A commercial bank authorized by state govt. to engage in business of banking ?

Related Mcqs:

1. Major financial institution responsible for issuing currency, managing foreign reserves implementing monetary policy and providing banking service to the govt. and commercial banks ?

   A. Central Bank
   B. State Bank
   C. Both
   D. None

2. The total amount by the federal govt. of the owner of the govt. securities is called___________________?

   A. Public debt
   B. Public finance
   C. Public good
   D. None

3. Sum total of currency in circulation plus commercial bank demand deposits and sometimes savings bank time deposits?

   A. Money supply
   B. Money lender
   C. National income
   D. None

4. Loans not passed through formal banking system e.g. family loans?

   A. Formal finance
   B. Informal finance
   C. Med term loans
   D. Long term loans

5. A legal entry chartered by a state or the federal govt. which is district and separate from the individuals who own it ?

   A. Co-operative
   B. Partnership
   C. Corporation
   D. None

6. Labour force engage in Agriculture in economically developed nations ?

   A. 5%
   B. 10%
   C. 15%
   D. 2%

7. The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?

   A. capital flight
   B. capital account
   C. capital deficit
   D. All of these

8. A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________?

   A. Tax
   B. Tariff
   C. Transfer payment
   D. Subsidy

9. The part of economy which contains all govt. entities is called__________________?

   A. Public sector
   B. Private sector
   C. Public utility
   D. None

10. Situation in which govt. intervention in an economy worsens outcomes__________________?

    A. Govt. failure
    B. Market perfection
    C. Govt. inefficiency
    D. None