Question # 1

Which of the following is a valid method of receiving payment from debtors.

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Debit card

Credit card

ATM card

Cash

Which of the following is meant for presenting a summary and balance of accounts of bank customers

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Bank statement

Balance sheet

Pass book

Prospectus

A commercial bank keeps less cash reserve if:

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Cheque is used in most of the transactions

Cheque house facilty is available

Rediscounting facility is available

All of the above

The amount in fixed deposit can be

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Deposited many times

Deposited only once

Withdrawn many times

None of the above

Credit card payments are considered.

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Cash payments

Credit payments

Both these

None of these

Because of high reserve ratio the credit creation power.

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Constant

Increases

Decreases

Zero

Which bank does discount the bills of public

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Commercial bank

Agricultural bank

Industrial bank

All of the above

The primary function of commercial bank are

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Accepting deposits

Advancing loans

Both a and b

None of these

Which of the followig is not an example of Plastic money.

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Debit card

ATM card

Credit card

Currency notes

Bank draft is issued by the bank when the debtor and creditor belngs to.

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To differnet citiies/Country

With in same city

Two different families

All these

If a credit is lost, what shuld the holder do.

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Report to employer

report to bank

Reort to insurance co.

All the above

Pay Order is issued by the bank when the debtor and creditor belongs to.

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Two different cities

With in same city

Two different counties

All these

Which one is not the feature of good Banking system.

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Economic development

Inflation

Larger Capital

TYrust of public

To make regular payments of a fixed amount to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

All of these

Commercial bank can be regarded by nature as

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Depository bank

Central bank

Investment bank

None of the above

Commercial bank creates the following Money

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Metallic

Credit

Paper

All the above

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