Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques

Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques
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Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Description : Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Last Answer : (4) cheques Explanation: There are two types of money in a fractional-reserve banking system, currency originally issued by the central bank, and hank deposits at commercial banks: (1) ... created in the banking system through borrowing and lending) - sometimes referred to as chequebook money.

"Legal Tender Money" refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Description : "Legal Tender Money" refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Last Answer : (4) Currency notes Explanation: Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common ... tender in many countries. Legal tender money is a type of payment that is protected by law.

“Legal Tender Money” refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Description : “Legal Tender Money” refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Last Answer : Currency notes

Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Description : Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Last Answer : d) Both b and c

Insurance is compulsory, if the article contains a) Gold coins or bullion, currency notes & any other valuable articles b) VP articles below the value of Rs 600/- c) Containing lorry receipts d) All parcels exceeding 4 KG in weight

Description : Insurance is compulsory, if the article contains a) Gold coins or bullion, currency notes & any other valuable articles b) VP articles below the value of Rs 600/- c) Containing lorry receipts d) All parcels exceeding 4 KG in weight

Last Answer : a) Gold coins or bullion, currency notes & any other valuable articles

The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : (4) an overdraft Explanation: Overdrafts is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the ... available balance goes below zero. In this situation the account is said to be "overdrawn."

The bank cheques are processed by using - (1) OCR (2) MICR (3) OMR (4) PMR

Description : The bank cheques are processed by using - (1) OCR (2) MICR (3) OMR (4) PMR

Last Answer : (2) MICR Explanation: Magnetic Ink Character Recognition, or MICR, is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques and makes up the ... are printed in special typefaces with a magnetic ink or toner, usually containing iron oxide.

The bank cheques are processed by using (1) OCR (2) MICR (3) OMR (4) PMR

Description : The bank cheques are processed by using (1) OCR (2) MICR (3) OMR (4) PMR 

Last Answer : MICR

The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : an overdraft

Which of the following is a form of money that has an intrinsic value, like gold coins? A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Description : Which of the following is a form of money that has an intrinsic value, like gold coins? A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Last Answer : A. Commodity Money Explanation: Commodity Money is a form of currency in which the value of the currency comes from the material of which it is made.

Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Description : Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Last Answer : (3) Cheque Explanation: On the basis of acceptability, money has been classified into legal tender and optional money. Legal tender money is enforced by law. Optional money is that money which may ... Different credit instruments, like, cheques, bank drafts, etc., are the examples of optional money.

Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Description : Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Last Answer : Cheque

Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Description : Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Last Answer : (1) decrease in the internal value of money Explanation: Devaluation refers to a decline in the value of a currency in relation to another, usually brought about by the actions of a central bank ... with developing countries that don't allow their currency prices to float freely on the open market.

Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Description : Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Last Answer :  decrease in the external value of money

Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : (4) Goods are exchanged with goods. Explanation: Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, ... crisis, such as when the currency may be either unstable or simply unavailable for conducting commerce,

Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : Goods are exchanged with goods.

Which bank prints currency notes of the denomination of Rs. 100? -Do You Know?

Description : Which bank prints currency notes of the denomination of Rs. 100? -Do You Know?

Last Answer : answer:

Who is the signatory on the Indian currency notes in denomination of two rupees and above? (1) Secretary, Reserve Bank of India (2) Finance Secretary, Minister of Finance (3) Governor, Reserve Bank of India (4) Finance Minister, Ministry of Finance

Description : Who is the signatory on the Indian currency notes in denomination of two rupees and above? (1) Secretary, Reserve Bank of India (2) Finance Secretary, Minister of Finance (3) Governor, Reserve Bank of India (4) Finance Minister, Ministry of Finance

Last Answer : (3) Governor, Reserve Bank of India

1. Which post does the Constitution of India does not mention? 2. What is the ‘Solar Corona’ mainly? 3. Who was a blind poet who worshipped Krishna and spread Krishna Bhakti cult? 4. A metal sheet with circular hole is heated. what change will be in the hole? 5. Which bank prints currency notes of the denomination of Rs. 100?

Description : 1. Which post does the Constitution of India does not mention? 2. What is the Solar Corona' mainly? 3. Who was a blind poet who worshipped Krishna and spread Krishna Bhakti cult? 4. A ... ? 20. By inserting a soft iron piece into solenoid, what does the strength of the magnetic field?

