The second important function of commercial bank is
Agency function
Providing loan
Credit creation
Transfer of funds
Currency is issued in India by
Commercial Banks
Regional rural Banks
Nationalised Banks
Reserve Bank of India
The 14 commercial banks were nationalized in the year
1969
1951
1949
1980
___________ is the primary functions of commercial bank.
Providing loans
Accepting deposits
The essential feature of _______ is that the buyer and seller have to agree to sell or buy each others commodities.
Money
Demand
Deposit
Barter system
The Reserve Bank of India has been publishing data on ________ alternative measure of money supply.
Two
One
Three
Four
Which bank controls credit creation capacity of commercial bank?
SBI
Canara Bank
Post Office Saving Bank
Central Bank
Banks use the major portion of the deposit to
Keep reserve so that people may withdrawn
Meet their routine expenses
Extend loans
Meet renovations of the bank
Commercial banks are also able to transfer funds of a customer to other customer’s account through
Cheques
Draft
Credit card
All the above
Minimum reserve system relates
Method of note issue
Commercial banks keep certain portion of their deposits with the RBI
Commercial banks should keep certain portions of their deposits in cash
Customers are compelled to keep certain minimum balance with their deposits
