Smartindia Classroom
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Geography
Economics
Political Science
History
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Question-1
Find out the primary function of money
(A)
Store of value
(B)
Measures units value of goods & services
(C)
Transfer of value
(D)
Standard for deferred payment
Question-2
A __________ is a paper in instructing the bank to pay a specific amount from a person's account.
(A)
Loan
(B)
Demand deposit
(C)
Cheque
(D)
Currency
Question-3
Money is the most __________ asset.
(A)
Current
(B)
Fixed
(C)
Liquid
(D)
Solid
Question-4
Minimum reserve system relates
(A)
Method of note issue
(B)
Commercial banks keep certain portion of their deposits with the RBI
(C)
Commercial banks should keep certain portions of their deposits in cash
(D)
Customers are compelled to keep certain minimum balance with their deposits
Question-5
The primary functions of the commercial bank is
(A)
Making loans and advances
(B)
Discounting bills of exchange
(C)
Accepting deposits
(D)
Participating in the inter-bank borrowing
Question-6
Currency is issued in India by
(A)
Commercial Banks
(B)
Regional rural Banks
(C)
Nationalised Banks
(D)
Reserve Bank of India
Question-7
___________ is the primary functions of commercial bank.
(A)
Credit creation
(B)
Providing loans
(C)
Accepting deposits
(D)
Transfer of funds
Question-8
Deposits in a bank by opening a bank account which can be withdrawn on demand are known as
(A)
Deposit
(B)
Currency
(C)
Demand deposits
(D)
Cheque
Question-9
Banks use the major portion of the deposit to
(A)
Keep reserve so that people may withdrawn
(B)
Meet their routine expenses
(C)
Extend loans
(D)
Meet renovations of the bank
Question-10
Which bank controls credit creation capacity of commercial bank?
(A)
SBI
(B)
Canara Bank
(C)
Post Office Saving Bank
(D)
Central Bank
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Plus 1 Humanities
Tamil Nadu (English Medium)
Practice in Related Chapters
Economic Growth and Development
Population
Poverty and Unemployment
Economic Planning
Banking
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Measures of Variability
Statistical Analysis and Measures of Central Pendency
Human Resource Development
Foreign Trade
Industrial Sector
National Income
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