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11th Standard Commerce Functions of Commercial banks English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. Minimum how much amount can be transferred through RTGS?

    (a)

    Any Amount

    (b)

    Rs. 50,000

    (c)

    Rs. 2 Lakhs

    (d)

    Rs. 5 Lakhs

  2. Overdraft facility is available for

    (a)

    Savings Bank Account

    (b)

    Fixed Deposit

    (c)

    Current Account

    (d)

    Recurring Deposit

  3. Which one of the following is not a primary function of Commercial Banks?

    (a)

    Accepting Deposits

    (b)

    Lending Money

    (c)

    Safety Locker Facilities

    (d)

    None of these

  4. A Credit card is a

    (a)

    Bill of Exchange

    (b)

    Promising note

    (c)

    a credit instrument

    (d)

    a cheque

  5. Salary account of an employee is a

    (a)

    Saving Account

    (b)

    Fixed Deposit Account

    (c)

    Recurring Deposit Account

    (d)

    Current Account

  6. Maintenance of minimum balance in Savings Acount is.

    (a)

    Compulsory

    (b)

    Not compulsory

    (c)

    Optional

    (d)

    None

  7. Expand FDR______

    (a)

    Fixed Deposit Receipt

    (b)

    Flexible Deposit Receipt

    (c)

    Fixed Deposit Rate

    (d)

    Fixed Deposit Ratio

  8. The secured credit facility given mostly to business institutions are known as______

    (a)

    Overdraft

    (b)

    Loan

    (c)

    Advances

    (d)

    Cash credit

  9. The primary functions of a commercial bank are of ________ types.

    (a)

    one

    (b)

    two

    (c)

    three

    (d)

    four

  10. Electronic Clearing Services (ECS) was launched by the RBI in ___________.

    (a)

    1995

    (b)

    1998

    (c)

    1990

    (d)

    1991

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