Recent questions tagged banking and insurance

Description : How to close a cash account ?

Last Answer : It is not possible to close or activate the account without SIM. Since the SIM is in your name, pick up the SIM first. It is not possible without SIM.

Description : What type of bank is Sonali Bank ?

Last Answer : Sonali Bank Commercial Bank.

Description : What do two or more banks do together ?

Last Answer : Two or more banks together form a group bank.

Description : In which country is single bank common ?

Last Answer : Single bank is common in the United States.

Description : Which bank is obsolete in Bangladesh ?

Last Answer : Single bank is obsolete in Bangladesh.

Description : Which bank's operations are limited to a specific area only ?

Last Answer : The operations of a single bank are limited to a specific area only.

Description : How Many Functional Banks ?

Last Answer : 11 functional banks .

Description : How is the bank classified ?

Last Answer : Banks are classified into 9 sections.

Description : What causes bank bankruptcy ?

Last Answer : Bank failure is due to lack of financial solvency.

Description : Which is one of the principles of banking business ?

Last Answer : Liquidity policy is one of the principles of banking business.

Description : What are the essential principles of banking business ?

Last Answer : The essential principle of banking business is the principle of profit.

Description : What are the principles of banking business ?

Last Answer : 17 principles of banking business.

Description : It is impossible to establish a bank in Bangladesh without the approval of any bank ?

Last Answer : It is impossible to establish a bank in Bangladesh without the approval of Bangladesh Bank.

Description : What is the minimum number of directors of a bank owned by a public limited company ?

Last Answer : The minimum number of directors of a bank owned by a public limited company is 6.

Description : How do customers buy products without cash ?

Last Answer : Customers buy goods without cash by giving credit card.

Description : What is the amount of interest on term deposit ?

Last Answer : The interest rate on term deposit is about 13%.

Description : What is the interest rate on savings deposit ?

Last Answer : Interest rate on savings deposit is about 8%.

Description : Bank interest is not paid on any deposit ?

Last Answer : Bank interest is not paid on current deposit.

Description : What are the objectives of the bank in the context of government and state parties ?

Last Answer : In the context of government and state parties, the objectives of the bank are 5 .

Description : What is the purpose of the bank for the government and the state ?

Last Answer : Banks serve the purpose of employment on behalf of the government and the state .

Description : What are the objectives of the bank in the context of owner and management authority ?

Last Answer : In the context of owner and management authority, the bank has 4 objectives.

Description : What makes commercial banks facilitate the circulation of government currency ?

Last Answer : Commercial banks facilitate the circulation of government currency through bank checks.

Description : Which one serves as an alternative to currency ?

Last Answer : Check acts as a currency alternative.

Description : Which bank in Bangladesh issues banknotes and coins ?

Last Answer : Bangladesh Bank of Bangladesh issues notes and coins.

Description : What to do to launch internet banking service of Dutch Bangla Bank ?

Last Answer : : In order to use Dutch Bangla Bank's internet service, you need to contact the bank. They will give you a form and if you fill it, they will give you user ID and password. And internet banking of Dutch Bangla Bank is now completely free. You don't have to pay any separate charge.

Description : Is Bitcoin Legal in Bangladesh ?

Last Answer : One month after Bangladesh joined the Bitcoin Foundation as the first country in Asia, Bangladesh Bank has imposed a ban on bitcoin transactions in the country. Transactions in Bitcoin or Bitcoin or any ... and the Prevention of Money Laundering Act , 2012. So Bitcoin is illegal in our country.

Description : What is the importance of online banking and mobile banking ?

Last Answer : Online banking and mobile banking are among the processes and strategies being adopted to increase the quality of banking services in the modern economy. This banking has created many opportunities for ... under this banking service. As a result, the country's foreign exchange reserves increased.

Description : What is meant by bank liquidity policy ?

Last Answer : : Liquidity is the fastest conversion into cash with less loss of property. According to the Banking Act, a bank is obliged to return the money of its depositor on demand. Liquidity policy is the policy under which banks lend and invest the rest of their cash and liquid assets.

Description : What is meant by Merchant Bank ?

Last Answer : : Merchant Bank is a bank formed by a combination of exchange banking and investment banking. In foreign trade, these banks issue certificates to the customers , recognize the bills raised by the ... bill. Merchant banks provide long-term loans , invest in joint ventures, and act as creditors.

