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FL Assessment-II

Authored by DIYA ACADEMY GRADE 6-10

Social Studies

8th Grade

Used 1+ times

FL Assessment-II
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which year was the Banking Regulation Act passed?

1949

1955

1959

1969

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which among the following is not a public sector bank?

Allahabad Bank

City Union Bank

UCO Bank

Vijaya Bank

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary function of a bank?

  1.  

    •  

  1. Accepting Deposits

  • Fixed Deposits

  • Current Deposits

  •  

  • Savings Deposits

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. What is the process by which commercial banks create money?

  2.  

  •  Accepting New Deposits

  • Through Cash Reserve Ratio

  •  Through Investing

  1. Issue of Loans

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which of these are not a function of the Reserve Bank of India?

  1. Currency printing

  • Credit Controller

  • Coin distribution

  • Foreign currency custodian

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A check written with a future date is known by as _______________.

Stale Cheque

Outdate Cheque

Expired cheque

Postdated Cheque

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______________ were assigned the critical role of delivering agriculture and rural credit.

Co-operative Banks

Commercial Banks

Regional Rural Banks

Development Banks

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