• 1. 
    For the bank, the amount of money in the account of the accountholder is called:

  • Profit
  • Deposit
  • Interest
  • Loan
  • 2. 
    __________ account is usually opened by businessmen, corporations, public bodies etc.

  • Saving
  • Current
  • Fixed
  • Recurring
  • 3. 
    Credit creation is done under which of the following methods?

  • Making Investment
  • Providing Loans
  • Discounting of Bill
  • All of the above
  • 4. 
    For the process of credit creation all the deposits (liabilities) of the bank are in the form of _____________

  • Demand deposits
  • Time deposits
  • Saving deposits
  • Foreign currency deposits
  • 5. 
    Which bank accepts the deposits from the public?

  • Commercial Banks
  • State Bank
  • Mortgage Bank
  • All of the above
  • 6. 
    Credit money in the country is controlled by:

  • Commercial Bank
  • Agriculture Bank
  • Central Bank
  • All of the above
  • 7. 
    Here, the interest is charged on the full amount of the loan

  • Cash Loan
  • Short-term Loan
  • Demand Loan
  • None of these
  • 8. 
    Generally, loans are of how many types?

  • 5
  • 6
  • 7
  • 3
  • 9. 
    I'm an institution which performs the function of accepting deposits, lending funds & making an investment with the main aim of profit maximization.What am I?

  • Commercial Bank
  • Central Bank
  • Government
  • None of these
  • 10. 
    ___________ facility is available to the general public to enable them to keep there valuables such as shares, gold, silver ornaments etc.

  • Underwriting
  • Letter of credit
  • D-mat account
  • Safe deposit vault
  • 11. 
    Facility through E-banking is provided through____________.

  • Telephone
  • T.V
  • Internet
  • Radio
  • 12. 
    Deposits are of how many types___

  • 5
  • 2
  • 1
  • 3
  • 13. 
    Which of the following functions are performed by the commercial banks?

  • Issuance of currency notes
  • Rediscounting of bills
  • Preparation of monetary policy
  • Credit creation
  • 14. 
    ATM facility is a part of Primary functions.

  • True
  • False
  • 15. 
    The part of deposits kept with the central bank is called:

  • Cash reserve
  • Margin
  • Interest rate
  • All of these
  • 16. 
    In this type of deposit, interest is charged from the customer

  • Fixed Deposit
  • Demand deposit
  • Saving deposits
  • none of the above
  • 17. 
    When commercial banks give loan for a period 5 year to 30 year they are referred as____________.

  • Short term loan
  • Medium term loan
  • Long term loan
  • All of above
  • 18. 
    Commercial Banks has ____ Functions

  • 4
  • 3
  • 2
  • 1
  • 19. 
    Here, interest is charged on the amount actually withdrawn. What am I?

  • Demand Loan
  • Cash Loan
  • Short-term Loan
  • None of the above
  • 20. 
    Under this, only 2 transactions are allowed

  • Demand Deposits
  • Fixed Deposits
  • Saving Deposits
  • None of the above
  • 21. 
    Credit money in the country is created by:

  • Central Bank
  • Commercial Bank
  • Saving Banks
  • Agriculture Banks
  • 22. 
    Which of the following is NOT a function of the commercial banks?

  • Receiving deposits
  • Issuing Loans
  • Rediscounting of Bill
  • Safe custody to Valuables
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