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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)

    50,000

    (c)

    2 Lakhs

    (d)

    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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