When two goods between two persons at a time are exchanged without the use of money , it is called
Credit
Loan
Barter system
Demand
The essential feature of _______ is that the buyer and seller have to agree to sell or buy each others commodities.
Money
Deposit
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Keep reserve so that people may withdrawn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
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
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 14 commercial banks were nationalized in the year
1969
1951
1949
1980
The second important function of commercial bank is
Agency function
Providing loan
Credit creation
Transfer of funds
___________ is the primary functions of commercial bank.
Providing loans
Accepting deposits
The Reserve Bank of India has been publishing data on ________ alternative measure of money supply.
Two
One
Three
Four
Separate the bank whose motive is not profit-making
Andhra bank
Canara bank
IOB
RBI
