Beginning and Evolution of Bank
What kind of business does a commercial bank do
Accepts deposits and advances loans
Issues currency notes
Re discounts the bills of exchange
All the above
All the above
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Which document does revel the internal affairs of a bankA. Memorandum of bank
B. Articles of bank
C. Certificate of incorporation
D. Prospectus
Which of the following banks accepts deposits and advances loans
A. Cooperative bank
B. Mortgage bank
C. Commercial bank
D. Central bank
According to sir john Paget,bank is an institution which
A. Accepts the deposita of general public
B. Honours the cheques
C. Advances loans
D. All the above
The banks under special ordinance are formed
A. By the president of any bank
B. By the president of world bank
C. By the president of a country
D. All the above
Money creative bank is
A. Central bank
B. Commercial bank
C. Consumer bank
D. Both a and b
The details in the memorandum of bank is recorded
A. In one paragraph
B. In separate paragraphs
C. On one page
D. All the above
Whose role is considered important in the beginning of cheque
A. Three
B. Merchants
C. Goldsmits
D. Money lenders
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