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12th Standard Economics Banking English Medium Free Online Test One Mark Questions 2020 - 2021

12th Standard

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Economics

Time : 00:20:00 Hrs
Total Marks : 20

    Answer all the questions

    20 x 1 = 20
  1. A Bank is a

    (a)

    Financial institution

    (b)

    Corporate

    (c)

    An Industry

    (d)

    Service institutions

  2. Central bank is_____ authority of any country.

    (a)

    Monetary

    (b)

    Fiscal

    (c)

    Wage

    (d)

    National Income

  3. Repo Rate means.

    (a)

    Rate at which the Commercial Banks are willing to lend to RBI

    (b)

    Rate at which the RBI is willing to lend to commercial banks

    (c)

    Exchange rate of the foreign bank

    (d)

    Growth rate of the economy

  4. ARDC started functioning from

    (a)

    June 3, 1963

    (b)

    July 3, 1963

    (c)

    June I, 1963

    (d)

    July I, 1963

  5. Expansions of ATM

    (a)

    Automated Teller Machine

    (b)

    Adjustment Teller Machine

    (c)

    Automatic Teller mechanism

    (d)

    Any Time Money

  6. Banks issue traveler's cheques to_______

    (a)

    Group of people

    (b)

    Family

    (c)

    Individual

    (d)

    Couple

  7. "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

  8. The minimum amount for RTGS transfer is____________

    (a)

    2lakhs

    (b)

    2.5 lakhs

    (c)

    3lakhs

    (d)

    4lakhs

  9. __________refers to bank loans and advances

    (a)

    Credit creation

    (b)

    Exchange rate

    (c)

    Bank credit

    (d)

    Bank debit

  10. ________started functioning from Ist July 1963.

    (a)

    ARDC

    (b)

    IMF

    (c)

    RBI

    (d)

    SBI

  11. Match the items in the List – I with items in List – II. Select the correct answer from the code given below:

    List - I List - II
    I. The Central Bank of Chin 1. 1935
    II. The Reserve Bank of New Zealan 2. 1934
    III. The Reserve Bank of India 3. 1928
    IV. Central Bank of Ceylon 4. 195
    (a)
    I II III IV
    3 2 1 4
    (b)
    I II III IV
    2 4 1 3
    (c)
    I II III IV
    2 3 4 1
    (d)
    I II III IV
    1 2 3 4
  12. Demand Deposits refers to deposits that can be withdrawn by individuals _____ to the bank.

    (a)

    without any prior notice

    (b)

    with prior notice

    (c)

    both a and b are correct

    (d)

    none of the above

  13. ______ implies that commercial banks provide some utility services to customers by performing various functions.

    (a)

    Moral Suasion

    (b)

    General Utility Functions

    (c)

    Open market operation

    (d)

    Credit rationing

  14. Find the incorrect answer.

    (a)

    A non-banking financial institution (NBFI) and non-bank financial company (NBFC) are same.

    (b)

    A non-banking financial institution (NBFI) and non-bank financial company (NBFC) are not same, both are financial intermediaries.

    (c)

    A non-banking financial institution (NBFI) and non-bank financial company (NBFC) are not financial intermediaries.

    (d)

    All the above are incorrect

  15. Under which Act, every bank has to obtain a banking license from RBI to conduct banking business in India.

    (a)

    Sec 32 of Banking Regulation Act

    (b)

    Baking Act of Parliament

    (c)

    Sec 22 of Banking Regulation Act

    (d)

    None of the above

  16. Find the odd one.

    (a)

    Rationing of Credit

    (b)

    Bank Rate

    (c)

    Open Market Operations

    (d)

    Variable Cash Reserve Ratio

  17. Expand ARDC

    (a)

    The Agricultural Restructure Development Corporation

    (b)

    The Agricultural Refinance Departmental Corporation

    (c)

    The Agricultural Refinance Development Company

    (d)

    The Agricultural Refinance Development Corporation

  18. Expand SIDC

    (a)

    State Industrial Development Company

    (b)

    Small Industrial Development Corporation

    (c)

    State Investment Development Corporation

    (d)

    State Industrial Development Corporation

  19. Expansionary policy is ______ when a monetary authority uses its tools to stimulate the economy

    (a)

    Fiscal Policy

    (b)

    cheap money policy

    (c)

    monetary policy

    (d)

    Tax policy

  20. Expand RTGS

    (a)

    Read Time Gross Settlement

    (b)

    Real Time Gross Settlement

    (c)

    Real Time Cross Settlem

    (d)

    Recovery Time Gross Settlement

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