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Banking Awareness · Q348

Banking Awareness MCQs for Banking exams, IBPS, SBI

Banking Awareness · Banking Awareness · question 348

Q348

What is NOT true with regard to Currency Chests in India?

A.
They are managed by different banks on behalf of RBI
B.
Deposits in Currency Chests are taken into account for calculation of CRR (Cash Reserve Ratio)
C.
Standard Chartered Bank a Foreign Bank also maintains Currency Chest
D.
None of the above
Answer

Answer: Option D

Solution

Answer: Option D
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