Which of the following is subject to payment of Stamp Duty under Indian Stamp Act, 1899 (Central Act)? A. Commercial Paper B. Treasury Bills C. Certificate of Deposit D. Both (A) and (C) E. None of the Above

Which of the following is subject to payment of Stamp Duty under Indian Stamp Act, 1899 (Central Act)? A. Commercial Paper B. Treasury Bills C. Certificate of Deposit D. Both (A) and (C) E. None of the Above
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C. Certificate of Deposit Explanation: CD is subject to payment of Stamp Duty under Indian Stamp Act, 1899 (Central Act).
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Issuance of stamp duty on bonds is under ________ A. The Companies Act, 1956 B. The Public Debt Act 1944. C. Indian Stamp Act 1899 (Central Act) D. Reserve Bank of India Act, 1934 E. Both (A) and (C)

Description : Issuance of stamp duty on bonds is under ________ A. The Companies Act, 1956 B. The Public Debt Act 1944. C. Indian Stamp Act 1899 (Central Act) D. Reserve Bank of India Act, 1934 E. Both (A) and (C)

Last Answer : C. Indian Stamp Act 1899 (Central Act) Explanation: Issuance of stamp duty on bonds is under Indian Stamp Act 1899 (Central Act). A bond is transferable by endorsement and delivery without payment of any transfer stamp duty.

Which of the following is not a „Money Market Instrument‟? A. Treasury Bills B. Commercial Paper C. Certificate of Deposit D. Equity Shares

Description : Which of the following is not a „Money Market Instrument‟? A. Treasury Bills B. Commercial Paper C. Certificate of Deposit D. Equity Shares

Last Answer : D. Equity Shares Explanation: There are several money market instruments, including treasury bills, commercial paper, bankers‘ acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage-, and asset-backed securities.

When a corporate entity wishes to raise money from the market it can do that by issuing A. Treasury Bills B. Kisan Vikas Patra C. National Savings Certificate D. Commercial Papers E. None of the Above

Description : When a corporate entity wishes to raise money from the market it can do that by issuing A. Treasury Bills B. Kisan Vikas Patra C. National Savings Certificate D. Commercial Papers E. None of the Above

Last Answer : D. Commercial Papers Explanation: Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories and meeting short-term liabilities.

Stamps used under the Indian Stamp Act, 1899 & The Bombay Stamp Supply And Sale Rules, 1934, can be broadly divided into _______ categories. A. One B. Two C. Three D. All of the Above E. None of the Above

Description : Stamps used under the Indian Stamp Act, 1899 & The Bombay Stamp Supply And Sale Rules, 1934, can be broadly divided into _______ categories. A. One B. Two C. Three D. All of the Above E. None of the Above

Last Answer : B. Two Explanation: Stamps used under the Indian Stamp Act, 1899 & The Bombay Stamp Supply And Sale Rules, 1934, can be broadly divided into two categories. Impressed stamps Adhesive stamps.

What are the important instruments under Indian Stamp Act, 1899? A. bill of exchange B. power of Attorney C. policy of insurance D. None of the Above E. All of the Above

Description : What are the important instruments under Indian Stamp Act, 1899? A. bill of exchange B. power of Attorney C. policy of insurance D. None of the Above E. All of the Above

Last Answer : E. All of the Above Explanation: Important Instruments are agreements, conveyances, exchange, gift, Certificate of sale, deed of partition, Power of Attorney to sell immovable property when given ... lading, debenture, letter of credit, policy of insurance, proxy, receipt and transfer of shares.

Which of the following is a computer based application and a secured way of paying Non-Judicial stamp duty to the Government? A. Commercial Papers B. E-stamp C. Treasury bill D. All of the Above E. None of the Above

Description : Which of the following is a computer based application and a secured way of paying Non-Judicial stamp duty to the Government? A. Commercial Papers B. E-stamp C. Treasury bill D. All of the Above E. None of the Above

Last Answer : B. E-stamp Explanation: e-Stamping is a computer based application and a secured way of paying Non-Judicial stamp duty to the Government.

