135) What are the facilities available to the customers through ATM?

Cash withdrawal subject to a predetermined limit per day

Balance inquiry

Details of certain number of transactions

All of the above

Answer is:

All of the above

Explanation:

Following are the facilities available to the customers through ATM
* Cash withdrawal subject to a predetermined limit per day
* Balance inquiry
* Details of certain number of transactions

Banking System MCQ (GK Set-1) with Answers

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

136) ATM cards are issued to a person who maintains any of following accounts with the bank

(a) Savings Bank Accounts

(b) Current Accounts

Term Deposits

Both (a) and (b)

Answer is:

Both (a) and (b)

137) The Basic Committee has defined capital in two Tiers (Tier-I and Tier-II). Tier-I capital is known as

Net capital

Gross capital

Working capital

Core capital

Answer is:

Core capital

138) Tier-II capital consists of

undisclosed reserves and cumulative perpetual preference shares

general provisions, loss reserves and revaluation reserves

subordinated debt, hybrid debt capital instruments

All of the above

Answer is:

All of the above

Explanation:

Tier-II capital consists of
* undisclosed reserves and cumulative perpetual preference shares
* general provisions, loss reserves and revaluation reserves
* subordinated debt, hybrid debt capital instruments

139) Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of ______:

2 years

4 years

5 years

6 years

Answer is:

5 years

Banking System MCQ (GK Set-1) with Answers

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