Advertisements
Advertisements
Question
What is exchange bank?
Solution
Exchange banks are banks which facilitate foreign exchange transactions.
RELATED QUESTIONS
Distinguish between the following:
Current account & Savings account
Find the odd one.
The term bank comes from the French word ______.
_________ banking refers to the use of banking services with the help of mobile phones.
Correct the underlined word and rewrite the following sentence.
The foreign bank is the apex financial institution in the banking industry in the country.
Explain the following term/concept.
Banking
Distinguish between.
Central Bank and Commercial Bank
Distinguish between.
Savings Account and Current Account
State four types of deposits.
Explain the utility function of banks?
The word bank comes from French word _______.
Select the correct option.
(no need to carry cash, intangible, fund transfer system, accepting deposits, niche banks in India)
Group A | Group B |
A. _____________ | services |
B. commercial bank | ______________ |
C. _____________ | Small finance bank |
D. credit cards | _______________ |
E. _____________ | RTGS |
What is demand deposits?
Correct the underlined word and rewrite the sentence.
The commercial bank is the apex financial institution in banking industry in the country.
Explain the following term/concept in detail.
Central Bank