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Keep reserve so that people may withdrawn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
Currency is issued in India by
Commercial Banks
Regional Rural Banks
Nationalised Banks
Reserve Bank of India
What do you mean by Collateral.
Sum of money
An instrument in writing
It is the gurantee given by the lender to the borrower
None of these
Grameen bank founded by
Muhammad Hansari
Muhammed Yunus
Reguram Rajan
Amartya Sen
Which bank controls credit creation capacity of commercial bank?
SBI
Canara Bank
Post Office Saving Bank
Central Bank
When did Reserve Bank of India nationalised ?
1948
1950
1949
1957
Which of the following is NOT true regarding the inconvenience of Barter Exchange?
Lacks of double coincidence of want
Absence of divisibility
Difficulty in storing wealth
Availability of money as a medium of exchange
Interest rate
Collateral
Cheque
Mode of repayment
The issue of currency is undertaken on behalf of state by the
State bank of India
Federal Bank
When did Reserve Bank of India established ?
1935
1928
1947
