Question # 1

A form of written agreement between the customer and his bank is.

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Cheque book

Bank Statement

A/c opening form

Pass book

Two transverse parallel lines on the face of cheque.

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Crossingof cheque

Dishnoring of cheque

Endorsed of cheque

Retirementof cheque

A bill which can be rediscounted from central bank

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Sight bill

Time bill

Both a and b

None of these

Money market deals in

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Promissory note

Bills of exchange

Marketable securities

All the above

The primary objective of a central bank is to

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Earn profit

Advance loans to traders

Safeguard the national interest

All of the above

The main uses of bank funds are.

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Cash reserve

Granting loan

Issuing shares

None of these

Credit Card, ATM card and Debit Card are.

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Metallic money

Paper Money

Plastic Money

Bank Money

When was the "Reserve Bank of India" established:

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1925

1935

1940

1945

Which is the Primary functionof a commercial bank.

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Issue Notes

Accepting Deposits

Credit creation

None of these

IDB was opened on

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Oct. 1973

Oct. 1975

Oct. 1977

None of these

Letter of credit state a limit of.

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Credit

Time period

Bank

None of these

The payment of draft is made on.

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Sight

Demand

By psot

Phone call

The loans obtained for meeting the administrative expenses and purchase of raw material are:

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Short term loans

Medium Term lonas

Long Term lonas

All of the above

Bank is bound to honour the cheque of customer if:

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Required amount is available in amount

Cheque is according to rules of conduct

There is no restriction by government

All of the above

Termination of banker relatinship by the customer due to.

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Change of place

Death of customer

Poor services

All of these

IOU is a document

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Negotiable

Non-negotiable

Conditional negotiable

Unconditional negotiable

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