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11th Standard English Medium Commerce Subject Functions of Commercial banks Creative 1 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5
  1. Anything written on the back of a negotiable instrument is__________.

    (a)

    endorsement

    (b)

    crossing

    (c)

    not negotiable

    (d)

    full crossing

  2. Definition of cheque is given in_________.

    (a)

    Company's Act 1956

    (b)

    Income Tax Act 1961

    (c)

    Negotiable Instrument Act 1881

    (d)

    Banking Regulation Act

  3. Expansion of NEFT is__________.

    (a)

    Net Economy Fertilizers Trend

    (b)

    National Electronic Funds Transfer

    (c)

    National Election Federation Technique

    (d)

    None of these

  4. Expansion of ECS is__________.

    (a)

    Electronic Clearing Service

    (b)

    Economic Census System

    (c)

    Electric Circuit System

    (d)

    None of these

  5. IMPS stands for__________.

    (a)

    Integrated Machine Power System

    (b)

    Immediate Payment System

    (c)

    Immediate Machine Power supply

    (d)

    None of these

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