Tamil Nadu (English Medium) Plus 1 Commerce Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1 A bank, which occupies a central position in the monetary and banking system of the country and has a superior financial authority, is

(A) Central Bank	(B)Commercial Bank
(C)Exchange Bank	(D)Co-operative bank

Question-2 Regional rural banks are established in

(A) Urban areas	(B)Towns
(C)Hilly areas	(D)Rural areas

Question-3 Banks, which help for the development of trade and commerce, are called

(A) Commercial banks	(B)Industrial banks
(C)Regional rural banks	(D)Exchange banks

Question-4 ATM means

(A) Any Time Money	(B)Automatic Time Money
(C)Automatic Teller Machine	(D)All Time Money

Question-5 In India, the central bank is

(A) State bank of India	(B)Reserve Bank of India
(C)Canara bank	(D)Indian Bank

Question-6 The banks, which are not covered by the second schedule of Reserve Bank of India, are called as

(A) Public Sector Banks	(B)Private sector Banks
(C)Non-Scheduled banks	(D)Scheduled banks

Question-7 MICR cheque means

(A) Magnetic Ink Character Recognition	(B)Marginal Ink Character Recognition
(C)Modern Ink Character Recognition	(D)Mobility Ink Character Recognition

Question-8 Banks which are owned by private individuals are

(A) Public Sector Banks	(B)Private sector Banks
(C)Co-operative Banks	(D)Scheduled banks

Question-9 When money is deposited for a fixed period it is called

(A) Savings Bank Deposits Account	(B)Fixed or Time Deposit Account
(C)Current Deposits Account	(D)Recurring deposits Accounts

Question-10 Negotiable Instruments Act was passed in

(A) 1881	(B)1872
(C)1991	(D)1855

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Plus 1 Commerce

Tamil Nadu (English Medium)

Practice in Related Chapters
Banking
Internal Trade- Small Scale Retail Organisation
International Trade
Salesmanship and Consumerism
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Warehouse
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