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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