BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Holidays for the Banks are declared as per____[SBI Bank 2013]
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Reserve Bank Act
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Banking Regulation Act
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Negotiable Instruments Act
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Securities and Exchange Board of India Act
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Explanation:
Detailed explanation-1: -When day of maturity is a holiday.-When the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the next preceding business day.
Detailed explanation-2: -Why is only the second Saturday, not the others, a holiday? Saturday is the Sabbath among the Jews and the only day named after a Roman God, Saturn. In support of this historical belief, across cultures, most employers give their workers either a half day or a full holiday on this day.
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