Last Answer : Answer : 1. The Deputy Prime Minister 2. Consists of molten lava 3. Surdas 4. It will Expand 5. The Bank Note Press, Dewas 6. Kathak 7. Hydrogen 8. Alain khan, the father of Dilawar Khan 9. ... Sarwani 14. 1991 15. 15 16. 46 gram 17. Chinook 18. Painters 19. State Election Commission 20. Increase

Which bank has become the first private sector bank to sell Indian gold coins? A) Dhanlaxmi Bank B) Federal Bank C) ICICI Bank D) IndusInd Bank E) Karur Vysya Bank

Description : Which bank has become the first private sector bank to sell Indian gold coins? A) Dhanlaxmi Bank B) Federal Bank C) ICICI Bank D) IndusInd Bank E) Karur Vysya Bank

Last Answer : B) Federal Bank Explanation: Kerala based private sector lender, Federal Bank has tied up with MMTC for distribution of Indian Gold Coins (IGC), the first-Ever national gold offering by the government, which was launched by Prime Minister Narendra Modi In November 2015.

Who is authorized to issue coins in India? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Description : Who is authorized to issue coins in India? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Last Answer : (2) Ministry of Finance Explanation: Coins may be coined at the Mint for issue under the authority of the Central Government, (of such denominations not higher than one hundred rupees), such ... the Ministry of Finance and bears the signature of the secretary. All currency notes are legal tender.

Who is authorised to issue coins in India ? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Description : Who is authorised to issue coins in India ? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Last Answer : Ministry of Finance

What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money held by public in currency c) ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Description : What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money ... ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Last Answer : a) ratio of money held by the public in currency to that of money held in bank deposits

Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.

Description : Which of the following is not the function of commercial bank? (a) Acceptance of deposits. (b) Advancing loans. © Issue of paper notes. (d) Credit control.

Last Answer : © Issue of paper notes.

Other than the gold standard what non fiat currency is a good investment?

Description : Other than the gold standard what non fiat currency is a good investment?

Last Answer : It sounds like you are asking what good barter items might be. It would have to be something that lasts a long time or something that can be created continuously, something physical, and something that ... system is kicking in, growing your own and trading it for things you need is a win-win.

Foreign currency which has a tendency of quick migration is called - (1) Scarce currency (2) Soft currency (3) Gold currency (4) Hot currency

Description : Foreign currency which has a tendency of quick migration is called - (1) Scarce currency (2) Soft currency (3) Gold currency (4) Hot currency

Last Answer : (4) Hot currency Explanation: Hot money or currency is a term that is most commonly used in financial markets to refer to the now of funds (or capital) from one country to another in ... money" because they can move very quickly in and out of markets, potentially leading to market instability.

7. The monetary base is composed of: a. gold and silver b. currency only c. currency and reserves d. currency and checkable deposits

Description : 7. The monetary base is composed of: a. gold and silver b. currency only c. currency and reserves d. currency and checkable deposits

Last Answer : c. currency and reserves

Foreign currency which has a tendency of quick migration is called (1) Scarce currency (2) Soft currency (3) Gold currency (4) Hot currency

Description : Foreign currency which has a tendency of quick migration is called (1) Scarce currency (2) Soft currency (3) Gold currency (4) Hot currency

Last Answer : Hot currency

What is/are the characteristics of „Hot Money‟? A. The term is used for fresh currency notes issued by RBI B. It is the fund which inflows in the market to take advantage of high interest rates C. It is the fund which is thrown in the market to create imbalance in the stock markets D. All of the Above E. None of the Above

Description : What is/are the characteristics of Hot Money ? A. The term is used for fresh currency notes issued by RBI B. It is the fund which inflows in the market to take advantage of high interest rates C. It ... in the market to create imbalance in the stock markets D. All of the Above E. None of the Above

Last Answer : B. It is the fund which inflows in the market to take advantage of high interest rates Explanation: Hot money is currency that moves regularly, and quickly, between financial markets so investors ensure they are getting the highest short-term interest rates available.

Which of the following refers to an account that a bank holds in a foreign currency in another bank? A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above

Description : Which of the following refers to an account that a bank holds in a foreign currency in another bank? A. Nostro Account B. Vostro Account C. LORO Account D. Mirror Account E. None of the Above

Last Answer : A. Nostro Account Explanation: Nostro account refers to an account that a bank holds in a foreign currency in another bank.

