BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Postal Service Board is____of the Department of Posts.
A
apex management body
B
regulatory management body
C
financial management body
D
statutory authority
Explanation: 

Detailed explanation-1: -The Postal Service Board, the apex management body of the Department, comprises the Chairman and six Members. The six members of the Board hold portfolios of Personnel, Operations, Technology, Postal Life Insurance, Banking & DBT and Planning respectively.

Detailed explanation-2: -The country has been divided into 23 postal circles, each circle headed by a Chief Postmaster General. Each circle is divided into regions, headed by a Postmaster General and comprising field units known as Divisions. These divisions are further divided into subdivisions.

Detailed explanation-3: -India Post accepts and delivers inland letters, postcards, parcels, postal stamps, and money orders (money transfers). Few post offices in India offer speed post (fast delivery) and payments or bank savings services.

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