Page 97 - Account 10

Exercise

A. Answer the following questions in one sentence.
1. What is Financial Institution?
2. Mention different types of the financial institution. 2071(R)
3. What is bank?
4. Name any four commercial bank.
5. What is central bank?
6. In which country central bank was established at first? 2072(R)
7. Who appoints the governor of Nepal Rastra Bank? 2073(R)
8. When was Nepal Rastra Bank established?
9. Which bank performs the functions of creating and controlling of credit?
10. What is commercial bank?
11. Which is the first bank of Nepal?
12. What is central bank? In what kind of account one cannot get any interest?
13. What is development bank?
14. Define cheque.
15. What is a bearer cheque?
16. Write the names of parties involved in a cheque.
17. How can we draw money from cross cheque?
18. What is an order cheque?
19. Mention any two differences between bearer cheque and cross cheque.
20. What is insurance?
21. What do you mean by employment liabilities insurance?
22. What is insurance premium?
23. Who are the parties involved in insurance contract?
24. When was Citizen Investment Trust established? 2073(S), 2074(R), 2071(S)
25. What is Citizen Investment Trust?
26. What is dishonour of cheque? 2068 (R)
27. How many types of insurance are there? 2067 (Sup)
28. Write any two primary functions of insurance? 2067 (R)
29. What is the endowment life insurance? 2066 (Sup)
30. When was the Nepal Central Bank or Nepal Rastra Bank, established? 2066 (R)
31. Mention any one function of provident Fund. 2065 (Sup)
32. What is an order cheque? 2065 (R)
33. Write the name of the first bank of Nepal. 2072(S)
34. What is crossed cheque? 2068 (N PAB.)
35. When was Nepal Bank Ltd. established? 2067 (505)
36. What is meant by financial company?
37. Which is the first cooperative organization of the world and when it was established?
38. In what kind of account we can’t get any interest?

96 Aakar’s Office Practice and Accountancy - 10 Financial Institutions 97