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      Question

      RBI imposed a fine of 40 lakhs on ____ for flouting

      fake currency norms.
      A ICICI Correct Answer Incorrect Answer
      B Indian Oveseas Bank Correct Answer Incorrect Answer
      C SBI Correct Answer Incorrect Answer
      D AXIS bank Correct Answer Incorrect Answer
      E Paytm Correct Answer Incorrect Answer

      Solution

      Ans- C , The Reserve Bank has slapped a penalty of Rs 40 lakh on SBI for not complying with its directions on detection and impounding of counterfeit notes.

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