11th Standard EM - Commerce - Functions of Commercial banks

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Question - 1

Electronic banking can be done through _____________

  • A Computers
  • B Mobile Phones
  • C ATM
  • D All of the above

Question - 2

Minimum how much amount can be transferred through RTGS?

  • A Any Amount
  • B 50,000
  • C 2 Lakhs
  • D 5 Lakhs

Question - 3

The largest commercial bank of India ____________

  • A ICICI
  • B SBI
  • C PNB
  • D RBI

Question - 4

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

Question - 5

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

  • A Collection and Supplying Business information
  • B Overdraft
  • C Cash Credit
  • D Discounting of Bills

Question - 6

When money is deposited for a Fixed period it is called _________

  • A Fixed Deposit
  • B Savings Deposit
  • C Recurring Deposit
  • D Current Deposit

Question - 7

Overdraft facility is available for ___________

  • A Savings Bank Account
  • B Fixed Deposit
  • C Current Account
  • D Recurring Deposit

Question - 8

Time Deposits are also called as ___________

  • A Demand Deposits
  • B Term Deposits
  • C Government Deposits
  • D Bank Deposits

Question - 9

Which one of the following is not a primary function of Commercial Banks?

  • A Accepting Deposits
  • B Lending Money
  • C Safety Locker Facilities
  • D None of these

Question - 10

Current Account is normally opened by ___________

  • A Salaried People
  • B Business People
  • C Students
  • D All of these