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Questions and Answers
What is the origin of the term 'Bank' according to the text?
What is the origin of the term 'Bank' according to the text?
- Greek word 'Bankos' meaning 'money exchange'
- German word 'Banken' meaning 'financial institution'
- Latin word 'Banca' meaning 'money-lending'
- French word 'Banco' meaning a 'bench' (correct)
According to the Indian Banking Regulation Act, 1949, what does a banking company do?
According to the Indian Banking Regulation Act, 1949, what does a banking company do?
- Only deals with deposits
- Transacts the business of banking in India (correct)
- Handles only foreign currency exchanges
- Provides insurance services
What type of services does a bank provide, as mentioned in the text?
What type of services does a bank provide, as mentioned in the text?
- Travel and tourism services
- Legal and consulting services
- Financial and money-related services (correct)
- Food and beverage services
Why did money-lenders display coins in big heaps or benches in earlier days?
Why did money-lenders display coins in big heaps or benches in earlier days?
What does the Indian Banking Regulation Act, 1949 define as 'banking company'?
What does the Indian Banking Regulation Act, 1949 define as 'banking company'?
How is a bank defined according to the text?
How is a bank defined according to the text?
What is the primary purpose of a manager's function of directing according to the text?
What is the primary purpose of a manager's function of directing according to the text?
Why is co-operation considered necessary in organizational activities according to the text?
Why is co-operation considered necessary in organizational activities according to the text?
What is the essence of organizational success according to the text?
What is the essence of organizational success according to the text?
How does directing contribute to enhancing efficiency in an organization as per the text?
How does directing contribute to enhancing efficiency in an organization as per the text?
Why should a manager focus on proper techniques of supervision according to the text?
Why should a manager focus on proper techniques of supervision according to the text?
What is the significance of co-ordination in achieving organizational goals according to the text?
What is the significance of co-ordination in achieving organizational goals according to the text?
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