Commercial Banks
Why commercial banks keep a certain amount of money as reserve
Expanding the banking business
Meeting the requirements of customers
Acquiring the satisfaction of having cash
Meeting the requirements of central bank
Meeting the requirements of customers
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The kind of loan according to issueA. All of the above
B. Discounting of bill
C. Mortgage loan
D. Cash credit
The loan which can be demanded by bank by bank at anytime
A. Demand loans
B. Bills of exchange
C. Overdraft
D. All the above
Current account is suitable for
A. Salaried persons
B. Business community
C. None of the above
D. Capitalists
Commercial bank creates the following money
A. Metallic
B. Credit
C. All the above
D. Paper
The amount in fixed deposit can be
A. None of the above
B. Deposited many times
C. Deposited only once
D. Withdrawn many times
The important basic kinds of accounts opened in commercial banks are
A. Three
B. Countless
C. Four
D. Two
Overdraft facility is only provided on
A. Saving account
B. Current account
C. Fixed account
D. All the above
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