Which of the following is not a bill of exchange? [A]Cheque [B]Hundi [C]Inland bills [D]Demand Draft Show Answer Demand DraftThe bill of exchange is an unconditional order issued...
How many parties are involved in a bill of exchange? [A]Two [B]Three [C]Four [D]Five Show Answer three The bill of exchange is a three-party negotiable instrument that contains...
If an account holder withdraws more money from a bank account than has been deposited in it, then it is called __: [A]Cash credit [B]Advance [C]Overdraft [D]Demand Draft...
The difference between the rate at which the interest is paid on deposits and is charged on loans is called? [A]Spread [B]Advance [C]Cash credit [D]None of the above...
Which is the first private bank in India? [A]Bank of Rajasthan Ltd. [B]IndusInd Bank [C]Axis Bank [D]INGVysya Bank Show Answer IndusInd Bank The IndusInd Bank was the first...
Non-scheduled banks are defined in which of the following acts? [A]Banking Regulation Act, 1949 [B]RBI Act 1934 [C]Banking Companies Act, 1949 [D]None of the above Show Answer Banking...
Which of the following is not the quantitative tool of the Reserve Bank of India (RBI)? [A]OMO [B]Reserve ratios [C]Rationing of credit [D]Statutory Pre-emptions Show Answer Rationing of...
Under minimum reserve system, how much amount Reserve Bank of India (RBI) was required to keep in gold and foreign exchange reserves? [A]Rs.200 crore [B]Rs.220 crore [C]Rs.222 crore...
Under which section of the Reserve Bank of India (RBI) Act 1934, the RBI has the sole right to issue bank notes of all denominations? [A]Section 24 of...
The apex institution in India for financing agricultural and rural sector is __? [A]Small Industries Development Bank of India (SIDBI) [B]Reserve Bank of India (RBI) [C]National Bank for...
