Correct Answer : Both (a) and (b)
The Section 31 states that in India, only the RBI or the central government can issue and accept promissory notes that are payable on demand. However, cheques, that are payable on demand, can be issued by anyone.
Correct Answer : Rs 10 crore
The Reserve Bank of India has imposed a fine of Rs 10 crore on HDFC Bank for deficiencies in regulatory compliance found in the auto loan portfolio of the bank.
Correct Answer : All of the above
DICGC insures all bank deposits, such as saving, fixed, current, Recurring deposit for up to the limit of Rs. 100,000 of each deposits in a bank. It was set up in 1987.
Correct Answer : India Post Payments Bank
The Mahindra Rural Housing Finance and India Post Payments Bank announced a strategic partnership for cash management solution.
The objective behind the Banking correspondent scheme was to aid the process of financial inclusion and consequently take banking to the remotest areas of the country and make them bankable.
Correct Answer : HPCL
On March 26,2021 Union Bank of India launched first of its kind 'UNI-CARBON CARD', a credit card that is co-branded by HPCL in Rupay platform of National Payments Corporation of India (NPCI) to create an opportunity to create value for the Bank's customers.
Correct Answer : District
Leader Bank Scheme was based on Area Approach for targeted and focused banking. The banker’s committee, headed by S. Nariman, concluded that districts would be the units for area approach and each district could be allotted to a particular bank which will perform the role of a Lead Bank.
Correct Answer : Centrum Financial Services Limited
The RBI has approved Centrum Financial Services Limited which will take over the Punjab & Maharashtra Co-operative Bank Ltd., Mumbai (PMC), and re-launch it as a Small Finance Bank.
Correct Answer : DBS Bank
The DBS Bank has ranked 1 out of 30 domestic and international banks in India for the second consecutive year.
Correct Answer : 900
The credit score ranges from 300 to 900. The closer you are to 900, the more confidence the credit institution will have in your ability to repay the loan and hence, the better the chances of your application getting approved. Anything above 750 is considered a good credit score.
