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12th Standard Economics Banking English Medium Free Online Test One Mark Questions with Answer Key 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 Commercial Bank is an institutions that provides services

    (a)

    Accepting deposits

    (b)

    Providing loans

    (c)

    Both a and b

    (d)

    None of the above

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

    (a)

    SBI

    (b)

    NABARD

    (c)

    ICICI

    (d)

    RBI

  3. Bank Rate means.

    (a)

    Re-discounting the first class securities

    (b)

    Interest rate

    (c)

    Exchange rate

    (d)

    Growth rate

  4. Moral suasion refers.

    (a)

    Optimization

    (b)

    Maximization

    (c)

    Persuasion

    (d)

    Minimization

  5. NABARD was set up in

    (a)

    July 1962

    (b)

    July 1972

    (c)

    July 1982

    (d)

    July 1992

  6. Online Banking is also known as.

    (a)

    E-Banking

    (b)

    Internet Banking

    (c)

    RTGS

    (d)

    NEFT

  7. Credit creation means the________

    (a)

    Multiplication of loans and advances

    (b)

    Money supply

    (c)

    Letter of credit

    (d)

    All the above

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

    (a)

    trade

    (b)

    commerce

    (c)

    agriculture

    (d)

    all the above

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

    (a)

    1960

    (b)

    1966

    (c)

    1963

    (d)

    1967

  10. _______means multiplication of loans and advances.

    (a)

    Exchange rate

    (b)

    Bank rate

    (c)

    Bank credit

    (d)

    Credit creation

  11. _______means re-discounting the first class securities.

    (a)

    Exchange rate

    (b)

    Bank rate

    (c)

    Interest rate

    (d)

    All the above

  12. _________was set up in July 1982

    (a)

    ARDC

    (b)

    NABARD

    (c)

    ICICI

    (d)

    Indian Bank

  13. Identify the odd one.

    (a)

    Bank of Imperial (1921)

    (b)

    Bank of Bengal (1809)

    (c)

    Bank of Bombay (1840)

    (d)

    Bank of Madras (1843)

  14. In which of the following, the owners of these deposits are allowed to withdraw money anytime by writing a withdrawal slip or a cheque at the bank counter or from ATM centres using debit card?

    (a)

    Saving Deposits

    (b)

    Demand Deposits

    (c)

    Time deposits

    (d)

    None of the above

  15. The modern banks create deposits in two way,they are _____ deposit and ______ deposit

    (a)

    primary, derived

    (b)

    secondary, derived

    (c)

    primary, divided

    (d)

    preventable, divided

  16. The NBFIs do not carry on pure _____ business, but they will carry on other financial transactions

    (a)

    banking

    (b)

    financing

    (c)

    cooperating

    (d)

    none of the above

  17. Who is “Lender of Last Resort”?

    (a)

    World Bank

    (b)

    Government

    (c)

    RBI

    (d)

    Private Bank

  18. Which is not a Function of Agriculture Credit Department:

    (a)

    To maintain an expert staff to study all questions on agricultural credit;

    (b)

    To provide expert advice to Central and State Government, State Co-operative Banks and other banking activities.

    (c)

    To finance the rural sector through eligible institutions engaged in the business of agricultural credit and to coordinate their activities.

    (d)

    it provides loan to banks, accept deposit of banks, and re-discount the bills of banks.

  19. Expand ICIC

    (a)

    Investment Credit and Industrial Corporation of India

    (b)

    Industrial Credit and Investment Corporation of India

    (c)

    Industrial Credit and Investment Committee of India

    (d)

    Industrial Committee and Investment Corporation of India

  20. Online banking, also known as ______

    (a)

    internet banking

    (b)

    Web banking

    (c)

    Mobile banking

    (d)

    speed banking

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