The Indian stamp Act a. 1898 b.1850 c.1899

Description : The Indian stamp Act a. 1898 b.1850 c.1899

Last Answer : c.1899

Which of the following is the most active segment of the money market in India? A. Commercial Paper(CP) B. Certificate of Deposit(CD) C. Call Money D. All of the above E. None of the Above

Description : Which of the following is the most active segment of the money market in India? A. Commercial Paper(CP) B. Certificate of Deposit(CD) C. Call Money D. All of the above E. None of the Above

Last Answer : C. Call Money Explanation: Call money is short-term finance repayable on demand, with a maturity period of one to fourteen days or overnight to fortnight.

Which of the following details can be used to verify the authenticity of an e-Stamp? A. Certificate Number (UIN) B. Stamp Duty Type (Description of Document) C. 6 character alphanumeric string D. All of the Above E. None of the Above

Description : Which of the following details can be used to verify the authenticity of an e-Stamp? A. Certificate Number (UIN) B. Stamp Duty Type (Description of Document) C. 6 character alphanumeric string D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: An e-Stamp can be verified online by clicking on verify e-Stamp certificate and entering the required details i.e State Certificate Number (UIN) Stamp Duty Type (Description of Document) Certificate Issue Date 6 character alphanumeric string

Mark correct option a) The expression “postage” means the duty chargeable for the transmission by post of postal articles b) The expression “postage stamps” means any stamp provided by the [Central Government] for denoting postage or other fees or sums payable in respect of postal articles under this Act c) The expression “post office” includes every house, building, room, carriage or place used for the purposes of the Post Office. d) All the above

Description : Mark correct option a) The expression postage means the duty chargeable for the transmission by post of postal articles b) The expression postage stamps means any stamp provided by the [Central Government] ... room, carriage or place used for the purposes of the Post Office. d) All the above

Last Answer : d) All the above

Q6 All cheques , Bills etc preferable at a treasury for payment being non negotiable instruments can be endorsed only once .The above said statement isa. True b. False

Description : Q6 All cheques , Bills etc preferable at a treasury for payment being nonnegotiable instruments can be endorsed only once . The above said statement is a. True b. False

Last Answer : a. True

SHCIL will accept Stamp Duty Payment in ______ only A. US$ B. Euro C. INR D. None of the Above E. All of the Above

Description : SHCIL will accept Stamp Duty Payment in ______ only A. US$ B. Euro C. INR D. None of the Above E. All of the Above

Last Answer : C. INR Explanation: SHCIL will accept Stamp Duty Payment in Indian Rupees (INR) only.

Which one of the following statements is false ? (A) A ‘Demat Share’ is held by the depository on behalf of the investor whereas a ‘Physical Share’ is held by the investor himself (B) There is no stamp duty on the transfer of ‘Demat Shares’ from one account to another (C) The ‘Demat Share’ does not have a folio number, distinctive number or certificate number like a ‘Physical Share’ (D) The ‘Demat Share’ cannot be converted into a ‘Physical Share’

Description : Which one of the following statements is false ? (A) A Demat Share' is held by the depository on behalf of the investor whereas a Physical Share' is held by the investor himself (B) There is no ... number like a Physical Share' (D) The Demat Share' cannot be converted into a Physical Share'

Last Answer : Answer: The ‘Demat Share’ cannot be converted into a ‘Physical Share’

If a person dies and is at time of death the holder of a saving certificate and there is no nomination in force _____should be produced within 3 month for payment a) Death and probate of his willb) Letter of administration of his estatec) A succession certificate granted under the Indian succession act 1925,d) Any one of the abovee) None of these

Description : If a person dies and is at time of death the holder of a saving certificate and there is no nomination in force _____should be produced within 3 month for payment a) Death and probate of his will ... certificate granted under the Indian succession act 1925, d) Any one of the above e) None of these

Last Answer : d) Any one of the above

What is the fullform of eSBTR? A. Electronic Secured Basic Transaction Receipt B. Electronic Stamp Bank Treasury Receipt C. Electronic Stamp Bank Transaction Receipt D. Electronic Secured Bank Treasury Receipt E. Electronic Secured Basic Treasury Receipt

Description : What is the fullform of eSBTR? A. Electronic Secured Basic Transaction Receipt B. Electronic Stamp Bank Treasury Receipt C. Electronic Stamp Bank Transaction Receipt D. Electronic Secured Bank Treasury Receipt E. Electronic Secured Basic Treasury Receipt

Last Answer : D. Electronic Secured Bank Treasury Receipt Explanation: e-SBTR, is an Electronic – Secured Bank and Treasury Receipt, issued by the Officer of the participating bank, on secured Government stationery, on payment of Stamp- duty in Virtual Treasury.

