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18) A Collective investment that pools money from investors and invest in
stocks, debentures and other securities are known as ------------ a) Stock
broking b) Forfeiting c) Mutual funds d) Commercial and Co Operatyive
Banks.
21) The term banking means accepting for the purpose of lending and or
investment of deposits of money from public, repayable on demand or
otherwise and withdrawable by cheques , drafts, order or
otherwise.This definition is contained in ----------------------- a) Section 42
of RBI Act 1934 b) Section 5(b) of BR Act 1949 c) Section 31 of NI act
1881 d) Section 22 of RBI Act 1934
22) Who all can be permitted to function as a Bank -------------- a)
Individuals b) Group of 20 individuals c) Company d) Trust formed
with a minimum of 10 Trustees.
23) When a Customer deposit money with his bank the customer becomes
a lender and the bank becomes a borrower. In this case the
relationship between the Banker and customer is that of a -------------- a)
Creditor and Debtor b) debtor and creditor c) Trustee and beneficiaries
d) depositor and depository .