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Sources of Business Finance Test - 37

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Sources of Business Finance Test - 37
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Weekly Quiz Competition
  • Question 1
    1 / -0
    At present, Bank rate is per cent (Sept, 2014).
  • Question 2
    1 / -0
    Which one of the following is not a function of Commercial Banks?
  • Question 3
    1 / -0
    In the pre-reform period, the banking sector ____________.
    Solution
    In the pre-reform period(before- $$1991$$), the banking sector in India functioned in a highly regulated environment.
  • Question 4
    1 / -0
    Commercial Banks in India were nationalized in 1969 because _________.
    Solution
    All of the above were the reasons for the nationalization of commercial banks in India. As Indian banking system suffered from urban bias with regard to availability of banking services, the agriculture sector was neglected and there was a concentration of economic power.
  • Question 5
    1 / -0
    Commercial banks in India suffer from ____________.
    Solution
    Commercial banks in India suffer from many problems like regional imbalances, increasing overdues and lower efficiency.
  • Question 6
    1 / -0
    Identify the shortcomings of Commercial Banks.
  • Question 7
    1 / -0
    Which of the following is not a function of Commercial Banks?
    Solution
    The Reserve Bank has the sole right to issue currency notes, except one rupee notes which are issued by the Ministry of Finance. The RBI follows a minimum reserve system in the note issue. As a currency authority, the Reserve Bank provides different denominations of currency for facilitating the transactions of the Central and State Governments, and caters to the exchange and remittance needs of the public, banks as well as the government departments. Hence, correct answer is option B.
  • Question 8
    1 / -0
    Which of the following is not a function of commercial banks?
  • Question 9
    1 / -0
    Who can create credit?
  • Question 10
    1 / -0
    When commercial banks extend loan, it gives ________.
    Solution
    A commercial is that financial institution which  accepts deposit from people and offers loan for the purpose of consumption or investment. When commercial bank extend loan they provide direct loans and advances to the public with overdraft facility and the bank also provides discounts on bill of exchange. 
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