Bissoy.com
Doctors Medicines MCQs Q&A

India’s largest lender State Bank of India (SBI) has reduced the cash withdrawals limits on its Classic and Maestro debit cards from Rs 40,000 to Rs 20,000 per day with immediate effect from October 31. Which of the following is the reason for the statement? I: State Bank of India reduced the cash withdrawal limits to make the people apply for higher card variant. II: The cash withdrawal limit was lowered to prevent fraudulent transactions.

India’s largest lender State Bank of India (SBI) has reduced the cash withdrawals limits on its Classic and Maestro debit cards from Rs 40,000 to Rs 20,000 per day with immediate effect from October 31. Which of the following is the reason for the statement? I: State Bank of India reduced the cash withdrawal limits to make the people apply for higher card variant. II: The cash withdrawal limit was lowered to prevent fraudulent transactions. Correct Answer Only II

Only II follow. The bank lowered the cash withdrawal limit to prevent fraudulent transactions but not to make the people apply for higher card variant. Hence, option 1 is the solution.

Related Questions

Smitha's collection of 113 greeting cards include a mix of birthday cards, new year cards, Diwali cards, Christmas cards, and a marriage anniversary card. The number of birthday cards is equal to the sum of all the others except the marriage anniversary card. The number of new year's cards is double the number of Diwali cards. Which in turn is double the number of Christmas cards. Then the ratio of the birthday cards to the Christmas cards in her collection is
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested course of action logically follow (s) for pursuing. Statement: The State Bank of India (SBI) last Friday redeemed at least Rs 15,000 crore of mutual fund investments, which also put pressure on asset managers to sell their holdings in the secondary market.While the purpose of the SBI redemptions is not clear, some market participants linked the timing of the sale to a planned accumulation of cash that could be subsequently used to fund either equity or debt at the struggling financier, IL&FS. Courses of action: I. Fund managers are keen to understand where SBI would deploy the redeemed cash, and the role of such investments in stabilising the rattled debt market that is negotiating the first northward movement in the interest-rate cycle since the current administration took office.  II. The SBI chairman reiterated the lender’s continued support toward NBFCs, while the central bank, too, stepped in to assure the roiled markets of liquidity injection in an emergency.  III. SBI lends support to NBFCs in private and public sector within the regulatory policy framework and will continue to do so.
The table shows the annual expenses on various heads made by a firm during 2014 - 2018. What is the average expenditure per head of 2016? Year Particulars Raw Materials Wages Administration Delivery Finance 2014 50000 15000 40000 20000 20000 2015 90000 20000 40000 25000 25000 2016 45000 22500 47500 25000 25000 2017 60000 20000 40000 25000 40000 2018 7500 25000 50000 30000 45000
Re-arrange the following sentences into a meaningful paragraph. (A) comes into effect from today. The bank's savings account rate was 3.5 per cent during March 2003 to May 2011 for all savings bank account customers (B) The bank's decision comes two days ahead of RBI's monetary policy meet and is likely to trigger (C) with deposits of above Rs 1 crore, it said in a statement. The two-tier savings bank account interest rate (D) to 3.5 per cent, lowest in six years, a decision that will impact 90 per cent of its customers (E) The country's largest lender however will continue to pay 4 per cent interest on savings bank accounts (F) SBI today cut interest rate on savings bank account deposits up to Rs 1 crore by 0.5 per cent (G) rate war among peers. SBI's savings bank account base is of around Rs 9 lakh crore.
There are two boxes. Box I contains one white card and two black cards and Box II contains one white card and a black card. Two persons P and Q play a game. P picks a card randomly from Box I. If P finds the white card, P wins and the game stops. If P finds the black card, Q draws a card randomly from Box II. If Q finds the white card Q wins. The game stops whether Q draws the white card or P draws the white card. Which one of the following is correct?
A pack of the card contains some Black cards, Red cards and Blue cards such that the probability of picking a Black card is 2/7 and the probability of picking a Red card is 1/2. If all the cards are numbered starting from 1, 2, 3, …. and so on, then what is the probability of getting one card numbered as multiple of 3 or 7 out of the total cards.
A, B, C, D and E play a game of cards. A says to B, "If you give me three cards, you will have as many as E has and if I give you three cards, you will have as many as D has". A and B together have 10 cards more than what D and E together have. If B has two cards more than what C has and the total number of cards be 133, how many cards does B have?
A, B, C, D and E play a game of cards. A says to B, "If you give me three cards, you will have as many as E has and if I give you three cards, you will have as many as D has." A and B together have 10 cards more than what D and E together have. If B has two cards more than what C has and the total number of cards be 133, how many cards does B have ?
A, B, C, D and E play a game of cards. A says to B, "If you give me 3 cards, you will have as many as I have at this moment while if D takes 5 cards from you, he will have as many as E has." A and C together have twice as many cards as E has. B and D together also have the same number of cards as A and C taken together. If together they have 150 cards, how many cards has C got ?
Eight friends— A, B, C, D, E, F, G and H are sitting around a circular table facing the centre. Each one of them likes different brands of television—Onida, Sony, Samsung, Micromax, TCL, LG, Toshiba and Sansui, but not necessarily in the same order. A sits third to the right of the person who likes Sansui. A does not like Samsung. E is not an immediate neighbour of H. C sits on the immediate right of the person who likes Samsung.                                     Neither A nor H likes TCL or a Sony. The person who likes TCL is not an immediate neighbour of the person who likes Sansui. The person who likes Onida sits second to the left of E. The person who likes Onida is an immediate neighbour of the both persons who like LG and Toshiba. Person who likes Toshiba sits third to the right of B. B does not like TCL. F is not an immediate neighbour of A. G is not an immediate neighbour of the person who likes Onida. Only two people sit between the person who likes Toshiba and H. The persons who like TCL and the Sony are immediate neighbours of each other. Which of the following brands of television is liked by H?