Functions of Commercial banks Model Question Paper

11th Standard

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Commerce

Time : 02:00:00 Hrs
Total Marks : 50
    8 x 1 = 8
  1. Electronic banking can be done through

    (a)

    Computers

    (b)

    Mobile Phones

    (c)

    ATM

    (d)

    All of the above

  2. Minimum how much amount can be transferred through RTGS?

    (a)

    Any Amount

    (b)

    Rs. 50,000

    (c)

    Rs. 2 Lakhs

    (d)

    Rs. 5 Lakhs

  3. In which kind of account, it is compulsory to deposit certain amount at certain time?

    (a)

    Savings Deposit

    (b)

    Fixed Deposit

    (c)

    Current Deposit

    (d)

    Recurring Deposit

  4. Which of the following is not a type of advance provided by the commercial bank?

    (a)

    Collection and Supplying Business information

    (b)

    Overdraft

    (c)

    Cash Credit

    (d)

    Discounting of Bills

  5. Overdraft facility is available for

    (a)

    Savings Bank Account

    (b)

    Fixed Deposit

    (c)

    Current Account

    (d)

    Recurring Deposit

  6. Current Account is normally opened by

    (a)

    Salaried People

    (b)

    Business People

    (c)

    Students

    (d)

    All of these

  7. Salary account of an employee is a

    (a)

    Saving Account

    (b)

    Fixed Deposit Account

    (c)

    Recurring Deposit Account

    (d)

    Current Account

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

    (a)

    Demand Deposit

    (b)

    Time Deposit

    (c)

    Fixed Deposit

    (d)

    Savings Deposit

  9. 7 x 2 = 14
  10. What is Mobile Banking?

  11. Briefly Explain the term - Credit Card.

  12. What do you mean by ATM?

  13. Write a note on - ECS.

  14. What is Gift cheques?

  15. Give the features of Smart card.

  16. What is 'Overdraft? 

  17. 6 x 3 = 18
  18. What is E-Banking?

  19. Write a Short note on - RTGS.

  20. Explain - NEFT.

  21. Define Cheque

  22. Explain Factoring

  23. List down the features of a bank.

  24. 2 x 5 = 10
  25. Discuss the various Primary functions performed by the Commercial banks.

  26. Explain the various Secondary functions of commercial banks.

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