InterviewSolution

Explore topic-wise InterviewSolutions in .

This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.

1.

Distinguish between indigenous banks and commercial banks.

Answer»

Indigenous Banks	Commercial Banks
1. The deposits with these bankers are very nominal. They generally do business with their own capital.	1. Major portion of their capital is formed by means of deposits. The success of these banks depends upon their deposits.
2. They do not provide the facility to withdraw money by cheque.	2. They provide the facility for making payment by cheque.
3. They do some other business along with banking business.	3. They only perform banking business.
4. They even give a loan without any security	4. These banks do not give loan without proper security.
5. The rate of interest charged by them is high and keeps on changing.	5. The rate of interest is fixed and is comparatively lower than indigenous bankers.

2.	The indigenous bankers are the oldest institution providing: (a) Insurance Facilities (b) Loans Facilities (c) Locker’s Facilities (d) Banking Facilities
Answer» (d) Banking Facilities

3.	What is called indigenous hankers in Chennai (Madras)?
Answer» Indigenous hankers in Chennai (Madras) is called Chetti.

4.	What is the meaning of indigenous bankers?
Answer» Indigenous bankers are persons or institutions which provides the loan, discount hundis and accept deposits from the people. Their area of function is mostly in towns or big villages. The indigenous bankers also provide functional assistance to Sahukars and Mahajans.

5.	The indigenous bankers are more financially: (a) Week (b) Sound (c) Strong (d) None of these
Answer» Correct option is (b) Sound

6.	Indigenous bankers play a vital role in the ………….(a) Agriculture(b) Industry(c) Urban areas(d) Private Sector
Answer» (a) Agriculture

7.	Sahukars and Mahajans do not accept deposits from: (a) People (b) Bank (c) Government (d) None of these
Answer» Correct option is (a) People