Lesson-1 on Bank and Banking Sector

Question: What is BANK?

Answer:

A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets. A bank connects customers with capital deficits to customers with capital surpluses.

Question: What are Main Functions of a Bank ?

Answer:

Ø    Borrowing money from public by accepting deposits

Ø    Lending the borrowed money

Question: What are the Sources of Fund for a Bank ?

Answer:

Ø    Paid- Up capital

Ø    Reserve fund & undistributed profits

Ø    Deposits from public in various accounts

Ø    Borrowing from Bangladesh bank & other financial institutions.

Question: How many Specialized Development Banks in Bangladesh?

Answer:

• Bangladesh Development Bank Ltd (Bd. Shilpa Bank+Bd. Shilpa Rin Sangstha)
• Karmasangstan Bank
• Bangladesh Krishi Bank
• Rajshahi Krishi Unnayan Bank
• Basic Bank Ltd (Bank of Small Industries and Commerce)
• Bangladesh Somobay Bank Limited(Cooperative Bank)
• Grameen Bank
• Ansar VDP Unnyan Bank

Question: How many Foreign Commercial Banks  in Bangladesh?

Answer:

Foreign Commercial Banks

• CITIBANK N.A.
• HSBC
• Standard Chartered Bank
• Commercial Bank of Ceylon
• State Bank of India
• Habib Bank
• National Bank of Pakistan
• Worri Bank
• Bank Alfalah

Related post