Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.19)

19. 

What is the maximum amount that an account holder of Punjab and Maharashtra Co-operative Bank Limited (PMC) can withdraw after prohibition on business transaction from RBI?

[A]. 10000
[B]. 5000
[C]. 3000
[D]. 1000

Answer: Option D

Explanation:

On September 23, 2019, The country's central bank, Reserve Bank of India (RBI) has prohibited Punjab and Maharashtra Co-operative Bank Limited (PMC) on business transactions of any kind for the next 6 months following the detection of alleged irregularities.

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