Smartindia Classroom
CONTENTS
Geography
Economics
Political Science
History
Statistics
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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
Deposits in a bank by opening a bank account which can be withdrawn on demand are known as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-3
Money is the most __________ asset.
(A)
Current
(B)
Fixed
(C)
Liquid
(D)
Solid
Question-4
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Keep reserve so that people may withdrawn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-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
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-7
The first bank in India was established in
(A)
1770
(B)
1806
(C)
1801
(D)
1782
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
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)
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