Smartindia Classroom
CONTENTS
Geography
Economics
Political Science
History
Statistics
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Question-1
The Reserve Bank of India has been publishing data on ________ alternative measure of money supply.
(A)
Two
(B)
One
(C)
Three
(D)
Four
Question-2
The second important function of commercial bank is
(A)
Agency function
(B)
Providing loan
(C)
Credit creation
(D)
Transfer of funds
Question-3
Deposits in a bank by opening a bank account which can be withdrawn on demand are known as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-4
Liquidity is the ___________ functions of money.
(A)
Primary
(B)
Main
(C)
Secondary
(D)
Contingent
Question-5
Commercial banks are also able to transfer funds of a customer to other customer’s account through
(A)
Cheques
(B)
Draft
(C)
Credit card
(D)
All the above
Question-6
When two goods between two persons at a time are exchanged without the use of money , it is called
(A)
Credit
(B)
Loan
(C)
Barter system
(D)
Demand
Question-7
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-8
Currency is issued in India by
(A)
Commercial Banks
(B)
Regional rural Banks
(C)
Nationalised Banks
(D)
Reserve Bank of India
Question-9
The 14 commercial banks were nationalized in the year
(A)
1969
(B)
1951
(C)
1949
(D)
1980
Question-10
The issue of currency is undertaken on behalf of state by the
(A)
State Bank of India
(B)
Reserve Bank of India
(C)
Canara Bank
(D)
Federal Bank
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Plus 1 Humanities
Tamil Nadu (English Medium)
Practice in Related Chapters
Economic Growth and Development
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Economic Planning
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Foreign Trade
Industrial Sector
National Income
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