BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following banks has opened the country’s first, ‘Cash Factory’ in Lucknow which has issued currency notes to all its branches and ATM in that area?

A	Bank of India
B	Bank of Baroda
C	State Bank of India
D	Union Bank of India

Explanation:

Detailed explanation-1: -SBI launches first ‘cash factory’ in Lucknow-The Economic Times.

Detailed explanation-2: -The first ATM in India was set up in 1987 by HSBC in Mumbai. Q. Which bank first introduced credit card in India?

Detailed explanation-3: -The first ATM in India was set up in 1987 by HSBC in Mumbai. In the following ten years, about 1500 ATMs were set up in India.

Detailed explanation-4: -The Department of Currency Management has the responsibility of administering the functions of currency management, a core function of the Reserve Bank in terms of the Reserve Bank of India Act, 1934. Currency management essentially relates to issue of notes and coins and retrieval of unfit notes from circulation.

Detailed explanation-5: -The Reserve Bank has the sole authority to issue banknotes in India. Reserve Bank, like other central banks the world over, changes the design of banknotes from time to time.

There is 1 question to complete.