Quiz on Letter of Credit LC Bank Credit BC

What is the core function of a bank ?

Cheques and DDs

Debit Cards and Credit Cards

NEFT, RTGS and UPI

Deposits and Advances

Other than those options given

Correct! Wrong!

What is Bank Credit ?

Cash Credit and Working Capital provided to Business owners

Personal Loan, Housing Loan and Car loan provided to Retail Borrowers

Loan given for business requirements or personal needs to its customers

All of those given in options

Other than those options given

Correct! Wrong!

The loans and advances provided by the bank can be

with collateral

without collateral

with or without collateral

compulsorily with collateral

Other than those options given

Correct! Wrong!

The Preamble of the Reserve Bank of India includes

to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage

to have a modern monetary policy framework to meet the challenge of an increasingly complex economy

to maintain price stability while keeping in mind the objective of growth

All of those options given

Other than those options given

Correct! Wrong!

Quiz on Bank Credit, Letter of Credit - LC & Buyer's Credit

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Quiz on Bank Credit, Letter of Credit – LC & Buyer’s Credit

What is the core function of a bank ?

What is Bank Credit ?

The loans and advances provided by the bank can be

The Preamble of the Reserve Bank of India includes

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