Banking And Financial Institutions - Study Mode
[#231] Currency Note containing political slogan is not a legal tender as per:
Correct Answer
(A) Legal Tender (Inscribed Notes) Act, 1964
[#232] What is the term used for possibility in which actual results may differ from predicted results?
Correct Answer
(A) Risk
[#233] Which of the following can be termed as the first foreign bank in India?
Correct Answer
(A) HSBC Bank
[#234] What is the purpose of forming Banks Board Bureau? 1. The bureau will recommend appointment of senior officials in public-sector banks and thus, will insulate public-sector banks from government interference. 2. The bureau will inspect the level of NPAs of public-sector banks. 3. The bureau will identify the best practices in private-sector banks and seek their implementation in public sector banks.
Correct Answer
(A) 1 only
[#235] What is 'Black Money'?
Correct Answer
(D) Illegal income