What do you mean by a Clearing House?
A. Collection centre for cheques and demand drafts
B. Pooling centre for excess currencies received from the branches
C. Collection centre for collection of tax and other receipts
D. collection centre for issuing debit and credit cards to customers
Answer: Option A
Related Questions on Banking Awareness miscellaneous
A. Bombay Stock Exchange
B. Delhi Stock Exchange
C. Calcutta Stock Exchange
D. Bangalore Stock Exchange
Which of the following is not a function of General Insurance?
A. Cattle Insurance
B. Crop Insurance
C. Fire Insurance
D. Medical Insurance
Liability- side of the balance-sheet comprises:
A. Capital and reserve
B. Long-term liabilities
C. Current liabilities
D. All of the above
Join The Discussion