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Commerce
Function Of Commercial Banks
Quiz 3
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Q.1
Credit money in the country is controlled by:
Commercial Bank
Agriculture Bank
Central Bank
All of the above
Q.2
Which of the following functions are performed by the commercial banks?
Issuance of currency notes
Rediscounting of bills
Preparation of monetary policy
Credit creation
Q.3
Commercial bank is a financial adviser of its _____________
State bank
Non Schedule Banks
Account Holder
other commercial banks
Q.4
When commercial banks give loan for a period 5 year toyear they are referred as____________.
Short term loan
Medium term loan
Long term loan
All of above
Q.5
Dematerialization account is useful to investors who deal in shares.
True
False
Q.6
___________ facility is available to the general public to enable them to keep there valuables such as shares, gold, silver ornaments etc.
Underwriting
Letter of credit
D-mat account
Safe deposit vault
Q.7
Functions of Commercial bank
Primary functions
Secondary functions
Agency functions
a and b
Q.8
There is no difference between primary deposit and secondary deposit of a commercial bank.
True
False
Q.9
ATM facility is a part of Primary functions.
True
False
Q.10
Facility through E-banking is provided through____________.
Telephone
T.V
Internet
Radio
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