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Treasury bill means:
Promise of government to pay
Evidence of governments debt
Amount of government
None of the above
Scheduled bank keeps a certain amount of its deposits with central bank as
Reserve capital
Bank rate
Subscribed capital
Authorized capital
How many merits of scheduled bank
13
14
15
12
The name of the person is written on cheque as:
Drawee
Payee
None of these
Drawer
Endorsee of cheque is a person
In whose favour the rights of cheque are transferred
Who draws a cheque
Who receives the amount of cheque
On whom the cheque is drawn
Bills of exchange is
A promise to pay
An order to pay
A request to pay
All of the above
The letter of credit which can be endorsed to another person is called:
Special L.C
None of the above
Resolving L.C
Transferable L.C
Which things can be accepted by bank as security at the time of granting loan
Shares and debentures of company
All of them
Gold and silver
Property
Which is demanded by a bank at the time of opening new account
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