Treasury bills are issued in India by ______ A. RBI B. State Government C. Government of India D. SEBI

Description : Treasury bills are issued in India by ______ A. RBI B. State Government C. Government of India D. SEBI

Last Answer : C. Government of India Explanation: Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are thus useful in managing short-term liquidity. At present, the ... , 91-day, 182-day and 364-day. There are no treasury bills issued by State Governments.

An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of ________ A. Rs.5 crore B. Rs.4 crore C. Rs.3 crore D. Rs.2 crore E. None of the Above

Description : An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of ________ A. Rs.5 crore B. Rs.4 crore C. Rs.3 crore D. Rs.2 crore E. None of the Above

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Which of the following cannot be called as a debt instrument as referred in financial transactions? A. Certificate of Deposits B. Bonds C. Stock D. Commercial Paper

Description : Which of the following cannot be called as a debt instrument as referred in financial transactions? A. Certificate of Deposits B. Bonds C. Stock D. Commercial Paper

Last Answer : C. Stock Explanation: Debt instruments are assets that require a fixed payment to the holder, usually with interest. Examples of debt instruments include bonds (government or corporate) and mortgages.

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Last Answer : C. Small company stocks; U.S. Treasury bills

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Description : Mark the incorrect option: (A) The special registration envelopes provided by the Post Office cannot be used for the transmission of unregistered article (B) Reuse of a stamp that has already ... have been cut and separated from embossed envelopes or postcards can be used in payment of postage

Last Answer : (D) Postage stamps which have been cut and separated from embossed envelopes or postcards can be used in payment of postage

According to _________, Any person can also search and inspect the records maintained by the Registry on payment of fees. A. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. B. Companies Act, 1956 C. Both (A) and (B) D. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011 E. None of these

Description : According to _________, Any person can also search and inspect the records maintained by the Registry on payment of fees. A. Securitisation and Reconstruction of Financial Assets and Enforcement of ... Assets and Enforcement of Security Interest (Central Registry) Rules, 2011 E. None of these

Last Answer : D. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011 Explanation: Any person can also search and inspect the records maintained by the ... are planning to purchase, is free of any loan/security interest created by a lender.

Repo transactions are allowed in (a) Government securities / Treasury bills of all maturity ; (b) State Government securities (c) PSU bonds/Private corporate bonds ; (d) All the three

Description : Repo transactions are allowed in (a) Government securities / Treasury bills of all maturity ; (b) State Government securities (c) PSU bonds/Private corporate bonds ; (d) All the three

Last Answer :  (d) All the three 

Stamp Duty collected by the States can be broadly divided into _______ categories A. One B. Two C. Three D. All of the Above E. None of the Above

Description : Stamp Duty collected by the States can be broadly divided into _______ categories A. One B. Two C. Three D. All of the Above E. None of the Above

Last Answer : B. Two Explanation: Stamp Duty collected by the States can be broadly divided into two categories, viz., Stamp Duty paid under the Indian Stamp Act, 1899 and Stamps used in payment of fees under the Court-fees Act 1870.

What are the different modes of paying stamp duty in e-Stamping system? A. RTGS B. NEFT C. Pay order D. All of the Above E. None of the Above

Description : What are the different modes of paying stamp duty in e-Stamping system? A. RTGS B. NEFT C. Pay order D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: Client can pay stamp duty amount through the following modes Cash Cheque Demand Draft Pay Order RTGS NEFT Account to Account transfer.

Which of the following is the negotiable instrument? A. Fixed Deposit of a Bank B. Share certificate issued by a PSU C. Demand Draft issued by a bank D. Debenture of a company E. Airway Receipt

Description : Which of the following is the negotiable instrument? A. Fixed Deposit of a Bank B. Share certificate issued by a PSU C. Demand Draft issued by a bank D. Debenture of a company E. Airway Receipt

Last Answer : C. Demand Draft issued by a bank Explanation: A demand draft is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee).

