Classical

Banking and Financial Institutions - Banking and Financial Institutions MCQ

11:  

State Bank of India is a

A.

Public Sector Bank

B.

Private Sector Bank

C.

Joint Sector Bank

D.

Non-Nationalised bank

 
 

Option: A

Explanation :


12:  
For foreign Bank, priority sector lending targets is __ % of net banking credit
A.

32%

B.

36%

C.

40%

D.

44%

 
 

Option: A

Explanation :


13:  

In term of PMLA, records of cash transaction of Rs 10 lacs and suspicious transaction are required to be maintained for a period of

A.

5 years

B.

10 years

C.

15 years

D.

25 years

 
 

Option: C

Explanation :


14:  

1st August of every year is observed as 

A.

KYC Compliance Day

B.

KYC Compliance of AML Days

C.

Computer Security Day

D.
KYC Compliance and Fraud Prevention Day
 
 

Option: D

Explanation :


15:  

Real Time Gross Settlement (RTGS) is management by

A.

State Bank of India

B.

Reserve Bank of India

C.

Indian Bank Association

D.

Government of India

 
 

Option: B

Explanation :




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