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Objective Questions
GK
GK Set-1
Economics
Banking System
149

Banking System MCQ (GK Set-1) with Answers

149) Currency notes deposited in the currency chest are the property of ____?

Respective bank

RBI

SBI

Government of India

Answer is:

RBI

Banking System MCQ (GK Set-1) with Answers

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

150) A fixed deposit receipt is kept with the bank for its safety, is known as ___?

Safe custody

Safe deposit

Locker

Valid safe deposit

Answer is:

Safe custody

151) 1. Who among the following is the primary regulator of Banking business?

Reserve Bank of India

Central Government

State Government

Parliament

Answer is:

Reserve Bank of India

152) The main business of banks is to accept deposits from the public. However, a bank can refuse to permit opening an account on behalf of _______:

Undesirable persons

Artificial persons

Arrested persons

Convicted persons

Answer is:

Undesirable persons

153) Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is:

Combating finance of terrorism

To check hawala transactions

To check the inflow of crime money

All the above

Answer is:

All the above

Banking System MCQ (GK Set-1) with Answers

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