| 1 |
Pay Order is issued by the bank when the debtor and creditor belongs to. |
- A. Two different cities
- B. With in same city
- C. Two different counties
- D. All these
|
| 2 |
Commercial bank can be |
- A. Scheduled
- B. Foreign
- C. Non Sheduled
- D. All these
|
| 3 |
Increase in ratio of cash reserve of scheduled banks. |
- A. Increase of credit creation
- B. Stop credit creation
- C. Decreased in credit creation
- D. None of these
|
| 4 |
The current account nd saving account is also called |
- A. Sight deposits
- B. Chequing account
- C. Demand deposits
- D. All of these
|
| 5 |
To make regular payments of a fixed amount to a stated A/c |
- A. Direct Debit
- B. Standing order
- C. Inter bank transfer
- D. All of these
|
| 6 |
Bank draft is issued by the bank when the debtor and creditor belngs to. |
- A. To differnet citiies/Country
- B. With in same city
- C. Two different families
- D. All these
|
| 7 |
Over draft facility is only provided on: |
- A. Current account
- B. Fixed deposit
- C. Saving account
- D. All of the above
|
| 8 |
The amount in fixed deposit can be |
- A. Deposited many times
- B. Deposited only once
- C. Withdrawn many times
- D. None of the above
|
| 9 |
Polymer Currency includes |
- A. Debit card
- B. ATM card
- C. Credit card
- D. All of these
|
| 10 |
Formula for calculating total credit creation: |
- A. New deposit x 1/Reserve ratio
- B. New deposit x Reserve ratio/1
- C. Reserve ratio x 1/New deposit
- D. None of the above
|