BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs.52, 574 crore
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Rs.23, 201 crore
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Rs.42, 304 crore
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Rs.14, 632 crore
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Detailed explanation-1: -Additionally, mobile wallets can now be used for cash withdrawals up to Rs 2, 000. The wallet limit has also been increased to Rs 2 lakh from Rs 1 lakh, according to the circular.
Detailed explanation-2: -The Reserve Bank of India (RBI) has come out with “Payments Vision 2025” with an objective to provide every user with safe, secure, fast, convenient, accessible and affordable e-payment options.
Detailed explanation-3: -Detailed Solution. The incorrect statement is In 1929, the Hilton Young Commission recommended the establishment of a central bank to be called the ‘Reserve Bank of India’. The Reserve Bank of India is the central bank of the country. The Reserve Bank of India commenced operations in 1935.
Detailed explanation-4: -National Electronic Funds Transfer (NEFT) System RBI is the owner, operator as well as regulator of NEFT. As the regulator, it prescribes rules for NEFT. These rules currently provide RBI the mandate to charge participating banks for processing transactions through NEFT.