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GK Set-1
Economics
Banking System
109

Banking System MCQ (GK Set-1) with Answers

109) PAN number is required for all transactions above

Rs. 25,000

Rs. 50,000

Rs. 1 lac

Rs. 10 lacs

Answer is:

Rs. 1 lac

Banking System MCQ (GK Set-1) with Answers

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Related Banking System MCQ (GK Set-1) with Answers

110) The government has allowed issue of Long-Term Bonds for Insurance Companies and others upto

10 years

15 years

25 years

30 years

Answer is:

30 years

111) Which of the following types of ATMs eliminates the need for PIN entry and authenticated customer transactions by thumb impression?

White Label ATMs

Biometric ATMs

On-site ATMs

Off-site ATMs

Answer is:

Biometric ATMs

112) Which agency is exclusively concerned with the credit needs of all types of agricultural and rural development?

State Bank of India

Industrial Development Bank of India

Reserve Bank of India

NABARD

Answer is:

NABARD

113) What is the name of technology given to the recently introduced computerised clearance of cheques

Automatic clearance

MICR

Speedline System

Special clearning

Answer is:

MICR

Banking System MCQ (GK Set-1) with Answers

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