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Here, interest is charged on the amount actually withdrawn.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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