Worksheetsmoney and credit
Total questions: 10
Worksheet time: 5mins
What is Statutory Liquidity Reserve?
Statutory Liquidity Reserve is a certain percentage of the total deposits that must be kept with the commercial bank.
Statutory Liquidity Reserve is a certain percentage of the total bank deposits must be kept with the Central Bank of the country (RBI)
What percentage of deposits are kept as cash by the commercial banks in India?
25%
20%
15%
10%
Banks provide a higher rate of interest on which of the following accounts?
Saving account
Fixed account for long period of time
Current account
Fixed account for short period of time
1.Which among the following bank issues currency on behalf of central government of India?
1.RBI
2.SBI
3.Bank of India
4.Central Bank of India
Which one of the following statements is most appropriate regarding transaction made in money?
it is the easiest way
it is safest way
it is the cheapest way
it promotes trade
Which among the following banks issues currency notes on behalf of the Central Government in India?
(a) RBI
(b) State Bank of India
(c) Bank of India
(d) Central Bank of India
Which among the following banks issues currency notes on behalf of the Central Government in India?
(a) RBI
(b) State Bank of India
(c) Bank of India
(d) Central Bank of India
Both parties, the seller and the buyer have to agree to sell and buy each other commodities.
Barter system
Double coincidence of wants
Terms of credit
Collateral
