Question
According to the RBI’s January 2024 circular, banks
must implement a specific reporting framework for unclaimed deposits. Which of the following best describes the obligation of banks in handling unclaimed deposits that are over 10 years old but for which the account holder or their nominee contacts the bank after the funds have been transferred to the DEA Fund?Solution
According to the "Unclaimed Deposits in Banks" circular, banks are obligated to verify the identity of the claimant and return the unclaimed deposit amount, but no interest is payable after the funds have been transferred to the DEA Fund.
Give below are two statements:
Statement - I: The terms of trade of a nation are defined as the ratio of the cost of its export commodity to th...
The coefficient of regression of Y on X is byx = 1.2 , If A = (X-300)/4 and C = (Y-500)/6 find bCA
Consider a Keynesian Cross Model with following features, Consumption Function: C= C0 + b (Y – T) Â
Tax Function: T = T0 + tY Â
I...
________ was an important growth strategy adopted by India prior to 1991.
Which of the following is/are true at equilibrium in a perfect competition?
(1) MR = MC
(2) AC = MC = AR = MR
(3) MC is falling
Which of the following statement is the objective(s) of setting up of Regional rural banks?
(i) development of agriculture, trade and other pr...
A firm should increase investment when :
Which of the following statements is true for a mixed economy?
Consider a Keynesian Cross Model with following features, Consumption Function: C= C0 + b (Y – T)
Tax Function: T = T0 + tY
Income...
Which of the following leads to an outward shift in the supply curve