Money order payable to a person who is not permanent resident within the jurisdiction of office of payment a) Will not be paid b) Payment will be made only through cheques c) Payment will be made only by the postmaster d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

Description : Money order payable to a person who is not permanent resident within the jurisdiction of office of payment a) Will not be paid b) Payment will be made only through cheques c) Payment will be made only ... d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

Last Answer : d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

Which of the following is known as plastic money ? 1. bearer cheques 2. credit cards 3. demand dreafts 4. gift cheques 5. None of these

Description : Which of the following is known as plastic money ? 1. bearer cheques 2. credit cards 3. demand dreafts 4. gift cheques 5. None of these

Last Answer : credit cards

If you want to ensure that your money will be secured if cheques sent are wasted in the post, you should A) Always pay by cash B) Cross your Cheques ‘Account Payee only, Not Negotiable.’ C) Always get the money in person D) Not use the postal service in future

Description : If you want to ensure that your money will be secured if cheques sent are wasted in the post, you should A) Always pay by cash B) Cross your Cheques ‘Account Payee only, Not Negotiable.’ C) Always get the money in person D) Not use the postal service in future

Last Answer : Answer: B

Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.

What Manuel has some nickels and dimes in his piggy bank 26 coins altogether the number of nickels is 2 fewer than three times the number of dimes how much money does he have in his piggy bank?

Description : What Manuel has some nickels and dimes in his piggy bank 26 coins altogether the number of nickels is 2 fewer than three times the number of dimes how much money does he have in his piggy bank?

Last Answer : He has 165 cents.

Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Last Answer : (2) the forces of demand and supply in the foreign exchange market Explanation: A floating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to ... by the foreign-exchange market through supply and demand for that particular currency relative to other currencies.

Under flexible exchange rate system, the exchange rate is determined by (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies 

Last Answer :  the forces of demand and supply in the foreign exchange market

The currency notes on behalf of the Central Government are issued by whom ? -SST 10th

Description : The currency notes on behalf of the Central Government are issued by whom ? -SST 10th

Last Answer : The currency notes on behalf of the Central Government are issued by the Reserve Bank of India (RBI) only.

Who issues currency notes in India ? -SST 10th

Description : Who issues currency notes in India ? -SST 10th

Last Answer : Reserve Bank of India.

7. Write a short paragraph explaining to Roshan why the lions are shown on our currency notes. List at least one other object on which you see them. -History

Description : 7. Write a short paragraph explaining to Roshan why the lions are shown on our currency notes. List at least one other object on which you see them. -History

Last Answer : Ans: The lions are part of the Lion Capital in Samath. These lions are shown on our currency notes in honour of one of the greatest kings of India, Ashoka, who built the Capital. Moreover, on independence, the lion was recognized as the national animal, so the notes also showed the Lion Capital.

Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -General Knowledge

Description : Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -General Knowledge

Last Answer : The answer is 'Rs. 100'

What is the highest denomination of currency notes in circulation as legal tender in India at present? -Do You Know?

Description : What is the highest denomination of currency notes in circulation as legal tender in India at present? -Do You Know?

Last Answer : answer:

Who sings on One-rupee currency notes? -Do You Know?

Description : Who sings on One-rupee currency notes? -Do You Know?

Last Answer : answer:

What is the highest denomination of currency notes in circulation as legal tender in India at present? -Do You Know?

Description : What is the highest denomination of currency notes in circulation as legal tender in India at present? -Do You Know?

Last Answer : answer:

Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -Do You Know?

Description : Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -Do You Know?

Last Answer : Mahatma Gandhi series of Rs. 100 notes has picture of Indian Himalayan mountain ranges on its reverse which is of ecological and environmental significance.

Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -General Knowledge

Description : Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -General Knowledge

Last Answer : Mahatma Gandhi series of Rs. 100 notes has picture of Indian Himalayan mountain ranges on its reverse which is of ecological and environmental significance.

Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -General Knowledge

Description : Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? -General Knowledge

Last Answer : Mahatma Gandhi series of Rs. 100 notes has picture of Indian Himalayan mountain ranges on its reverse which is of ecological and environmental significance.

Places where Indian currency notes are printed?

Description : Places where Indian currency notes are printed?

Last Answer : Nashik, Maharashtra

Who sings on One-rupee currency notes?

Description : Who sings on One-rupee currency notes?

Last Answer : Finance Secretary of India

Leather cash bag should be used when the amount of currency notes exceeds Rs a) 5000 b) 10000 c) 500 d) 1000

Description : Leather cash bag should be used when the amount of currency notes exceeds Rs a) 5000 b) 10000 c) 500 d) 1000

Last Answer : c) 500