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Functions of Commercial banks Model Question Paper

11th Standard

    Reg.No. :
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Commerce

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. Salary account of an employee is a

    (a)

    Saving Account

    (b)

    Fixed Deposit Account

    (c)

    Recurring Deposit Account

    (d)

    Current Account

  2. Maintenance of minimum balance in Savings Acount is.

    (a)

    Compulsory

    (b)

    Not compulsory

    (c)

    Optional

    (d)

    None

  3. ______ deposits are repayable on demand on any day.

    (a)

    Demand Deposit

    (b)

    Time Deposit

    (c)

    Fixed Deposit

    (d)

    Savings Deposit

  4. _______ Documents have been notified by the Government of India as 'Officially Valid Documents' for proof of identity

    (a)

    Four

    (b)

    Five

    (c)

    Six

    (d)

    Seven

  5. ________ cards services were launched in March 2012 by the National Payments Corporation of India.

    (a)

    VISA

    (b)

    Maestro

    (c)

    Credit

    (d)

    RuPay

  6. 5 x 2 = 10
  7. What do you mean by Overdraft?

  8. What do you mean by Gift Cheque?

  9. Write a note on Funds transfer through SMS:

  10. What is Universal Banking?

  11. What is 'Mutual Fund'?

  12. 5 x 3 = 15
  13. What are the differences between Current Accounts and Savings Bank Accounts?

  14. What do you mean by Crossing of Cheque?

  15. Give two examples for Bank Assurance.

  16. Write a note on Credit Cards.

  17. List down the features of a bank.

  18. 4 x 5 = 20
  19. Explain the need of Commercial Banks to the development of the country.

  20. Briefly explain the Electronic Banking Functions:(Any Five)

  21. Give the features of a cheque.

  22. Differentiate Cheque and Bill of Exchange.

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