Question # 1

Purchasing power theory of foreign exchange was given by.

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Hartly

Gustav Cassel

D .Cock

None of these

The draft whihc is drawn and paid intwo different countries.

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Inland draft

Ordered draft

Foreign draft

Home draft

Central bank is owned by

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Public

Government

Commercial baks

All of the above

The first central bank of indo-Pak

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Bank of Calcutta

Imperial bank

Reserve bank of India

None of the above

The bills of exchange which is paid after the expiry of fixed period of time called

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Accommodation bill

Sight bill

Time bill

All of the above

Which is the secondary function of a commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

all of these

Which of the following is the valid method of making payment.

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Credit card

pay order

Bank Draft

All of these

Two transverse parallel lines on the face of cheque.

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Crossingof cheque

Dishnoring of cheque

Endorsed of cheque

Retirementof cheque

What percentage of total assets a scheduled bank is bound to keep within the country

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60%

70%

80%

90%

Part of cash of scheduled banks kept by centrla bank as per law is called.

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Specific reserves

Satutory reserves

Gneral Reserves

All the above

Which is teh secondary function of commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

All of these

The slip which is used to deposit money into bank account.

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Deposit slip

Pay in slip

Credit voucher

All these

The main sources of bank's fund are

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Own capital

Deposits

Loan from other banks

All the above

Which bank does accept the deposits from public

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Commercial bank

Central bank

Foreign exchange bank

All the above

In financial crises, the central bank issues loan to

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Non-scheduled bank

Foreign bank

Scheduled bank

All the above

Who can issue participation term certificates

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Firm

Company

Cooperative society

All the above

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