Usance bills or promissory notes drawn out of India are required to be stamped by

Related MCQs

• Which type of securities are held by Reserve Bank of India before issuance of currency notes ?
• The rate of which discounting the bills of first class banks is done by RBI is called
• Which kind of bills should not be discounted by banks as per RBIregulation?
• Loan documents executed out of India must be presented for registration within……….of its arrival in India.
• …………..is always drawn on a specified banker.
• ……….is a place where inter bank claims arising on account of cheques received for collection by each bank drawn against other banks are settled.
• Under Section 17 of the Banking Regulation Act 1949, every banking company incorporated in India is required to transfer each year to a reserve fund a sum equivalent to not less than
• To be categorized as a schedule Bank the minimum capital & reserve required is
• As per Basel-I ………..capital can absorb losses without a bank being required to cease trading.
• ………….. banks are those banks which are incorporated outside India and their head office are also situated outside India.