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Banking financial awareness Practice Questions & Answers

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Section 115 of the Income Tax Act concerns which of the following?

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Section 115 of the Income Tax Act concerns which of the following?
1). GST
2). MAT
3). Benami Property
4). Money Laundering

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Which of the following statement is/are correct regarding the Vostro account?

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Which of the following statement is/are correct regarding the Vostro account?
1). It is an account held by a correspondent bank on behalf of another bank.
2). The account is a record of money owed to or maintained by a third party.
3). A Vostro account is like any other account held by a bank.
4). All of the above

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Medium-term loans are provided for a period of ________.

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Medium-term loans are provided for a period of ________.
1). 1 year to 2 years
2). 15 months to 3 years 
3). 15 months to 4 years
4). 1 year to 3 years

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Who among the following is eligible to open a bank account in India?

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Who among the following is eligible to open a bank account in India?
1). Indian citizens
2). Non-resident Indians
3). Senior citizens
4). A 10-year-old minor

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Which of the Payment Banks have their headquarter in Navi Mumbai Maharashtra?​

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Which of the Payment Banks have their headquarter in Navi Mumbai Maharashtra?​


1). Jio Payment Banks
2).  Paytm Payment Bank
3).  Airtel Payment Bank
4). Indian Post Payment Bank