WorksheetsCommercial Banks
Total questions: 15
Worksheet time: 12mins
I'm an institution which performs the function of accepting deposits, lending funds & making an investment with the main aim of profit maximization.
What am I?
Commercial Bank
Central Bank
Government
None of these
In this type of deposit, interest is charged from the customer
Fixed Deposit
Demand deposit
Saving deposits
none of the above
For the bank, the amount of money in the account of the accountholder is called:
Profit
Deposit
Interest
Loan
Which bank accepts the deposits from the public?
Commercial Banks
State Bank
Mortgage Bank
All of the above
_____________ deposits carry high rate of interest.
Demand
Fixed
Short Term
Demand deposit are also known as ___________
Saving Deposit
Fixed Deposit
Time Deposit
Current Deposit
Fixed Deposits are chequable.
True
False
Interest is paid by the bank on Demand Deposits
True
False
The part of deposits kept with the central bank is called:
Cash reserve
Margin
Interest rate
All of these
Which of the following functions are performed by the commercial banks?
Issuance of currency notes
Rediscounting of bills
Preparation of monetary policy
Credit creation
Institutions such as banks that collect funds from savers that can be loaned to borrowers are known as:
Financial intermediaries
Dividends
Financial assets
Credit Unions
