Banking And Financial Institutions - Study Mode
[#841] Usually, the validity period of an Income Tax Refund Order is:
Correct Answer
(C) 3 months
[#842] If a cheque presented through the Clearing House is returned unpaid for any reason, the banker has to enclose the cheque to a Returning Memo while returning the instrument to the customer. This provision has been prescribed under:
Correct Answer
(D) RBI Clearing House Rules
[#843] Consider the following statements. Assertion (A): The liability of the option buyer is limited in the currency options market. Reason (R): Option buyer need not exercise the option if the exchange rate is not favourable for him.
Correct Answer
(C) Both (A) and (R) are correct
[#844] In the call/notice money market, which of the following participants is allowed to trade?
Correct Answer
(C) Only Commercial Banks
[#845] The F and O segment of NSE provides trading facilities for the following derivative instruments, except
Correct Answer
(A) individual warrant options