B.Com 3rd Year Money and financial Online Test Content in The Article Toggle MONEY AND FINANCIAL SYSTEM ONLINE TESTMoney and Financial System Chapter 1st = Money: Definition, Functions and ImportanceMoney: Definition, Functions and ImportancePlease Give Your InformationFor start the QuizMoney and Financial System Chapter 2nd = Concept of Money SupplyPlease Give Your InformationFor start the QuizMoney and Financial System Chapter 3rd = Finance Meaning, Types and ImportancePlease Give Your InformationFor start the QuizMoney and Financial System Chapter 4th = Financial SystemPlease Give Your InformationFor start the QuizMoney and Financial System Chapter 5th = Bank: Definition and FunctionsPlease Give Your InformationFor start the QuizMoney and Financial System Chapter 6th = Structure of Commercial Banking in IndiaPlease Give Your InformationFor start the QuizMoney and Financial System Chapter 7th = Balance Sheet ofBalance Sheet ofPlease Give Your InformationFor start the QuizMoney and Financial System Chapter 8th = Regional Rural BanksRegional Rural BanksPlease Give Your InformationFor start the Quiz Money and Financial System Chapter 9th = Co-operative Banking in IndiaCo-operative Banking in IndiaPlease Give Your InformationFor start the QuizMoney and Financial System Chapter 10th = Process of Credit CreationProcess of Credit CreationPlease Give Your InformationFor start the QuizMoney and Financial System Chapter 11th = Development BanksDevelopment BanksPlease Give Your InformationFor start the QuizMoney and Financial System Chapter 12th = Unregulated Credit Market in IndiaPlease Give Your InformationFor start the QuizMoney and Financial System Chapter 13 =Reserve Bank of IndiaReserve Bank of IndiaPlease Give Your InformationFor start the QuizMoney and Financial System Chapter 14 = Monetary PolicyPlease Give Your InformationFor start the Quiz Money and Financial System Chapter 5th = Bank: Definition and Functions /43 0 This Quiz Time only 10 minutes Your Time is Finish 10 minutes Thanks for Giving This Test. All Question Bank: Definition and Functions Bank: Definition and Functions Please Give Your Information For start the Quiz NameEmailPhone Number 1 / 43 44, Those banks of which the total capital is less than 5 crore. termed as: Scheduled Banks Non-scheduled Bank Rural Banks None of these 2 / 43 43, Reserve Bank has no specific control on: Scheduled Bank Non-scheduled Banks Regional Rural Bank None of these 3 / 43 42, Scheduled bank must be a Corporated firm Partnership firm Single owner firm None of these 4 / 43 41. Scheduled Bank must have a paid up capital and reserves of an aggregate value of: At least 50 lakhs At least 5 lakhs At least 5 crore None of these 5 / 43 40, The bank which is included in the second schedule Reserve Bank is termed as: Scheduled Bank Public Bank Private Bank Non-scheduled Bank 6 / 43 39, Amount deposited for a fixed period in the bank account is termed as: Demand Liability Time Liability Current Liability None of these 7 / 43 38. Commercial banks are established generally in the form of: Partnership Joint Stock Company Government Company None of these 8 / 43 37, The banks which perform general banking functions are termed as: Co-operative Banks Commercial Banks Central Banks None of these 9 / 43 36. Which banking system is followed in India? Branch Banking Unit Banking Both (a) and (b) All of these 10 / 43 35. Which bank is functioning as a Central Bank of India? Reserve Bank of India State Bank of India Punjab National Bank- All of these 11 / 43 34, Imperial Bank of India was established in: 1865 1881 1894 1921 12 / 43 33. Punjab National Bank was established in: 1806 1865 1881 1894 13 / 43 32, Allahabad Bank was established in: 1806 1865 1881 1894 14 / 43 31, Banks are regulated by: SEBI RBI Company Law Baord Registrar of Companies 15 / 43 30, Interest is not paid by bank on: Savings A/C Fixed Deposit A/C Current A/C Recurring Deposit A/C 16 / 43 29. Which of the following in not a source of bank funds? Share capital