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Commerce
Function Of Commercial Banks
Quiz 2
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Q.1
Refer to deposits that are for certain period of time.
Fixed Deposits
Current account Deposits
savings deposits
Deposit
Q.2
These are deposits whose main objective is to save.
Fixed Deposits
Savings Deposits
Current Account deposits
Non Current Account Deposit
Q.3
The banks collect checks and bills of exchange on the behalf of their customers
collecting income
collecting checks
paying expenses
loans
Q.4
Commercial banks collect dividends, pension, salaries, rents, and interests on investments on behalf of their customers.
collecting checks
paying expenses
collecting income
collecting voucher
Q.5
Commercial banks provide locker facilities to its customers for safe keeping of?
Jewelry
Shares
Debentures
All of the above
Q.6
An organization that produces the traveler’s cheque.
Purchaser
Agent
Issuer or Obligor
None of the above
Q.7
Here, the interest is charged on the full amount of the loan
Cash Loan
Short-term Loan
Demand Loan
None of these
Q.8
Here, interest is charged on the amount actually withdrawn. What am I?
Demand Loan
Cash Loan
Short-term Loan
None of the above
Q.9
Generally, loans are of how many types?
5
6
7
3
Q.10
In this type of deposit, interest is charged from the customer
Fixed Deposit
Demand deposit
Saving deposits
none of the above
Q.11
Deposits are of how many types___
5
2
1
3
Q.12
Which of them is an example of Commercial banks
Easy Day
HDFC
Nike
RBI
Q.13
I'm an institution which performs the function of accepting deposits, lending funds & making an investment with the main aim of profit maximization.What am I?
Commercial Bank
Central Bank
Government
None of these
Q.14
For the process of credit creation all the deposits (liabilities) of the bank are in the form of _____________
Demand deposits
Time deposits
Saving deposits
Foreign currency deposits
Q.15
The part of deposits kept with the central bank is called:
Cash reserve
Margin
Interest rate
All of these
Q.16
For the bank, the amount of money in the account of the accountholder is called:
Profit
Deposit
Interest
Loan
Q.17
Which of the following is NOT a function of the commercial banks?
Receiving deposits
Issuing Loans
Rediscounting of Bill
Safe custody to Valuables
Q.18
Credit creation is done under which of the following methods?
Making Investment
Providing Loans
Discounting of Bill
All of the above
Q.19
Which bank accepts the deposits from the public?
Commercial Banks
State Bank
Mortgage Bank
All of the above
Q.20
Credit money in the country is created by:
Central Bank
Commercial Bank
Saving Banks
Agriculture Banks
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