In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option:
Assertion (A) : Banks keeps a small proportion of their deposits as cash with themselves.
Reason (R) : This is kept to meet the loan requirements of the people.
In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option:
Assertion (A) : Banks give loans not only to profit making businesses but also to small cultivators.
Reason (R) : The RBI supervises the functioning of formal sources of loans.
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In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the Statements and choose the correct option:
Assertion (A) : Periodically, banks have to submit information to the finance Minister on how much they are lending, to whom, at what interest rate, etc.
Reason (R) : The finance Minister monitors the banks in actually maintaining cash balance.
Direction: Mark the option which is most suitable:
Assertion : The modern currency is used as a medium of exchange; however, it does not have a use of its own.
Reason : Modem currency is easy to carry
Direction: Mark the option which is most suitable:
Assertion : The Reserve Bank of India supervises the functioning of formal sources of loans.
Reason : The RBI sees that the banks give loans not just to profit-making businesses and traders but also to small cultivators, small scale industries, to small borrowers etc.
Direction: Mark the option which is most suitable:
Assertion : The terms of deposit are same for all credit arrangements.
Reason : Credit arrangements are very complex process so to remove the complexities same terms of deposits are used.
Direction: Mark the option which is most suitable:
Assertion : Credit would be useful or not depending on the risk involved in a situation.
Reason : The chance of benefiting from credit is highest in the agriculture sector.
Direction: Mark the option which is most suitable:
Assertion : Rohan took credit in the form of advance payment from a buyer and he delivered the goods to the buyer on time and also earned profit. The credit made Rohan better off in this situation.
Reason : Credit can never push a person into a debt trap.
Direction: Mark the option which is most suitable:
Assertion : Banks charge a higher interest rate on loans than what they offer on deposits.
Reason : The difference between what is charged from borrowers and what is paid to depositors is their main source of income.
Direction: Mark the option which is most suitable:
Assertion : Banks keep only a small proportion of their deposits as cash with themselves.
Reason : Banks in India these days hold about 15 percent of their deposits as cash.
Direction: Mark the option which is most suitable:
Assertion : The facility of demand deposits makes it possible to settle payments without the use of cash.
Reason : Demand deposits are paper orders which make it possible to transfer money from one person’s account to another person’s account.
Direction: Mark the option which is most suitable:
Assertion : In India, no individual can refuse to accept a payment made in rupees.
Reason : Rupee is the legal tender in India.
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