1.SGL Account is
Subsidiary General Ledger
It is maintained by public Debt Office of RBI
Banks maintain exclusively GOvernment Securities Accounts
All of the above
2.Know Your Customer (KYC) guidelines are as per the provisions of
Section 35 of Negotiable Instruments Act, 1881
Section 35A of Banking Regulation Act, 1949
Section 35A of RBI Act, 1934
IBA guidelines
3.Maximum period for which a commercial paper can be issued is
3 months
6 months
1 year
2 years
4.Out of the "non-customer facing activities" given below, which of the following has been moved out of the branch to the maximum extent?
Issue of demand drafts
Processing of loans
Clearing of cheques
Opening of Savings Accordingly, the three
5.What does "Round Tripping" in Foreign Direct Investment (FDI) relate to?
Using FDI funds inside the country
Using FDI funds outside the country
Domestic funds used outside the country
None of the above
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