CBSE Class 12 Economics Money and Banking Quiz 4

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CBSE › Class 12 › Economics › Money and Banking

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1. What type of loan is advanced by Commercial Banks?

A Cash Credit B Overdraft C Loan and Advance D All of these

2. Which function is the Secondary Function of Commercial Banks?

A Agency Function B General Utility Function C Social Function D All of these

3. Which is the Agency Function of Commercial Banks?

A Advancing Loans B Accepting Deposits C Act as Trustee D Locker Facility

4. Credit money is increased when CRR:

A Falls B Rises C Both (a) and (b) D None of these

5. The full form of ATM is:

A Any Time Money B All Time Money C Automated Teller Machine D Both (a) and (b)

6. The main function of a commercial bank is:

A Credit control B Loaning to other banks C Accept deposits from customers D All the above

7. What is the Central Bank of India?

A Commercial Bank B Central Bank C Private Bank D None of these

8. Commercial banks:

A Issue currency notes B Accepts deposits from customers C Provide loans to customers D Only (b) and (c)

9. What is true for the Central Bank?

A Apex Bank of the Country B Ownership of the Government C Regulates the entire banking system in the country D All the above

10. Central Bank of India is:

A Reserve Bank of India B State Bank of India C Central Bank of India D Bank of India

Practice more on Money and Banking

Quiz 1 Quiz 2 Quiz 3 Quiz 4 Quiz 5 Quiz 6 Quiz 7 Quiz 8

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