BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Change of premises within the same city, town or village
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Opening of an extension counter
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Providing temporary banking facilities in any institution
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Cash Reserve Ratio
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Detailed explanation-1: -The mandate and related documentation which forms the basis for effecting payments for such transactions carried out over the ATMs should be settled bilaterally between the bank and customers and the rights and obligations of each party should be clearly stated in the mandate and should be valid in the court of law.
Detailed explanation-2: -Primary Agricultural Credit Society and cooperative land mortgage banks are excluded from the Act.
Detailed explanation-3: -Section 20 of Banking Regulation Act, 1949 (B.R. Act, 1949) prohibits banks from granting any loan or advance to any of its Directors.
Detailed explanation-4: -Trading is prohibited under Section 8 of this Act. No banking company shall directly or indirectly deal in the buying or selling, or bartering of goods except when it is selling the goods kept in its security.