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

1. We should keep our savings with banks because

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 Can be withdrawn anytime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

2. Bank does not give loan against

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

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

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

4. 100/- Rupee note is signed by

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

5. Aadhaar is

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

6. Account payee cheques can be paid

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

7. ATM can be used for

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

8. ATM means

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

9. ATM password should be kept in

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

10. ATM password to be shared only with

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

11. Bank charges interest on

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

12. Bank does not provide loans for

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

13. Bank draft is issued by

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

14. Bank having maximum number of branches in India

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

15. Bank Pass Book is

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