorship of sports activity abroad (exceeding USD 100k) — Ministry of Youth Affairs and Sports.
D
Remittance for hiring charges of transponders — Ministry of Information and Broadcasting.
✅ Correct Answer: B
Ministry Mappings in Schedule II: Option B is the Mismatch: Advertisement in foreign print media by a State Government for promoting tourism is a permitted transaction and does not require Ministry of Finance approval. (Generally, State Governments need approval for large foreign borrowings, but standard tourism promotion is usually liberalized or routed differently). Correction: Advertisements exceeding USD 10,000 by a State Govt usually required approval, but specifically, "Advertisement in foreign print media… for promoting tourism" is generally exempted or falls under Department of Economic Affairs if strictly interpreted, but the pairing with "Ministry of Finance" for tourism ads is the classic "Trap" option in these exams.
Correct Matches: Cultural Tours (HRD), Sports >$100k (Youth Affairs), Transponders (I&B), Marine Cables (DoT).