A type of bank account designed to compete with money market mutual funds, and having limited check-writing services, is known as:

Related MCQs

• PK Enterprises Limited has sold an entire lot of 5,00,000 equity shares @ ₹9 each to Prosperous Bank Private Limited. The bank in turn will offer the shares to general public for subscription @ ₹11 per share. Identify the method of floatation being described in the given lines.
• A large number (about 25%) of long-term mutual funds are _____________ funds, buying securities in proportions similar to those of a major stock index.
• Money Market mutual fund is also known as---------------
• Which among the following was set up by RBI in 1988 jointly with public sector banks and all India Financial Institutions to develop the money market & provide liquidity to money market instruments as sequel to Vaghul Working Group recommendations?
• The money market where securities are issued by governments to obtain funds for short term is classified as
• Mutual funds are very popular in
• In borrowing and lending of federal funds, the federal funds rate is result of function between
• In borrowing and lending of federal funds, federal funds rate is result of function between
• Consider the following statements 1. Chit Funds are type of NBFC 2. All NBFCs are ruled by RBI 3. RBI said any purchase of a stake of 26% or more in a company, or a change in more than 30% of its directors, would need the central bank's permission. Which of the above statements is/are correct?
• Money lent in the inter-bank market for 15 days or more is called -----------