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Banking Awareness · Q375

Banking Awareness MCQs for Banking exams, IBPS, SBI

Banking Awareness · Banking Awareness · question 375

Q375

What do you mean by a Clearing House?

A.
Collection centre for cheques and demand drafts
Answer
B.
Pooling centre for excess currencies received from the branches
C.
Collection centre for collection of tax and other receipts
D.
collection centre for issuing debit and credit cards to customers

Answer: Option A

Solution

Answer: Option A
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