Quiz  /  Commercial Banks Class 10 MCQ Questions With Answers

  • 1. 
    Which of the loan types has the lowest interest and needs to be repaid in a shorter time period?

  • Overdraft
  • Mortgage
  • Higher purchase
  • Commercial loan

  • 2. 
    _____________ deposits carry high rate of interest.

  • Demand
  • Fixed
  • Short Term

  • 3. 
    Fixed Deposits are chequable.

  • True
  • False

  • 4. 
    Interest is paid by the bank on Demand Deposits

  • True
  • False

  • 5. 
    Which is NOT a function of commercial bank?

  • Providing financial and tax planning advice
  • Print money
  • Providing insurance
  • Exchanging foreign currencies

  • 6. 
    Demand deposit are also known as ___________

  • Saving Deposit
  • Fixed Deposit
  • Time Deposit
  • Current Deposit

  • 7. 
    What is the other name for "fixed deposit"?

  • Demand deposit
  • Current account
  • Time deposit
  • Deposit account

  • 8. 
    A customer prefers Overdraft to a loan because

  • Overdraft facility is provided for free by the bank
  • Customer has the facility of borrowing only as much as he/she requires
  • Bank pays an interest for the Overdraft facility
Report Question
warning
access_time
  Time