Q.1. In that sort of account, banks in all don’t compensate interest—
(A) Saving Account
(B) Current Account
(C) Fixed Deposit Account
(D) Interest is regularly upon credit in all sorts of account
Q.2. A bank station sequence would be befitting for paying—
(A) Telephone accounts
(B) Electricity accounts
(C) Grocery bills
(D) Mortgage repayments
Q.3. Payment of a coupon cannot be done upon a income opposite of bank if a coupon is—
(A) Bearer
(B) Cross
(C) Order
(D) All of these
Q.4. Which of a following is not Commercial Bank ?
(A) Reserve Bank of India
(B) State Bank of India
(C) Canra Bank
(D) Oriental Bank of Commerce
Q.5. What is a Bank breeze ?
(A) Letter from a Bank
(B) Cheque that a bank draws upon itself
(C) Instraction to a landowner to pick up a customer’s debt
(D) Instruction not to honour a stop payment
Q.6. The necessary evil of whatever serves as income is that it must—
(A) Be released by a State
(B) Be in all acceptable
(C) Not be unconditionally fiduciary
(D) Have a little instrinsic value
Q.7. One of a following is not an e.g. of Near-Money, that ?
(A) Bill of Exchange
(B) Bonds as well as Debentures
(C) Equity shares of Ranbaxy Company Ltd.
(D) Treasury bills of a Government of India
Q.8. ‘Fiat Money’ is that that is—
(A) Accepted by abroad banks only
(B) Accepted during a moment in lieu of gold
(C) Backed by bullion or silver
(D) Decreed as income by a government
Q.9. Money is—
(A) Acceptable usually when it has unique value
(B) Constant in purchasing power
(C) The many glass of all assets
(D) All of a above
Q.10. Greshan’s law states that—
(A) Bad income promotes great income in a system
(B) Bad income drives great income out of circulation
(C) Good income drives bad income out of circulation
(D) Good income promotes bad income in a system
Q.11. Value of Money—
(A) Is eccentric of a cost level
(B) Is without delay associated to a cost level