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31. |
If a person is interested that his amount should be readily available as soon as he needs he should deposit his money in: |
A. |
Demand deposit |
B. |
Time deposit |
C. |
Saving account |
D. |
Profit-loss account |
Answer: Option A
Explanation:
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32. |
Which type of card is not issued by commercial banks: |
A. |
Credit card |
B. |
Debit card |
C. |
ATM card |
D. |
Green card |
Answer: Option D
Explanation:
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33. |
Which type of card is not issued by central banks: |
A. |
Credit card |
B. |
Debit card |
C. |
ATM card |
D. |
None is issued y it |
Answer: Option D
Explanation:
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34. |
Market rate of interest is: |
A. |
Always higher than discount rate |
B. |
Always lower than discount rate |
C. |
Both are equal |
D. |
May be higher or lower than discount rate |
Answer: Option A
Explanation:
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35. |
Most important source of income of commercial banks is: |
A. |
Interest charged on loans |
B. |
Profit erned on investments |
C. |
Income from collecting utility bills |
D. |
Income from reserves at central bank |
Answer: Option A
Explanation:
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36. |
Select the true statement: |
A. |
The central bank charges high interest rate on loans to commercial banks |
B. |
The central bank does not charge interest on loans to banks |
C. |
The central bank does not advance loans to commercial banks |
D. |
None is true |
Answer: Option D
Explanation:
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37. |
If you borrow from a bank the amount which the bank charges is called: |
A. |
Bank rate |
B. |
Discount rate |
C. |
Interest rate |
D. |
Borrowing rate |
Answer: Option C
Explanation:
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38. |
The rate charged by a central bank on loans is called: |
A. |
Market rate |
B. |
Discount rate |
C. |
Lending rate |
D. |
Tax rate |
Answer: Option B
Explanation:
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39. |
Changes in discount rate are brought about by State Bank to: |
A. |
Control inflation |
B. |
Increase investment activity |
C. |
Increase earnings of the bank |
D. |
(a) and (b) of above |
Answer: Option D
Explanation:
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40. |
Short term loans can be obtained in: |
A. |
Stock market |
B. |
Money market |
C. |
Capital market |
D. |
All the markets |
Answer: Option B
Explanation:
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