Deposits Loans Overdraft 17 / 43 28. Highest rate of interest is paid on: Savings Account Current Account Fixed Deposits Account None of these 18 / 43 27. ATM facility provides: Loans Liquidity Investment None of these 19 / 43 26. While issuing bill of exchange, banks earn through: Interest Dividend Discount None of these 20 / 43 25. Which one of the following is not the function Commercial Bank? Issue of travellers cheque Creation of Credit Issue of notes None of these 21 / 43 24. Main difference between overdraft and cash credit is: Overdraft is a temporary arrangement and Cash Credit a fixed one Overdraft and Cash Credit is the same things Overdraft is a fixed arrangement and Cash Credit is temporary arrangement None of the above 22 / 43 23. In case of Cash credit, interest: Has to be paid on the amount which actually has withdrawn On the amount which has been accepted On high rate on amount actually taken and on the whole of loan accepted None of the above 23 / 43 22. Types of loans are: Cash credit Overdraft Advances All above 24 / 43 21. The main soruces of supply of funds to a commercial banks is: Deposits from public Borrowing from RBI Borrowing from fellow bankers Borrowing from the money market 25 / 43 20. Under overdraft facilities banks: Charge interest at lower rate High rate of interest is paid on deposits On withdrawing amount more than the deposit amount, interest is charged from the customer None of the above 26 / 43 19. The function of Commercial Bank is: Accepting Deposits Discounting the exchange bills Govt. Finance All of these 27 / 43 18. Banks earn interest on: Deposits Loans Demand Draft Bills of exchange 28 / 43 17. In which account Cheques facilities is not provided by the bank: Fixed deposits Accounts Current Account Saving Account None of these 29 / 43 16. In India Limited Liability bank was established in: 1806 1813 181 1860 30 / 43 15. Which one of the following statement is correct? Commercial bank keep liquidity of their funds Crossed Cheques are paid in cash Short-term Govt. bills are transacted in Indian money market Foreign Exchange Banks do not deal in banking functions 31 / 43 13. The functions of a bank which include collection of cheques, bills, promissory notes, interest payments, sale of stock and securities are called: Agency functions Banking functions General utility services None of these 32 / 43 12. Which of the following are banking functions of a commercial bank? Financing foreign trade Clearing cheques Attraction of deposits All of these 33 / 43 11. The primary function of a commercial bank is: Lending Providing subsidiary services Accepting deposits Accepting deposits and lendings 34 / 43 10. Commercial Bank in India are governed by the: Banking Regulation Act Reserve Bank of India Act Regional Rural Bank Act Negotiable Instrument Act 35 / 43 9, “The business of banking may be briefly defined as dealing in money and instruments of credit”, this is defined by: Kenneth Machenzie Horace White Kinley A.G. Hart 36 / 43 8. “Bank is a manufacturer of credit and a machine for facilitating exchanges”, this definition is given by: Crowther Horace White Kinley A.G. Hart 37 / 43 7. Banking system was started in India: In 18 century In 19 century In 17 century In 16 century 38 / 43 6. Which of the following is first commercial bank of India? Bank of Bengal Avadh Commercial Bank Allahabad Bank None of these 39 / 43 5. In India, first commercial bank was established in: 1806 1881 1819 1820 40 / 43 4. In India, name of first established bank was: Bank of England Bank of Bengal Allahabad Bank None of these 41 / 43 3. In India, bank was first established in: 1806 1808 1816 1809 42 / 43 2. The beginning of modern bank was assumed in: 17 century 16 century 18 century 19 century 43 / 43 1. The term Bank was derived from the Italian word: Banco Bancus Banque All above Your score is LinkedIn Facebook Twitter VKontakte 0% Restart quiz Please Give Your Review Send feedback Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15