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How many benefits of economy
4
3
5
2
Which letter of credit is automatically renewed by fulfilling certain conditions
Fixed
Revolving
Confirmed
Documentary
What kind of power does commercial bank possess regarding credit creation
Limited power
All the above are possible
Unlimited power
No power
The commercial banks may be:
Scheduled
All of them
Non-scheduled
Foreign
Which of the following is a highly marketable security
Shares and debentures
All the above
Document of title to goods
Immovable property
Which of the following functions is performed by commercial bank
Issuance of currency notes
Preparation of monetary policy
Rediscounting of bills
Credit creation
The central bank works under the rules framed by:
People
Government
Different banks
All of the above
Who was the founder of commercial bank
Merchants
Goldsmiths
All of them
Money lenders
Which of the following cannot open account in a bank
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