A trad-able form of loan is normally termed as ________ A. Certificate of Deposit (CD) B. Inter Bank term Money C. Bill Re-discounting D. Debt Instrument E. None of the Above

Description : A trad-able form of loan is normally termed as ________ A. Certificate of Deposit (CD) B. Inter Bank term Money C. Bill Re-discounting D. Debt Instrument E. None of the Above

Last Answer : D. Debt Instrument Explanation: A trad-able form of loan is normally termed as a Debt Instrument. They are usually obligations of issuer of such instrument as regards certain future cash flow representing Interest & Principal, which the issuer would pay to the legal owner of the Instrument.

In PO when duties of Pas are combined, the combination permissible is a) Money order & Treasury b) Sub account & mail c) Delivery and Deposit d) Delivery and mail

Description : In PO when duties of Pas are combined, the combination permissible is a) Money order & Treasury b) Sub account & mail c) Delivery and Deposit d) Delivery and mail

Last Answer : a) And brought in to a separate head at the PO

What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money held by public in currency c) ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Description : What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money ... ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Last Answer : a) ratio of money held by the public in currency to that of money held in bank deposits

Mark correct option related to bulk bag system under foreign post a) Application for bulk bag facility should be made to Head of the circleb) Special bags of printed newspaper to/from addressees/sender in foreign countries except ceylon, Nepal, Bhutan and Pakistan may be send.c) Bulk bag may be sent either as unregistered or registered.d) The sender of such bags will deposit the amount in cash or POSB certificate pledged to Head of the circle. e) All the above are correct

Description : Mark correct option related to bulk bag system under foreign post a) Application for bulk bag facility should be made to Head of the circle b) Special bags of printed newspaper to/from addressees/sender in ... in cash or POSB certificate pledged to Head of the circle. e) All the above are correct

Last Answer : e) All the above are correct

An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated? A. Negotiable Instrument Act 1881 B. Criminal Procedure Code C. Payment and Settlement Systems Act 2007 D. Indian Companies Act 1956

Description : An ECS transaction gets bounced and you are unable to recover your money from your customer. Under which Act criminal action can be initiated? A. Negotiable Instrument Act 1881 B. Criminal Procedure Code C. Payment and Settlement Systems Act 2007 D. Indian Companies Act 1956

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An Indian Postal Order presented for payment not bearing the round MO stamp of office of issue a) Cannot be paidb) Can be paid after necessary verification from the office of issuec) Will be returned to office of issue for suplly of omission and paidd) None of these

Description : An Indian Postal Order presented for payment not bearing the round MO stamp of office of issue a) Cannot be paid b) Can be paid after necessary verification from the office of issue c) Will be returned to office of issue for suplly of omission and paid d) None of these

Last Answer : b) Can be paid after necessary verification from the office of issue

The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar authentication number. Aadhaar enabled basic types of banking do not include A. Balance Enquiry B. Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer

Description : The Aadhaar-Enabled Payment Systems(AEPS) is a bank led model that facilitates banking facilities by allowing transactions at Point of Sale through the Business Correspondent (BC) using the Aadhaar ... . Cash Withdrawal C. Online Payment D. Cash Deposit E. Aadhaar to Aadhaar funds transfer

Last Answer : C. Online Payment Explanation: Services Offered by AEPS: Balance Enquiry Cash Withdrawal Cash Deposit Aadhaar to Aadhaar Fund Transfer Gateway Authentication Services

Payment banks can accept a restricted deposit which is currently limited to _______ per customer account. A. Rs.1 lakh B. Rs.3 lakh C. Rs.2 lakh D. Rs.5 lakh E. None of the Above

Description : Payment banks can accept a restricted deposit which is currently limited to _______ per customer account. A. Rs.1 lakh B. Rs.3 lakh C. Rs.2 lakh D. Rs.5 lakh E. None of the Above

Last Answer : A. Rs.1 lakh Explanation: Payment banks can accept a restricted deposit which is currently limited to Rs. 1 lakh per customer account.

