LUCKNOW UNIVERSITY B.COM NOTES

UNIT-III     1. Which bank is known as banker’s bank?   a. RBI   b. SBI c. PNB   d .NABARD     2. A banking system where business is carried on by a bank through a network of branches spread throughout the country is known as ………   a. Unit banking   b. Branch banking c .chain banking d. group banking   3. ………… refers to a system of banking in which two or more independent banks are brought under the control of a holding company a. Group banking b. chain banking   c. deposit banking   d. investment banking     4. …………. Banking is a system where banks combine both the deposit banking and invest banking functions a. Chain banking   b . deposit banking c. investment banking d. mixed banking   5. India‘s first women ‘ s bank The Bharatiya Mahila Bank was inaugurated in which city ?   a. Mumabi   b. Delhi   c. Kolkata d. Chennai  ...

STATISTICS “A knowledge of statistics is like a knowledge of foreign language of algebra; it may prove of use at any time under any circumstance”……………………………………...Bowley. A.L. Bowley has defined statistics as: (i) statistics is the science of counting, (ii) Statistics may rightly be called the science of averages, and (iii) statistics is the science of measurement of social organism regarded as a whole in all its manifestations. Boddington defined as: Statistics is the science of estimates and probabilities. Seligman explored that statistics is a science that deals with the methods of collecting, classifying, presenting, comparing and interpreting numerical data collected to throw   some light on any sphere of enquiry. Spiegal defines statistics highlighting its role in decision-making particularly under uncertainty. CHARACTERSTICS OF STATISTICS ·          Statistics are the aggregates of facts. ·     ...