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226. Which of the following statements is not correct about Non-Banking Financial Companies (NBFCs)?
A. An NBFC cannot accept demand deposits
B. These institutions trade in the capital market in a variety of assets and liabilities
C. An NBFC can issue cheques drawn on it
D. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available for NBFC depositors
Explanation:
227. Which of the following banks has launched country’s first currency prepaid card called India Travel Card to enable foreigners to shop or withdraw money from ATMs in India?
A. HSBC Bank
B. ICICI Bank
C. Axis Bank
D. Bank of America
Explanation:
228. RBI has changed the rule regarding Stale Cheque. Which among the following is regarded as State Cheques?
A. A six month post dated cheque
B. A cheque with only signature of the drawer
C. A cheque issued without drawer’s signature
D. A cheque which has completed six months from its date of issue
Explanation:
229. Which of the following is not a credit rating agency?
A. Credit Analysis and Research Ltd (CARL)
B. Lintas India Pvt Ltd
C. Moody’s Investor Service
D. Standard & Poors
Explanation:
230. According to the data released by the International Monetary Fund (IMF) India has replaced which country as the world’s third largest economy in purchasing power terms?
A. Japan
B. China
C. Germany
D. US
Explanation:
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