Informal
Formal
Both formal and informal
Neither formal nor informal
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
The second important function of commercial bank is
Agency function
Providing loan
Credit creation
Transfer of funds
Which of the following households constitutes the largest segment of borrowers in the formal sector of credit ?
Poor households
Rich households
Low income households
None of these
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Keep reserve so that people may withdrawn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
When two goods between two persons at a time are exchanged without the use of money , it is called
Credit
Loan
Barter system
Demand
It is a paper in instructing the bank to pay a specific amount from a person's account.
loan
demand deposit
cheque
currency
What is the name of the success story that met the credit needs of the poor, at reasonable rates, in Bangladesh?
Grameen Bank
Reserve Bank
Cooperative Bank
Commercial Bank
Interest rate
Collateral
Cheque
Mode of repayment
Who was the present governor of Reserve Bank of India?
Raghuram Rajan
Manmohan Singh
D. Subhara
Y.V. Reddy
