Question
Which of the following is NOT correct about
MICR? i. Magnetic ink character recognition code (MICR Code) used mainly by the banking industry to ease the processing and clearance of cheques ii. MICR encoding typically includes bank code, bank account number, cheque number and a control indicator iii. It’s a 11-digit code to identify which shows whether the cheque is real or fakeSolution
MICR consists 9 digits, first three digits denotes the city, next three digits representing the bank and the last three digits representing the bank branch IFSC: The Indian Financial System Code, is an alphanumeric code. It consists of 11 digits . First 4 digits show the Identity of the bank. 5th digit is kept as a default ZERO for future use i.e. 0. Last 6 Characters display the Branch Identity.
When does the Securities and Exchange Board of India (Sebi) plan to implement a T+0 (same day) settlement cycle for the cash segment on an optional basi...
SEBI has in October 2021 has launched a new Mutual Fund that is called…….
The National Company Law Appellate Tribunal (NCLAT) recently approved the transfer of ownership of Jet Airways to which consortium, upholding the Nation...
Which of the following statement about Indian Depository Receipt is correct?
Which of the following methods should be used by an enterprise holding investment properties to value Investment property , a s per AS 10 (Revised) ‘P...
Which insurance firm recently launched Emerging Opportunity Fund, which will invest in mid-cap companies and emerging market leaders with the potential ...
Google-backed which payments startup ____ raises $54.4 million in funding led by Singapore's sovereign fund Temasek.
SEBI had mandated the separation of the posts of Chairperson and MD of listed companies by April 01, 2022. This norm was a part of recommendations of t...
Which of the following is not a feature of a company?
Recently RBI has increased the upper limit of home loan amount by ____ % for the individual borrowers of Primary (Urban) Co-operative Banks (UCBs) and ...
Relevant for Exams:
