Q.1.
The primary function of a bank. It is the lifeline of the bank.
Q.2.
Under this, only 2 transactions are allowed
Q.3.
What is trust ? Choose the best answer.
Q.4.
The person who buys the cheque.
Q.5.
A person to whom the cheque is handed over in exchange for goods and services.
Q.6.
The Bank or any other party that sells the cheque.
Q.7.
Funds are transferred by means of?
Q.8.
An amount of money offered by a bank to a borrower at a defined interest rate for a fixed period.
Q.9.
A form of financing that allows the current account holders to overdraw the account up to a specified limit.
Q.10.
Choose an answer does not belong to the group
Q.11.
This kind of letter allows a customer to make any number of draws within a certain limit during a specific time period.
Q.12.
This letter will guarantee that issuing banks will honor drafts made at certain foreign banks.
Q.13.
Choose the Public sector bank
Q.14.
Choose the private sector banks
Q.15.
Is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount.
Q.16.
It is under the Secondary Functions:
Q.17.
A type of institution that offers basic financial products.
Q.18.
Refers to a type of commercial banks that are nationalized by the government of a country.
Q.19.
Refers to commercial banks that are headquartered in a foreign country, but operate branches in different countries.
Q.20.
Refers to kind of deposits that can be easily withdrawn by individuals without any prior notice to the bank.