BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not true about Rapid Funds 2 India
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On line money transfer facility for NRI in abroad
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Funds will be remitted in INR
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Both 1 and 2
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None of the above
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Explanation:
Detailed explanation-1: -Issuing of coins is not a function of the Central Bank. Q. The Reserve Bank of India issues notes and coins on behalf of the state banks.
Detailed explanation-2: -Ans: NEFT offers the following advantages for funds transfer or receipt: Round the clock availability on all days of the year. Near-real-time funds transfer to the beneficiary account and settlement in a secure manner.
Detailed explanation-3: -Advancing loans to the public and accepting deposits from the public is not the function of the Reserve Bank of India.
Detailed explanation-4: -Public action is not a method of privatization as privatization is a method of transfer or sale of public assets to the private ownership.
There is 1 question to complete.