Multiple Choice Questions: (i) Find the incorrect option: (a) Demand deposit share the essential ...
0Multiple Choice Questions:
(i) Find the incorrect option:
(a) Demand deposit share the essential features of money.
(b) With demand deposit payments can be made without cost.
(c) Demand deposits are safe way of money transformation.
(d) Demand deposit facility is like cheque.
(ii) Rita has taken loan of โน 7 lakhs from the bank to purchase a car. The annual interest rate on the loan is 14.5 percent and the loan is to be repaid in 3 years in monthly instalments. The bank retained the papers of the new car as collateral which will be returned to Rita only when she repays the entire loan with interest.
Analyse the loan information given above, considering one of the following options:
(a) Mode of repayment
(b) Terms of credit
(c) Interest on loan
(d) Deposit criteria
(iii) Money is also called:
(a) Supervisor of exchange
(b) Medium of exchange
(c) Transaction itself
(d) None of these
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