Bank as an Institution

Q.

What Is ACHcr In Bank Terms?

Q. The word bank is derived from the Italian word ______ or from a French word ______.

1. Banque, Bench
2. Bench, Banque
3. Banco, Banque
4. Banque, Banco

Q.

What Are the Modern Functions of Commercial Banks?

Q.

What Are the Two Essential Functions of a Bank?

Q. Match the correct meaning of the words given below.

1. Transfer of funds
2. Keeps money in bank
3. Takes money as loan
4. Money borrowed

Q. Who acts as a link between a depositor and a borrower?

1. Government
2. Bank
3. Depositor
4. Borrower

Q. What is the French word from which the word 'bank' is derived?

1. Bench
2. Banque
3. Banco
4. Banc

Q.

What Are the Main Functions of Commercial Banks?

Q.

Which Is Not the Function of Commercial Banks?

Q. The depositor can withdraw money at any point of time or after an agreed time period. This character of a bank represents .

1. a range of services
2. the profit motive
3. accepting deposit
4. advancing loan

Q. What are the functions of a bank?

Q. What are the different words of different languages from which the word 'bank' is derived?

1. Bench
2. Banco
3. Banque
4. Perbankan

Q. Assertion (A): Banks earn their profits by mobilising the depositor's money to the borrowers and keeping a portion of the interest charged.

Reason (R): Banks function for service motives; they do not function to make money, so they charge only interest and do not make any profits.

1. A is correct.
2. R is incorrect.
3. Both A and R are true, and R is the correct explanation of A.
4. Both A and R are true, but R is not the correct explanation of A.

Q. Which of these is a characterstic of banks that helps customers to earn interest?

1. Dealing with money
2. Accepting deposits
3. Lending loans
4. Link between depositor and borrower

Q. Which of the following charateristics of banks make it a business helping in transfer of funds, payment of water bills, etc., on standing instructions?

1. Wide range of services offered
2. Lending loans
3. Accepting deposits
4. Providing locker facility

Q. Which of the following make banks a business entity?

1. Lending loans
2. Link between depositors and borrowers
3. Profit and service-oriented
4. Act as a business