Banking Quiz.... hey try this...

priyanka1987

priyanka1987

New member
lets ask qn to each other on banking to gain some more knowledge......

here coming 1st qn 4r u ppl..... try this its very simple.....


Which is the 1st indian bank which started merchant banking in india? & in which year?:SugarwareZ-064:
 
I guess that correct.....................well lets continue with the quiz....

state true/ false:

1) Banks create monetary base money when they issue loans
2) A bank's reserves consist of its vault cash and its deposits at the Fed.
3) As aggregate bank lending increases, the Fed must increase banking system reserves in order to maintain control of the Fed funds rate.
4) Banks lend the money they receive from their depositors
5) A bank's own money is at risk when it issues a loan.
6) When a bank issues a loan, its liabilities and reserves increase by the amount of the loan.
7) As the economy grows, Treasury revenues from taxes and bond sales must exceed spending in order to build up the balance in its accounts.


cOrrect answers to dese would fetch you 7 pts. So think and answer.
 
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yeah roshcrazy ur rite... the merchant banking activity in india started in 1967 with GRINDLAY BANK , indian banks there after followed the activity of merchant banking and the STATE BANK OF INDIA entered into 1972.
 
ruvi_143 said:
I guess that correct.....................well lets continue with the quiz....

state true/ false:

1) Banks create monetary base money when they issue loans
2) A bank's reserves consist of its vault cash and its deposits at the Fed.
3) As aggregate bank lending increases, the Fed must increase banking system reserves in order to maintain control of the Fed funds rate.
4) Banks lend the money they receive from their depositors
5) A bank's own money is at risk when it issues a loan.
6) When a bank issues a loan, its liabilities and reserves increase by the amount of the loan.
7) As the economy grows, Treasury revenues from taxes and bond sales must exceed spending in order to build up the balance in its accounts.


cOrrect answers to dese would fetch you 7 pts. So think and answer.
Click to expand...



state true/ false:

1) Banks create monetary base money when they issue loans- FALSE
2) A bank's reserves consist of its vault cash and its deposits at the Fed.- TRUE
3) As aggregate bank lending increases, the Fed must increase banking system reserves in order to maintain control of the Fed funds rate. - TRUE
4) Banks lend the money they receive from their depositors-FALSE
5) A bank's own money is at risk when it issues a loan.- TRUE
6) When a bank issues a loan, its liabilities and reserves increase by the amount of the loan.- FALSE
7) As the economy grows, Treasury revenues from taxes and bond sales must exceed spending in order to build up the balance in its accounts. - FALSE


I GUESS IM RIGHT....... HEY PLS TELL IF IM RIGHT OR WRONG........

KEEP PLAYING......

CHEERS!!! :tea:
 
Next qn .....

1) when was imperial bank of india formed ? ( merger of state bank of bombay , madras and calcutta??

very easy .........
 
hey ppl..... y no answer yet..........????:SugarwareZ-064:

common ppls try to particiapate .........




n ruvi_143 u didnt tell us ans is rite or wrong if it is rite thn i shud get 7 points as u promised:SugarwareZ-191:


waiting 4r ans.....
 
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These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27 January 1921.

right??
 
^pRIYANKA: Amazing..............all correct..................tooo goood.

Well as per my promise..........7 pts shall be credited to ur a/c.
 
rite roshcrazy.......

after giving ans... ask the nest qn....

well next qn is which bank is growing at a fast rate in india ?
 
is my answer right??neways hered d next question...

A "check card" is also known as

a. credit card

b. debit card

c. PIN card
 
ohh yes bank ohk...

@ross...no d answer is debit card..

n heres d next question:Your financial institution bounces your check because of insufficient funds. Besides covering the amount of the check, you will likely have to pay a fee to:

a. your financial institution

b. the business to which the check was written

c. the bank and the business to which the check was written
 
the answer depends...

coz whn a cheque returns i have to pay to my finiancial institution as bank charges...

and if the business to which the cheque is been paid i have to pay him if he demands the amount as compensation which is been paid by him to his financial institution...

hope i m right...

lemme knw...
 
a. your financial institution......

M i rite rosh???

next qn............

which bank is on 1st number n leading in the world????
 
frnzz, the correct answer is [c]-the bank and the business to which the check was written......good try though..!!
 
he answer depends...

coz whn a cheque returns i have to pay to my finiancial institution as bank charges...

and if the business to which the cheque is been paid i have to pay him if he demands the amount as compensation which is been paid by him to his financial institution...- ross

@ross; i don think the compensation is paid by the financial insti............

d person who bounced the check has to pay the other biz man if the dude makes a legitimate decision against the dude......

so i guess (c) is correct* (*- conditions apply)
 
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