The form of account which is opened in foreign currency inst
The form of account which is opened in foreign currency instead of local currency:
Foreign Currency Account | |
Saving Account | |
Current Account | |
Fixed Deposit Account |
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For its customers a commercial bank sells and buys:
For its customers a commercial bank sells and buys:
all the above | |
property | |
foreign exchange | |
securites |
The commercial bank advances loan for meeting day-to-day req
The commercial bank advances loan for meeting day-to-day requirements:
short term loan | |
medium term loan | |
all the above | |
long term loan |
The account suitable for salaried and low income persons is:
The account suitable for salaried and low income persons is:
all the above | |
saving account | |
fixed deposit | |
current account |
The important (basic) kinds of accounts opened in commercail
The important (basic) kinds of accounts opened in commercail banks are:
two | |
three | |
countless | |
four |
What kind of powers does commercial bank possess regarding c
What kind of powers does commercial bank possess regarding credit creation:
all the above are possible | |
no powers | |
limited powers | |
unlimited powers |
Facility of overdraft is provided only to:
Facility of overdraft is provided only to:
account holder | |
debenture holder | |
share holder | |
all of these |
The primary objective of Commercial Bank is:
The primary objective of Commercial Bank is:
profit | |
advancing loans | |
public welfare | |
all these |
Commercial Bank is called:
Commercial Bank is called:
custodian of foreign exchange | |
bank of public | |
Bankers of government | |
bankers bank |
The loans demanded at any time are called:
The loans demanded at any time are called:
short term loan | |
short term loan | |
short term loan | |
short term loan |
Commercial Bank creates money:
Commercial Bank creates money:
metallic money | |
all of these | |
credit money | |
paper money |
A commercial bank keeps a certain amount of money as reserve
A commercial bank keeps a certain amount of money as reserve for:
meeting customer's needs | |
expansion of business | |
issuing loans | |
investment purposes |
Commercial Bank is the financial adviser for:
Commercial Bank is the financial adviser for:
Account holders | |
Local Government | |
Financial institutions | |
Government |
The Commercial Banks may be:
The Commercial Banks may be:
scheduled | |
foreign | |
all of these | |
non-scheduled |
A commercial bank keeps less cash reserve if:
A commercial bank keeps less cash reserve if:
cheque is used in most of the transactions | |
all the above | |
rediscounting facility is available | |
clearing house facility is available |
Commercial Banks create money:
Commercial Banks create money:
metal | |
paper | |
credit | |
all of these |
The primary function of Commercial Bank:
The primary function of Commercial Bank:
Advancing loans | |
None of these | |
Both A & B | |
Accepting deposits |
It is necessary for a good banking system:
It is necessary for a good banking system:
discounts on loans | |
professional staff | |
public intervention | |
stable government |
The detail in the Memorandum of bank is recorded:
The detail in the Memorandum of bank is recorded:
on one page | |
in separate paragraphs | |
all the above | |
in one paragraph |
The temples were also used as banks in:
The temples were also used as banks in:
Italy | |
China | |
Rome | |
Greece |