Question # 1

Exchange banks are commonly known as.

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Foreign bank

Central bank

Consortium Bank

None of these

While deposting money in your a/c you must use.

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Pay in slip

Deposit slip

Credit voucher

All of 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

The higer the cash reserve ratio.

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Credit creation zero

Credit creation constant

Higher the credit creation

Lower the credit creation

The amount (capital) recieved by bank after issuing shares is called:

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Reserve capital

Paid up capital

Autherized capital

Issued capital

The relation ship between Cash Reserve and credit creation is.

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No relationship

Direct

Inverse

One way

Which bank does keep the precious articles of public into its custody

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Central bank

Industrial bank

Commercial bank

None of these

For more credit creation a bank must have.

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More demand deposits

More fixed deposits

More time deposited

All of these

The current account nd saving account is also called

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Sight deposits

Chequing account

Demand deposits

All of these

Credit card payments are considered.

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Cash payments

Credit payments

Both these

None of these

Commercial bank is called:

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Banker's bank

Bank of public

Custodian of foreign exchange

Banker to the Government

The important (basic) kinds of accounts opened in commercial banks are:

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Two

Three

Four

countless

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

Because of low Reserve Ratio the credit creation power.

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Increases

Decreases

Constant

Zero

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 is the secondary function of a commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

all of these

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