BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following option is not a substitute currency (near currency)?
A
Check
B
bond
C
treasury bill
D
notes and coins
Explanation: 

Detailed explanation-1: -2. What is legal tender? Legal Tender is a coin or a banknote that is legally tenderable for discharge of debt or obligation.

Detailed explanation-2: -Currency notes which are extremely brittle or are burnt, disfigured, charred or inseparably pieced together, shall not be accepted by the bank branches for exchange facility.

Detailed explanation-3: -The correct option is D ₹ 700 note The currency notes of which of the following denominations are not printed in India? Q. Indian currency has ₹75 denomination notes.

Detailed explanation-4: -The correct answer is Option 1 i.e. Kochi. Currency printing press of India is NOT located in Kochi. There are 4 currency note printing presses in India. Dewas in Madhya Pradesh and Nashik in Maharashtra are controlled by the central government.

There is 1 question to complete.