Banking One Mark Question

12th Standard EM

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

Time : 00:30:00 Hrs
Total Marks : 15
    10 x 1 = 10
  1. NBFI does not have.

    (a)

    Banking license

    (b)

    government approval

    (c)

    Money market approval

    (d)

    Finance ministry approval

  2. Central bank is_____ authority of any country.

    (a)

    Monetary

    (b)

    Fiscal

    (c)

    Wage

    (d)

    National Income

  3. Who will act as the banker to the Government of India?

    (a)

    SBI

    (b)

    NABARD

    (c)

    ICICI

    (d)

    RBI

  4. Credit creation means the________

    (a)

    Multiplication of loans and advances

    (b)

    Money supply

    (c)

    Letter of credit

    (d)

    All the above

  5. "Commercial banks are the institutions that make short term loans to business and in the process create money" was said by_______

    (a)

    Culbertson

    (b)

    Adam smith

    (c)

    Ricardo

    (d)

    J.M. Keynes

  6. Finance is the life blood of all economic activities such as________

    (a)

    trade

    (b)

    commerce

    (c)

    agriculture

    (d)

    all the above

  7. The modern banks create deposits in ________ways

    (a)

    1

    (b)

    2

    (c)

    3

    (d)

    4

  8. Primary deposits are also called as________

    (a)

    passive deposits

    (b)

    fixed deposit

    (c)

    time deposit

    (d)

    botha' and 'b'

  9. The minimum amount for RTGS transfer is____________

    (a)

    2lakhs

    (b)

    2.5 lakhs

    (c)

    3lakhs

    (d)

    4lakhs

  10. ATM's transformed the bank tech systemjwhen they were first introduced in_________

    (a)

    1960

    (b)

    1966

    (c)

    1963

    (d)

    1967

  11. 5 x 1 = 5
  12. Crustave Cassel, and Keynes

  13. (1)

    No Minimum limit

  14. Per capita income

  15. (2)

    Price stability

  16. NEFT

  17. (3)

    Economic growth

  18. Bank of Hindustan

  19. (4)

    1770

  20. Bank of Bengal

  21. (5)

    1809

*****************************************

TN 12th Standard EM Economics free Online practice tests

Reviews & Comments about 12th Economics Chapter 6 Banking One Mark Question and Answer

Write your Comment