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Banking Awareness · Q120

Banking Awareness MCQs for Banking exams, IBPS, SBI

Banking Awareness · Banking Awareness · question 120

Q120

With a view to facilitate payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country–

A.
Registration
B.
Nomination
Answer
C.
Indemnity
D.
Guarantee

Answer: Option B

Solution

Answer: Option B
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