21. Which of the following statement is true?
1) Banks cannot accept demand nd time deposite from public.
2) Banks can accept only demand deposits from public.
3) Banks can accept only time deposits from public.
4) Banks can accept both demand and time deposits from public.
5) Banks can accept demand and time deposits only from government.
22. Interest payable on saving bank accounts is
1) Not regulated by RBI.
2) Regulated by State Governments
3) Regulated by Central Government
4) Regulated by RBI
5) Regulated by Finance minister
23. Which of the following is the correct statement?
1) State bank of India is the sole authority to issue and manage currency in India.
2) A nationalized bank is the sole authority to Issue and manage currency in India
3) A cooperative bank is the sole authority to issue and manage currency in India.
4) RBI is the sole authority to issue and manage currency in India.
5) None of these
24. Accounts are allowed to be operated by cheques in respect of
1) Both Savings bank accounts and fixed deposit accounts
2) Savings bank accounts and current accounts
3) Both Savings bank accounts and loan accounts
4) Both Savings bank accounts and cash accounts only
5) Both Current accounts and fixed deposit accounts
25. Which of the following is correct statement?
1) Normally no interest is paid on current deposit accounts
2) Interest is paid on current accounts at the same rate as term deposit accounts
3) The rate of interest on current account and savings account are the same
4) No interest is paid on any deposit by the bank
5) Savings deposits are the same as current deposits.