Choose the correct options regarding banking:
(A) Chain banking indicates the form of bank cartel that occurs when a small group of people control atleast three banks that are independently chartered.
(B) PAN number is required for deposits in a commercial bank for Rs. 50,000 and above.
(C) Upon detection of counterfeit notes at the counter, the bank can impound the note and issue receipt.
(D) The interest rates on bank's contribution to Rural Infrastructure Development Fund is fixed by NABARD.
(E) RBI Act. 1934 allows the making or issuing of a promissory note expressed to be payable to the bearers thereof.
Choose the most appropriate answer from the options given below:
1
(B), (D), (E) only
2
(B), (C) only
3
(A), (D), (E) only
4
(A), (B), (C)