GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the name of the platform launched by State Bank of India (SBI) that enables customers to book their foreign exchange transactions online?
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SBI eforex
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SBI eshare
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SBI eonline
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SBI emoney
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Explanation:
Detailed explanation-1: -Country’s largest lender State Bank of India said on Friday it has launched SBI eforex, an Internet-based platform that enables customers to book their foreign exchange transactions online.
Detailed explanation-2: -An act was accordingly passed in Parliament in May 1955 and the State Bank of India was constituted on 1 July 1955.
Detailed explanation-3: -You will first need to identify the nearest Forex approved branch. Check the exchange rate for your needed currency for that day. Make sure you have at least one of the following on you. Identify how you will make your payment. Approach the bank teller and begin your transaction. 18-Feb-2021
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