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Functions of Commercial banks Model Question Paper

11th Standard

    Reg.No. :
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Commerce

Time : 02:00:00 Hrs
Total Marks : 50
    8 x 1 = 8
  1. Electronic banking can be done through _____________

    (a)

    Computers

    (b)

    Mobile Phones

    (c)

    ATM

    (d)

    All of the above

  2. Minimum how much amount can be transferred through RTGS?

    (a)

    Any Amount

    (b)

    50,000

    (c)

    2 Lakhs

    (d)

    5 Lakhs

  3. In which kind of account, it is compulsory to deposit certain amount at certain time?

    (a)

    Savings Deposit

    (b)

    Fixed Deposit

    (c)

    Current Deposit

    (d)

    Recurring Deposit

  4. Which of the following is not a type of advance provided by commercial bank?

    (a)

    Collecting and Supplying Business information

    (b)

    Overdraft

    (c)

    Cash Credit

    (d)

    Discounting of Bills

  5. Overdraft facility is available for ___________

    (a)

    Savings Bank Account

    (b)

    Fixed Deposit

    (c)

    Current Account

    (d)

    Recurring Deposit

  6. Current Account is normally opened by ___________

    (a)

    Salaried People

    (b)

    Business People

    (c)

    Students

    (d)

    All of these

  7. Salary account of an employee is a ____________

    (a)

    Saving Account

    (b)

    Fixed Deposit Account

    (c)

    Recurring Deposit Account

    (d)

    Current Account

  8. ______ deposits are repayable on demand on any day.

    (a)

    Demand Deposit

    (b)

    Time Deposit

    (c)

    Fixed Deposit

    (d)

    Savings Deposit

  9. 7 x 2 = 14
  10. What is Mobile Banking?

  11. Write a short notes on Credit card.

  12. What do you mean by ATM?

  13. Write a note on - ECS.

  14. What is Gift cheques?

  15. Give the features of Smart card.

  16. What is Overdraft? 

  17. 6 x 3 = 18
  18. What is E-Banking?

  19. Write a short note on – RTGS.

  20. Explain - NEFT.

  21. Explain Factoring.

  22. List down the features of a bank.

  23. 2 x 5 = 10
  24. Discuss the various Primary functions performed by the Commercial banks. (any 5)

  25. Explain the various Secondary functions of commercial banks. (any 5)

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