Under the Reserve Bank of India (Certificate of Deposit) Directions, 2021, bank certificates of deposit…
Rs. 5 lakh is the minimum denomination for bank certificates of deposit under the Reserve Bank of India (Certificate of Deposit) Directions, 2021. Further amounts must be in…
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Under the Reserve Bank of India (Certificate of Deposit) Directions, 2021, bank certificates of deposit are issued in a minimum denomination of __________ and in multiples of that amount thereafter.
Answer and explanation
Correct answer A
Rs. 5 lakh is the minimum denomination for bank certificates of deposit under the Reserve Bank of India (Certificate of Deposit) Directions, 2021. Further amounts must be in multiples of Rs. 5 lakh.
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Tamil Nadu SET (TNSET)