Free Printable banking 3

Free Printable Worksheets

Worksheets

banking 3

Total questions: 35

Worksheet time: 26mins

Name

Class

Date

1.

Which bank deals mainly with agricultural credit in India?

a)

Commercial Bank

b)

Development Bank

c)

Cooperative Bank

d)

Central Bank

2.

Which bank is known as the banker's bank?

a)

SBI

b)

RBI

c)

NABARD

d)

ICICI

3.

Which of the following is a development bank?

a)

HDFC Bank

b)

RBI

c)

IDBI

d)

SBI

4.

Regional Rural Banks mainly serve:

a)

Urban areas

b)

Industrial areas

c)

Rural and semi-urban areas

d)

Metropolitan cities

5.

Accepting deposits is a:

a)

Secondary function

b)

Primary function

c)

Agency function

d)

Utility function

6.

Which of the following is a secondary function of banks?

a)

Accepting deposits

b)

Granting loans

c)

Agency services

d)

Credit creation

7.

Credit creation refers to:

a)

Printing money

b)

Lending more than deposits

c)

Creation of deposits through loans

d)

Issuing currency

8.

Which is NOT a function of a commercial bank?

a)

Accept deposits

b)

Grant loans

c)

Issue currency notes

d)

Agency services

9.

A negotiable instrument means:

a)

Transferable document

b)

Written promise to pay

c)

Both a and b

d)

Only cheque

10.

Which of the following is a negotiable instrument?

a)

Share certificate

b)

Promissory note

c)

FD receipt

d)

Insurance policy

11.

Main feature of negotiable instruments:

a)

Registration

b)

Transferability

c)

Permanence

d)

Security

12.

Negotiable Instruments Act was passed in:

a)

1881

b)

1934

c)

1949

d)

1956

13.

A bill drawn and payable in the same country is:

a)

Foreign bill

b)

Inland bill

c)

Trade bill

d)

Demand bill

14.

A bill payable on demand is:

a)

Usance bill

b)

Time bill

c)

Demand bill

d)

Trade bill

15.

Trade bill is drawn by:

a)

Banker

b)

Government

c)

Seller on buyer

d)

RBI

16.

Bill payable after fixed period is:

a)

Demand bill

b)

Time bill

c)

Inland bill

d)

Bearer bill

17.

Main purpose of crossing a cheque:

a)

Speed

b)

Safety

c)

Cost reduction

d)

Signature

18.

Two parallel lines indicate:

a)

Open cheque

b)

Bearer cheque

c)

Crossed cheque

d)

Blank cheque

19.

Special crossing restricts payment to:

a)

Any bank

b)

Particular bank

c)

Bearer

d)

Drawer

20.

Cheque payable to named person:

a)

Bearer cheque

b)

Order cheque

c)

Open cheque

d)

Crossed cheque

21.

Cheque encashed at counter:

a)

Crossed cheque

b)

Bearer cheque

c)

Account payee

d)

Post-dated

22.

Cheque with future date:

a)

Stale cheque

b)

Ante-dated

c)

Post-dated

d)

Open cheque

23.

Cheque presented after 3 months becomes:

a)

Order cheque

b)

Crossed cheque

c)

Stale cheque

d)

Bearer cheque

24.

KYC stands for:

a)

Know Your Credit

b)

Know Your Customer

c)

Keep Your Cash

d)

Know Capital

25.

KYC helps prevent:

a)

Inflation

b)

Money laundering

c)

Tax payment

d)

Loan default

26.

Which is required for KYC?

a)

PAN

b)

Address proof

c)

Identity proof

d)

All of the above

27.

Minor's account is operated by:

a)

Bank

b)

Guardian

c)

RBI

d)

Government

28.

Best account for business transactions:

a)

Savings

b)

FD

c)

Current

d)

RD

29.

Bank account can be closed by:

a)

Bank only

b)

Customer only

c)

Both

d)

RBI

30.

Safety principle refers to:

a)

Profit

b)

Liquidity

c)

Repayment assurance

d)

Interest

31.

Liquidity means:

a)

Long-term loan

b)

High interest

c)

Easy cash conversion

d)

Risk

32.

Principle ensuring income:

a)

Safety

b)

Liquidity

c)

Profitability

d)

Shiftability

33.

Lending to agriculture supports:

a)

Profitability

b)

Safety

c)

National interest

d)

Liquidity

34.

Safety margin means:

a)

Full value lent

b)

No security

c)

Lending less than value

d)

High interest

35.

Diversification reduces:

a)

Income

b)

Risk

c)

Deposits

d)

Liquidity

100 %

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