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Keep reserve so that people may withdrawn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
The Reserve Bank of India has been publishing data on ________ alternative measure of money supply.
Two
One
Three
Four
Find out the primary function of money
Store of value
Measures units value of goods & services
Transfer of value
Standard for deferred payment
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
When two goods between two persons at a time are exchanged without the use of money , it is called
Credit
Loan
Barter system
Demand
Liquidity is the ___________ functions of money.
Primary
Main
Secondary
Contingent
The first bank in India was established in
1770
1806
1801
1782
The second important function of commercial bank is
Agency function
Providing loan
Credit creation
Transfer of funds