Which of the following particulars should also be furnished on the reverse of the daily account. a) Details of remittances received and sent from or to HO or other SO b) Particulars of UCR , UCP, bills paid , reason for holding cash/stamp below minimum or excess maximum c) Requisition for postage entered in remarks column d) All documents sent to along with the daily account e) All the above

Description : Which of the following particulars should also be furnished on the reverse of the daily account. a) Details of remittances received and sent from or to HO or other SO b) Particulars of UCR , UCP, ... entered in remarks column d) All documents sent to along with the daily account e) All the above

Last Answer : e) All the above

If the endorsement makes the payment of a bill subject to the fulfilment of a condition the endorsement is called _______ A. Restrictive Endorsement B. Partial Endorsement C. Conditional Endorsement D. Facultative Endorsement E. Both (A) and (B)

Description : If the endorsement makes the payment of a bill subject to the fulfilment of a condition the endorsement is called _______ A. Restrictive Endorsement B. Partial Endorsement C. Conditional Endorsement D. Facultative Endorsement E. Both (A) and (B)

Last Answer : C. Conditional Endorsement Explanation: If the endorsement makes the payment of a bill subject to the fulfilment of a condition the endorsement is called Conditional Endorsement.

Under the SARFAESI Act, 2002, the Central Registrar may allow the filing of the particulars of creation of security interest within _____ next following the expiry of the period of initial thirty days on payment of additional fee. a) Ten days b) Thirty days c) Twenty-five days d) Fifteen days

Description : Under the SARFAESI Act, 2002, the Central Registrar may allow the filing of the particulars of creation of security interest within _____ next following the expiry of the period of initial thirty days on payment of additional fee. a) Ten days b) Thirty days c) Twenty-five days d) Fifteen days

Last Answer : b) Thirty days

No stamp duties are levied on LC backed bills up to _______ days. a 120 b 100 c 90

Description : No stamp duties are levied on LC backed bills up to _______ days. a 120 b 100 c 90

Last Answer : c 90

The following records may not be destroyed without the special permission of the Head of the Circle a) Post office order book b) Register of undeliverable pass books in deposit in the head office c) Post office certificate ledger d) Correspondence regarding which enquiry in progress or connected with the cases which have not been fully decided or closed e) All the above

Description : The following records may not be destroyed without the special permission of the Head of the Circle a) Post office order book b) Register of undeliverable pass books in deposit in the head office c) ... or connected with the cases which have not been fully decided or closed e) All the above

Last Answer : e) All the above

In what manner fee for getting the nomination cancelled in a Savings account is to be paid? a) In shape of cash b) By deposit to UCR c) In shape of stamp affixed on the application d) None of these

Description : In what manner fee for getting the nomination cancelled in a Savings account is to be paid? a) In shape of cash b) By deposit to UCR c) In shape of stamp affixed on the application d) None of these

Last Answer : c) In shape of stamp affixed on the application

The following offering is not a service 1. Fixed deposit receipt 2. Postage stamp 3. Insurance Policy 4. Gift coupon of a chain store 5. None of these

Description : The following offering is not a service 1. Fixed deposit receipt 2. Postage stamp 3. Insurance Policy 4. Gift coupon of a chain store 5. None of these

Last Answer : Gift coupon of a chain store

If a certificate is spoilt before issue a) Retuned to Circle Stamp depot duly attached to the monthly journal of certificates issued b) Retuned to Circle offece depot duly attached to the monthly journal of certificates issued c) The Postmaster will write the word "spoiled" in red ink on the certificate and affix the oblong M.O. Stamp and send the same to the Postal Accounts Office duly attached to the monthly journal of certificates issued d) None of these

Description : If a certificate is spoilt before issue a) Retuned to Circle Stamp depot duly attached to the monthly journal of certificates  issued b) Retuned to Circle offece depot duly attached to the ... Postal Accounts Office duly  attached to the monthly journal of certificates issued d) None of these

Last Answer : c) The Postmaster will write the word "spoiled" in red ink on the certificate and affix  the oblong M.O. Stamp and send the same to the Postal Accounts Office duly  attached to the monthly journal of certificates issued

