BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
payments and settlement systems
|
|
|
contractual rights of creditors
|
|
|
intellectual property rights
|
|
|
cases of insolvency
|
Detailed explanation-1: -1. “Bank” means a legal entity engaged in the business of accepting deposits and using such funds either in whole or in part to make extensions of credit or investments for the account of the bank; 2.
Detailed explanation-2: -A bank should provide information on revenues, net earnings and return on assets. This information is being disclosed.
Detailed explanation-3: -Section 36 mentions the powers of RBI. The Reserve Bank may prohibit banking companies from entering into a particular transaction and can advise the banking company. It can also assist the banking company by granting loans or advances under Section 18.
Detailed explanation-4: -State Bank to act as agent of the Reserve Bank | State Bank of India Act, 1955 | Bare Acts | Law Library | AdvocateKhoj.