Semester : SEMESTER 1
Subject : Mathematics for Economics
Year : 2018
Term : MAY
Branch : ECONOMICS
Scheme : 2020 Full Time
Course Code : ECO 1C 03
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2 D 43300 .
The major players in Indian money market is :
(a) RBI. (b) Commercial Banks,
(c) Co-operative Banks. (d) Indigenous Banks.
A market for long term funds are called : :
(a) Money market. (b) Capital market.
(c) Commercial banks. (प) Foreign exchange banks. .
Honouring of a cheque is a :
(a) Privilege. (b) Obligation.
(c) Statutory obligation. (d) Contractual obligation.
Dishonour of a:cheque due to want of funds is an offence under Section ———— of the Negotiable
Instrument Act 1881.
(a) 36. (b) 138.
(0) 56. (d) 146.
The document which can be used only for making local payment is :
(a) Acheque. (b) A bill of exchange.
(c) A banker's cheque. (d) A draft.
(12 x % = 6 marks)
Part B (Very Short Answer Type Questions)
_ Section I
Answer any five questions.
What are the constituents of a financial system ?
What is an ATM ?
What is meant by Internet banking ?
Define branch banking.
Distinguish between Scheduled and Non-scheduled banks.
What is clearing house ?
Section I
Answer any five questions.
Distinguish between Money market and Capital market.
Define discount‘market.
Distinguish between current account and recurring account.
What is a derivative deposit ?
What are the types of negotiable instruments ?
What are bonus shares ?
(10 x 2 = 20 marks)