RBI will act as the banker to the ___________

(a)

Private concern

(b)

Society

(c)

Government of India

(d)

Both 'a' and 'b'

A large number of central banks were established between______

(a)

1911 - 1940

(b)

1921 - 1954

(c)

1940 - 1960

(d)

1933 - 1954

Banks issue traveler's cheques to_______

(a)

Group of people

(b)

Family

(c)

Individual

(d)

Couple

Credit creation means the________

(a)

Multiplication of loans and advances

(b)

Money supply

(c)

Letter of credit

(d)

All the above

"Commercial banks are the institutions that make short term loans to business and in the process create money" was said by_______

(a)

Culbertson

(b)

Adam smith

(c)

Ricardo

(d)

J.M. Keynes

Finance is the life blood of all economic activities such as________

(a)

trade

(b)

commerce

(c)

agriculture

(d)

all the above

The modern banks create deposits in ________ways

(a)

1

(b)

2

(c)

3

(d)

4

Primary deposits are also called as ________.

(a)

passive deposits

(b)

fixed deposit

(c)

time deposit

(d)

both 'a' and 'b'

The minimum amount for RTGS transfer is __________.

(a)

2 lakhs

(b)

2.5 lakhs

(c)

3 lakhs

(d)

4 lakhs

ATM's transformed the bank tech system when they were first introduced in _________

(a)

1960

(b)

1966

(c)

1963

(d)

1967

________is a Financial Institution

(a)

Bank

(b)

Service Institution

(c)

Industry

(d)

School

_________ Bank is an institutions that provides accepting deposits and providing loans to the public.

(a)

RBI

(b)

Commercial

(c)

(a) and (b)

(d)

Financial Institution

__________refers to bank loans and advances

(a)

Credit creation

(b)

Exchange rate

(c)

Bank credit

(d)

Bank debit

_______means multiplication of loans and advances.

(a)

Exchange rate

(b)

Bank rate

(c)

Bank credit

(d)

Credit creation

__________does not have banking licence

(a)

SBI

(b)

RRB

(c)

NBFI

(d)

NABARD