Description : What are the sources of money in Kala ?

Last Answer : : The main sources of money are tax evasion , bribery , corruption and smuggling. Moreover, over -invoicing , under-invoicing , non- repayment of loans from banks , extortion , hoarding also fall into black money.

Description : What is Central Bank ?

Last Answer : The bank that controls the financial institutions of the country , issues currency in the country and acts as the financial representative and advisor of the government is called the central bank.

Description : What is Scheduled Bank ?

Last Answer : : All the banks which have a certain limit of authorized capital or have guaranteed to deposit a certain amount of money in the central bank are called scheduled banks of the central bank. At present there are 56 scheduled banks in Bangladesh.

Description : What is bankruptcy ?

Last Answer : If a person fails to meet the full claim of the creditor, i.e. if the amount of his debt exceeds the value of all his assets, then he can be declared bankrupt by law or court. The first bankruptcy law was enacted in 1920. At present the Bankruptcy Act of 1997 is in force.

Description : Explain the structure of a bank ?

Last Answer : : Wherever a bank is formed in accordance with the rules of the prevailing financial and banking laws of the country. No one can set up a bank if he wants to . The customary law of the ... , 1994 and in the case of Cooperative Banking, the Cooperatives Act, 2001 and the Cooperatives Rules, 2004.

Description : What are the names of Islamic banks in Bangladesh ?

Last Answer : The name of Islamic banks in Bangladesh is - 1. Islami Bank Bangladesh Limited , II. Al-Arafah Islami Bank Limited , 3. Social Investment Bank Limited , 4. The Oriental Bank Limited (full name - ... 5. ICB Islami Bank Limited , 6. Bank Alfalah , Islami Bank Limited. . Shahjalal Islami Bank Limited.

Description : What is Liquidity ?

Last Answer : : The term liquidity has caused quite a stir at one time , especially in the banking sector. As the fear of liquidity crisis haunted the banks on the one hand, now there is talk of excess liquidity. ... rule of 30% liquidity of matt deposits, in 1970 it was reduced to 26% and in 1971 to 8%.

Description : What is Bank Rate ?

Last Answer : The rate at which the central bank provides credit facility to commercial banks by securing first class bonds or re-negotiating first class bills is called bank rate . Its decline led to a decline in commercial bank deposits and interest rates. At present the bank rate is 5%.

Description : What are the other functions of Bangladesh Bank ?

Last Answer : Other functions of Bangladesh Bank (a) To control debt (b) To control other banks (c) To lend to other banks (d) To control foreign exchange (e) To act as clearing house (f) To do developmental work (g) Government Acting as a bank (h) Launching net.

Description : What is the name of the central bank of Sweden ?

Last Answer : The name of the central bank of Sweden is Bank of Sweden.

Description : What is the name of the central bank of Denmark ?

Last Answer : Name of the Central Bank of Denmark - National Bank of Denmark.

Description : What is the name of the Central Bank of Spain ?

Last Answer : Name of the Central Bank of Spain - Bank of Spain.

Description : What is the name of the Central Bank of the Netherlands ?

Last Answer : The name of the central bank of the Netherlands is Netherlands Bank.

Description : What is the name of the Central Bank of Malta ?

Last Answer : Name of the Central Bank of Malta - Central Bank of Malta.

Description : What is the name of the Central Bank of Italy ?

Last Answer : Name of the Central Bank of Italy - Bank of Italy.

Description : What is the name of the central bank of Greece ?

Last Answer : Name of the Central Bank of Greece - Bank of Greece.

Description : What is the name of the central bank of Germany ?

Last Answer : Name of the Central Bank of Germany - Federal Bank of Germany.

Description : What is the name of the Central Bank of Austria ?

Last Answer : Name of the Central Bank of Austria - Austrian National Bank.

Description : What is the name of the Central Bank of France ?

Last Answer : Name of the Central Bank of France - Bank of France.

Description : What is the name of the Central Bank of Zimbabwe ?

Last Answer : Name of the Central Bank of Zimbabwe - Reserve Bank of Zimbabwe.

Description : What is the name of the Central Bank of the United Kingdom ?

Last Answer : Name of the Central Bank of the United Kingdom - Bank of England.