ibps-csa 2014 · Question 83 of 196

According to which of the following acts, a fixed deposit in a bank should not be paid in cash if it is Rs. 20000 and above?

Banking Awareness

AWealth Tax ActCorrect
BRBI Act
CIncome Tax Act
DBanking Regulation Act
ENegotiation Instruments Act

Answer: A. Wealth Tax Act

Official answer key verified. Detailed explanation coming soon.

Source: IBPS Clerk CWE paper held 14-12-2014 — solved-paper book excerpt (CollegeDunia) with publisher answer key; sections cross-verified against BankingAdda / FreshersNow / CollegeDekho 14-12-2014 papers · memory-based

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