Money and Banking in India Class 12 MCQ Questions and Answers for Practice

1. We should keep our savings with banks because

1. It is safe
2. Earns interest
3. Can be withdrawn anytime
4. All of above

2. Bank does not give loan against

1. Gold Ornaments
2. LIC policy
3. Lottery ticket
4. NSC

3. ..............are not covered under PMJDY Life Insurance Scheme of Rs.30,000/-

1. Employees of Central / State Govt. / Public Sector Undertakings / Banks
2. Income Tax Payee
3. Aam Aadmi Bima Yojana beneficiaries
4. All of above

4. 100/- Rupee note is signed by

1. Prime Minister
2. Finance Minister
3. RBI Governor
4. None of above

5. Aadhaar is

1. 12 digit number card
2. Identity proof issued by UIDAI
3. Both a and b
4. None of above

6. Account payee cheques can be paid

1. At cash counter of Bank
2. At ATM
3. By deposit in Bank account
4. None of above

7. ATM can be used for

1. Cash withdrawal
2. Account enquiry
3. Statement of account
4. All of above

8. ATM means

1. Any Time Money
2. Auto Truck of Mahindra
3. Automated Teller Machine
4. None of above

9. ATM password should be kept in

1. Personal diary
2. Office diary
3. Memory
4. All of above

10. ATM password to be shared only with

1. Spouse
2. Obedient son
3. Obedient daughter
4. None of above

11. Bank charges interest on

1. Deposits
2. Loans
3. Both a and b
4. None of above

12. Bank does not provide loans for

1. Crop loans
2. Education loans
3. Home loans
4. Drinking and Gambling

13. Bank draft is issued by

1. Private Sector Banks
2. Regional Rural Banks
3. Public Sector Banks
4. All of above

14. Bank having maximum number of branches in India

1. Reserve Bank of India
2. State Bank of India
3. Punjab National Bank
4. Bank of Baroda

15. Bank Pass Book is

1. Issued by Bank
2. Contains transaction details of Bank account
3. Shows balance in account
4. All of above