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प्रश्न
Answer the following question in short:
What are the agency functions of banks?
उत्तर
The agency functions of commercial banks can be defined as the functions in which these banks act as an agent to their customers. The following are the agency functions of commercial banks:
a. They collect cheques, dividends and interest on behalf of the customers and credit the amount in their accounts.
b. They pay rent, insurance, premium, etc., on behalf of customers and deduct the amount from their accounts
c. They buy and sell foreign exchange.
d. They buy and sell different securities like shares and debentures.
e. They receive travel tickets and letters and book vehicles on behalf of their customers.
f. They act as a trustee, executor of will, attorney, etc.
g. They help the customers in filing tax returns.
h. They provide the facility of bank draft that helps in remitting money from place to another.
i. They act as an underwriter on behalf of a company.
j. They provide the facility of dematerialised accounts to people dealing in shares and debentures.
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संबंधित प्रश्न
Air Transport? Advantages and Limitations?
Select the proper option from the options given below and rewrite the completed sentence.
Insurable interest must exist in ________.
Select the proper option from the options given below and rewrite the completed sentence.
In India railways are owned and managed by ________.
Match the correct pairs:
| Group “A” | Group “B” | ||
| a. | RBI | 1 | Recurring deposit account |
| b. | Overdraft | 2 | 12 hours service |
| c. | Saving account | 3 | Withdrawals after fixed period of time |
| d. | ATM | 4 | Central Bank |
| e. | Fixed deposit account |
5 | Current Account |
| 6 | Salaried people | ||
| 7 | 24 hours service | ||
| 8 | Commercial bank | ||
| 9 | Cash credit | ||
| 10 | Withdrawal before fixed period of time. |
Match the correct pairs:
| Group “A” | Group “B” | ||
| a. | Road transport | 1 | Government owned |
| b. | Rail transport | 2 | Co-operative societies |
| c. | Air transport | 3 | Self employed |
| d. | Postal department | 4 | Owned by private companies |
| e. | Courier services | 5 | Door to door service |
| 6 | Owned by individuals | ||
| 7 | Costliest means of transport | ||
| 8 | Huge carrying capacity | ||
| 9 | Difficulty in transport | ||
| 10 | Cheapest means of transport |
Write a word or phrase or a term which can substitute the following:
An account where fixed amount is kept for a specific period.
Write a word or phrase or a term which can substitute the following:
A device through which calls and messages can be sent and received
Write a word or phrase or a term which can substitute the following:
An electronic letter through which the messages can be exchanged on the computer.
Distinguish between the following:
Cheque & Bank Overdraft
Write Short Note on the following:
Rail transport
Write Short Note on the following:
Air transport
State with Reasons whether the following statement is TRUE or FALSE.
The principle of indemnity applies to life insurance.
State with Reasons whether the following statement is TRUE or FALSE.
Transport helps in raising standard of living.
State with Reasons whether the following statement is TRUE or FALSE.
Water transport is the costliest means of transport available.
State with Reasons whether the following statement is TRUE or FALSE.
Rail transport provides door to door services.
Answer the following question in short:
What is e-banking?
Answer the following question:
Describe the role of transport in modern times.