When a certificate is unclaimed or remains undelivered at a H.O. or S.O. for any reason and all efforts to deliver the same to the holders have failed, the same will be sent by the _____ for safe custody to the ____ alongwith the monthly returns a) HO, Postal account office b) SO, Postal account office c) HO, Circle stamp depot d) None of these

Description : When a certificate is unclaimed or remains undelivered at a H.O. or S.O. for any  reason and all efforts to deliver the same to the holders have failed, the same will be sent  by the _____ for ... HO, Postal account office b) SO, Postal account office c) HO, Circle stamp depot d) None of these

Last Answer : a) HO, Postal account office

The yearly unsold certificate statement received from all SO by HO will be forwarded to a) Circle stamp depot b) Head of the circle d) Postal Account office d) Security press nasik

Description : The yearly unsold certificate statement received from all SO by HO will be forwarded to a) Circle stamp depot b) Head of the circle d) Postal Account office d) Security press nasik

Last Answer : d) Security press nasik

i. Saving Deposit, Recurring Deposit, Cash Credit. Fixed Deposit ii. Overdraft, Fixed Deposit, Discounting of Bills, Cash Credit

Description : i. Saving Deposit, Recurring Deposit, Cash Credit. Fixed Deposit ii. Overdraft, Fixed Deposit, Discounting of Bills, Cash Credit

Last Answer : Find the odd one: i. Saving Deposit, Recurring Deposit, Cash Credit. Fixed Deposit ii. Overdraft, Fixed Deposit, Discounting of Bills, Cash Credit

My checking account was garnished on Friay. I receive my salary through direct deposit at my bank, and they took all of it! Isn't this illegal I need help. The garnishment is for bills while in the hospital for a week and subsequent anti biotic treatment?

Description : My checking account was garnished on Friay. I receive my salary through direct deposit at my bank, and they took all of it! Isn't this illegal I need help. The garnishment is for bills while in the hospital for a week and subsequent anti biotic treatment?

Last Answer : No that had to go to court to be able to do that. You will have to prove how much you need to live on and they will take the rest. Unfortunately, this is very legal. You should have received a legal notice informing you of the garnishment.

The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system? A. Reserve Bank of India Act–1934 B. Banking Companies (Acquisition and Transfer of Undertakings) Act–1970 C. Banking Regulation (Companies) Rules, 1949 D. Payment and Settlement Systems Act (PSS Act), 2007 E. None of the Above

Description : The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system? A. Reserve Bank of India Act-1934 B. Banking ... , 1949 D. Payment and Settlement Systems Act (PSS Act), 2007 E. None of the Above

Last Answer : D. Payment and Settlement Systems Act (PSS Act), 2007 Explanation: The Overseas Principal should obtain necessary authorisation from the Department of Payment and Settlement Systems, Reserve Bank of India ... Payment and Settlement Systems Act (PSS Act), 2007 to commence/ operate a payment system.

To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign ... Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : A. Payment and Settlement Systems (PSS) Act 2007. Explanation: To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of ... PSS) Act 2007. Bharat Bill Payment Operating Units (BBPOUs) will be the authorised operational units.

If the US Treasury were to mint a $1T coin, how would that be different from printing the same amount of paper currency?

Description : If the US Treasury were to mint a $1T coin, how would that be different from printing the same amount of paper currency?

Last Answer : As I read the article, the law says it must be a platinum COIN, not something on paper. I guess that the assumption is that coin is solid and permanent, while pieces of paper are ephemral.

A short-term government security paper is called - (1) Share (2) Debenture (3) Mutual fund (4) Treasury bill

Description : A short-term government security paper is called - (1) Share (2) Debenture (3) Mutual fund (4) Treasury bill

Last Answer : (4) Treasury bill Explanation: Treasury bills are instrument of short-term borrowing by the Government of India, issued as promissory notes under discount. The interest received on them is the ... they are issued and their redemption value. They have assured yield and negligible risk of default.

A short-term government security paper is called (1) Share (2) Debenture (3) Mutual fund (4) Treasury bill

Description : A short-term government security paper is called (1) Share (2) Debenture (3) Mutual fund (4) Treasury bill

Last Answer : Treasury bill