When did Reserve Bank of India nationalised ?
1948
1950
1949
1957
Commercial banks are also able to transfer funds of a customer to other customer’s account through
Cheques
Draft
Credit card
All the above
When two goods between two persons at a time are exchanged without the use of money , it is called
Credit
Loan
Barter system
Demand
Grameen bank founded by
Muhammad Hansari
Muhammed Yunus
Reguram Rajan
Amartya Sen
Identify the formal source of credit.
Cooperative societies
Money lenders
Traders
Land lords
Which of the following can be considered as the modern form of money?
Currencies
All of the above
What are the modern forms of money?
Currency
Plastic money
Demand deposits
The issue of currency is undertaken on behalf of state by the
State bank of India
Reserve Bank of India
Canara Bank
Federal Bank
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
When did Reserve Bank of India established ?
1935
1928
1947