Prelims Daily Quiz with explanations -March 7 2017
PRELIMS DAILY QUIZ WITH EXPLANATIONS. CLICK HERE TO SEE PREVIOUS DATES ARCHIVE click here for DAILY CURRENT AFFAIRS NOTES 1.Consider the following statements SBI reintroduced penalty on non-maintenance of minimum balance in accounts. In case of failing to maintain Monthly Average Balance (MAB) in saving accounts, penalty of up to Rs. 100 plus service tax would be levied. The penalty amount will be used by the bank to cover expenses such as running operations and systems for its 250 million savings accounts. which among are correct? A. 1 & 2 only B.1 and 3 only C.2 and 3 only D.All The above [shc_shortcode class="shc_mybox"]Option D Explanation :The country’s largest lender State Bank of India (SBI) has decided to reintroduce penalty on non-maintenance of minimum balance in accounts to be effective from April 1, 2017. In case of failing to maintain Monthly Average Balance (MAB) in saving…