Which of the following is legal tender
Bank notes
Bank drafts
Central bank cheque
Traveller's cheque
Correct answer is A
No explanation has been provided for this answer.
Treasury bills are bought and sold in the
Capital market
Open market
Commodity market
Money market
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a function of the Central Bank
Banker to the government
Banker's bank
issuance of currency notes
Granting loans to the public
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a reason for dishonoring a cheque?
insufficient funds in drawer's account
when the cheque is stale
Amount in figure differs with amount in words
Poor handwriting
Correct answer is D
No explanation has been provided for this answer.
A limited company can raise long term capital through the
commodity market
stock exchange market
export market
foreign exchnage market
Correct answer is B
No explanation has been provided for this answer.