Banking Book Back Practice Test — Class 12 Economics

12th Standard Economics — Banking: Book Back Online Practice Test

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A Bank is a

A.Financial institution B.Corporate C.An Industry D.Service institutions

A Commercial Bank is an institution that provides services

A.Accepting deposits B.Providing loans C.Both a and b D.None of the above

The Functions of commercial banks are broadly classified into

A.Primary Functions B.Secondary functions C.Other functions D.a, b, and c

Bank credit refers to

A.Bank Loans B.Advances C.Bank loans and advances D.Borrowings

Credit creation means.

A.Multiplication of loans and advances B.Revenue C.Expenditure D.Debt

NBFI does not have.

A.Banking license B.government approval C.Money market approval D.Finance ministry approval

Central bank is --------------- authority of any country.

A.Monetary B.Fiscal C.Wage D.National Income

Who will act as the banker to the Government of India?

A.RBI B.NABARD C.ICICI D.RBI

Lender of the last resort is one of the functions of.

A.Central Bank B.Commercial banks C.Land Development Banks D.Co-operative banks

Q10

Bank Rate means.

A.Re-discounting the first class securities B.Interest rate C.Exchange rate D.Growth rate

Q11

Repo Rate means the

A.Rate at which the Commercial Banks are willing to lend to RBI B.Rate at which the RBI is willing to lend to commercial banks C.Exchange rate of the foreign bank D.Growth rate of the economy

Q12

Moral suasion refers.

A.Optimization B.Maximization C.Persuasion D.Minimization

Q13

ARDC started functioning from

A.June 3, 1963 B.July 3, 1963 C.June 1, 1963 D.July 1, 1963

Q14

NABARD was set up in.

A.July 1962 B.July 1972 C.July 1982 D.July 1992

Q15

EXIM bank was established in.

A.June 1982 B.April 1982 C.May 1982 D.March 1982

Q16

The State Financial Corporation Act was passed by

A.Government of India B.Government of Tamilnadu C.Government of Union Territories D.Local Government

Q17

Monetary policy is formulated by

A.Co-operative banks B.Commercial banks C.Central Bank D.Foreign banks

Q18

Online Banking is also known as

A.E-Banking B.Internet Banking C.RTGS D.NEFT

Q19

Expansions of ATM

A.Automated Teller Machine B.Adjustment Teller Machine C.Automatic Teller mechanism D.Any Time Money

Q20

2016 Demonetization of currency includes denominations of

A.₹500 and ₹1000 B.₹1000 and ₹2000 C.₹200 and ₹500 D.All the above

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About this Banking test

This free online practice test covers Banking from the 12th Standard Economics (Samacheer Kalvi) syllabus. Choose the number of questions and an optional time limit, then answer and submit — everything is checked in your browser, with the correct answers and a worked explanation shown at the end. For the full solutions to every question in this set, see the solved MCQs page.

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