Banks

Q.

Is ICICI bank public or private?

Q.

What is the meaning of Investment intermediaries?

Q.

Which is the largest commercial bank of India?

Q. Choose the correct order of money in terms of its evolution.

1. Commodity money, Paper money, Metal money, Credit money
2. Commodity money, Metal money, Paper money, Credit money
3. Metal money, Commodity money, Credit money, Paper money
4. Credit money, Metal money, Paper money, Commodity money

Q. How do banks make profits?

1. Deposits are taken by the bank.
2. Deposits are lent out to borrowers.
3. Money is printed by the banks.
4. The RBI gives money to banks.

Q. Which of the following is required to open a bank account?

1. Passing an entrance exam
2. Getting a letter of recommendation
3. Providing proof of banking experience
4. Providing proof of identification and address

Q.

Which of the following accounts is used to record an accrual for expenses?

1. Prepaid rent

2. Unearned revenues.

3. Accounts receivable.

4. Interest payable.

Q.

Sales of shares of an Indian company to a Chinese customer is a ______ item on the ______ of Balance of Payments.

Q. Cheques are like promissory notes, and they can be paid to anyone.

1. False
2. True

Q.

Which Of The Following Is Also Called The Lender Of The Last Resort In India?

1. CBI

2. RBI

3. SBO

4. UTI.

Q. Match the types of money with their examples.

1. Plastic money
2. Bank money
3. E-money
4. Commodity money

Q. What would happen if no one deposits their money in banks?

1. The country cannot grow economically.
2. People can have more money in hand.
3. Banks cannot give loans.
4. Banks can be free from the interest for deposits.

Q. Since money acts as an intermediate in any trade, it is referred to as the ________.

1. medium of exchange
2. store of value
3. measure of value
4. measure of volume

Q.

What is a balance of payment? Give an example

Q. Demand deposits and currency are part of the _______________ .

1. traditional banking system
2. medieval banking system
3. ancient banking system
4. modern banking system

Q. Which of the following refers to written documents used in place of coins used by ancient traders?

1. Paper money
2. Promissory note
3. Government document
4. Legal tender

Q. Which of the following is not a service rendered by banks?

1. Demand drafts
2. Cheques
3. Minting money
4. Debit cards

Q. Tia wrote a cheque of ₹4, 000 to Mia. Identify the changes in their bank accounts.

1. Tia's account balance increases; Mia's account balance increases.
2. Tia's account balance decreases; Mia's account balance increases.
3. Tia's account balance increases; Mia's account balance decreases.
4. Tia's account balance decreases; Mia's account balance decreases.

Q. Banks accept deposit and in return, pay a small amount. This amount is known as .

1. gift
2. interest
3. penalty
4. dividend

Q. Which of the following is/are not the function(s) of banks?

1. Accepting deposits
2. Lending loans
3. Bartering goods
4. Printing currency

Q. Leo is shifting to a new city. Suggest a way for him to safely take all his money.

1. Keep the money in a piggy bank
2. Keep the money in cartons
3. Keep the money in bank as deposit
4. Spend the money before travelling

Q.

Indicate by appropriate integers:

A deposit of $₹400$ in an account.