CBSE  /  Class 12  /  Economics  /  Money and Banking

  • 1. 
    What type of loan is advanced by Commercial Banks?

  • Cash Credit
  • Overdraft
  • Loan and Advance
  • All of these

  • 2. 
    Which function is the Secondary Function of Commercial Banks?

  • Agency Function
  • General Utility Function
  • Social Function
  • All of these

  • 3. 
    Which is the Agency Function of Commercial Banks?

  • Advancing Loans
  • Accepting Deposits
  • Act as Trustee
  • Locker Facility

  • 4. 
    Credit money is increased when CRR:

  • Falls
  • Rises
  • Both (a) and (b)
  • None of these

  • 5. 
    The full form of ATM is:

  • Any Time Money
  • All Time Money
  • Automated Teller Machine
  • Both (a) and (b)

  • 6. 
    The main function of a commercial bank is:

  • Credit control
  • Loaning to other banks
  • Accept deposits from customers
  • All the above

  • 7. 
    What is the Central Bank of India?

  • Commercial Bank
  • Central Bank
  • Private Bank
  • None of these

  • 8. 
    Commercial banks:

  • Issue currency notes
  • Accepts deposits from customers
  • Provide loans to customers
  • Only (b) and (c)

  • 9. 
    What is true for the Central Bank?

  • Apex Bank of the Country
  • Ownership of the Government
  • Regulates the entire banking system in the country
  • All the above

  • 10. 
    Central Bank of India is:

  • Reserve Bank of India
  • State Bank of India
  • Central Bank of India
  • Bank of India
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