The … presides over the General assembly and Board of ICA.
ADirector General
BPresident
CVice President
DBoard
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In Summary of defects, errors of routine nature is furnished in
Which one of the following statement is incorrect about the difference between co-operation and socialism?
- Under socialism state is supreme but under Co-operation, the individual is is supreme.
- Socialism is a system of Government which seeks to move towards its objective; while co-operation is a system of thought which starts working the society.
- Socialism is economic remedy for economic evils; but co-operation is a political remedy for economic adjustment.
- Socialism Operates under state domination; but co-operation seeks to avoid state control.
Endorsement is defined in section --- of Negotiable Instrument Act.
Which of the following statements are incorrect?
- Bill of exchange is the primary function of Commercial bank.
- A bank provides locker facilities to the customers to keep their valuables or documents safely is the secondary function.
- It is an advance given to a customer by keeping the current account to overdraw up to the given limit, is the general utility function of Commercial bank
Which of these statements are true?
Statement 1: No banking Company shall grant any loans or advances on the security of its own shares.
Statement 2: Advance against their own shares is not allowed by banks, because these are prohibited under RBI Act of 1934.