Beginning and Evolution of Bank
According to sir john Paget,bank is an institution which
Accepts the deposita of general public
Honours the cheques
Advances loans
All the above
Honours the cheques
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What kind of business does a commercial bank doA. Accepts deposits and advances loans
B. Issues currency notes
C. Re discounts the bills of exchange
D. All the above
Which document does revel the internal affairs of a bank
A. 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
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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