Statement I: The London goldsmiths transacted their branches across their traditional benches in the market places.

Statement II: The London goldsmiths had broken their benches after collecting money and ran away.

In the above statements:

a.

Only I is correct

b.

Both I and II are not correct

c.

Both I and II are correct

d.

Only II is correct

Underwriting of capital issues for corporate customers by the bank is the service of:

a.

Taking care of collection of dividends on behalf of customers

b.

Taking care of the legal formalities and issue of share capital by companies

c.

Taking care of import formalities of customers

d.

Taking care of export formalities of customers

The demand draft has to be signed by:

a.

Both cashier and branch manager of a bank

b.

Both endorser and branch manager of a bank

c.

Both payee and branch manager of a bank

d.

Both customer and branch manager of a bank