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What purpose does the MICR number, which is present on a cheque, serve?

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Important Questions on Banking

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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
BMB is merges with which bank?
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
The abbreviation EPOS stands for _____.
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
Which one of the following is known as DEMAT account?
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
The foreign exchange of India is kept with _____.
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
Which of the following is the correct full form of ECS often used in banking?
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
Where is the headquarters of Central Bank of India?
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
The term NOC in banking is associated with _____.
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
Which bank has linked agreements with the World Bank for a $625-million facility to support a grid connected rooftop solar programme in the country?
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
The maximum amount that can be remitted through RTGS is _____.
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
In which of the following types of banking, is there a direct execution of transaction between a bank and its consumer?
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
Balance in a current account is classified as _____.
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
The head of the Reserve Bank of India is officially known as _____.
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
Maximum amount in BSBDA account at any point of time should not exceed_____.
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
State Bank of India (SBI) recently launched_____, a social media banking platform for Facebook and Twitter.
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
Fino pay tech got the license for establishing a_____.
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
Which PSB has its headquarter in Chennai?
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
The Quantum Deposit Scheme of ICICI Bank and the Multi Option Deposit Scheme (MODS) of SBI are examples of _____.
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
Which of the following is not acceptable as address proof for opening a bank account by an individual?
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
Which of the following forms of securing a loan is the safest one?
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Mathematics>Arithmetic>Banking>Cheques and Types of Cheques
In case of failed ATM transactions, if the amount is not credited to a customer's account within seven working days from the receipt of the complaint, banks have to pay compensation at the rate of _____ per day.