Banking And Financial Institutions - Study Mode

[#536] Demand draft for Rs. 20,000 and above:
Correct Answer

(B) should not be paid in cash

[#537] What is the expansion of the term SARFAESI Act?
Correct Answer

(D) Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest

[#538] Consider the following statements. Assertion (A): The future will see mostly the electronic money clearance through satellite networking. Reasoning (R): RBI is encouraging e-banking.
Correct Answer

(C) Both (A) and (R) are true and (R) is the correct explanation of (A)

[#539] Which of the following would be treated as 'worst money' according to Gresham's law?
Correct Answer

(B) Convertible paper money

[#540] The major shareholders in Asset Reconstruction Company of India Limited (ARCIL) other than SBI are:
Correct Answer

(D) IDBI & ICICI