Money and Banking in India Class 12 Multiple Choice Questions and Answers for Practice

16. Bank provides loans for

1. Home
2. Car
3. Education
4. All of above

17. Banks pays interest on

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

18. Business Correspondent means

1. An agent who provides banking services
2. An agent of business house
3. A type of money lender
4. None of above

19. Can illiterate person be issued Debit card?

1. No
2. Yes
3. Only in case of joint account
4. Only in case he is head of family

20. Coins are issued by

1. Government of India
2. NABARD
3. Public sector banks
4. State Bank of India

21. Contents of locker are

1. only known to hirer
2. known to Bank
3. Both a and b
4. None of above

22. Currency notes are issued by

1. RBI
2. NABARD
3. Public sector banks
4. Central Government

23. Defaulter of loan means

1. Not paying loan instalments
2. Bad reputation
3. Illegal activities
4. None of above

24. E or S means

1. East or South zone
2. Easy and Swift
3. Either or Survivor
4. None of above

25. Education Loans

1. Cover tuition fee and expenses
2. Are repayable after completion of course
3. Granted for studies in India and abroad
4. All of above

26. Fixed Deposit can

1. not be withdrawn before maturity
2. paid only after maturity
3. withdrawn before maturity
4. All of above

27. General Insurance relates to insurance against

1. Fire
2. Theft
3. Burglary
4. All of above

28. Gold and silver ornaments should be kept in bank lockers

1. It is safe
2. No risk of theft
3. Both a and b
4. None of above

29. Highest denomination of currency notes issued by RBI is

1. Rs.100/-
2. Rs.500/-
3. Rs.1,000/-
4. Rs.10,000/-

30. If locker rent is not paid, Bank can

1. seal the locker
2. stop operation of locker
3. break open the locker after giving suitable notice
4. All of above