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- 1. Multiple Choice
Banks provide a higher rate of interest on which of the following accounts?
Saving account
Fixed account for long period of time
Current account
Fixed account for short period of time
- 2. Multiple Choice
What percentage of deposits are kept as cash by the commercial banks in India?
25%
20%
15%
10%
- 3. Multiple Choice
What is Statutory Liquidity Reserve?
Statutory Liquidity Reserve is a certain percentage of the total deposits that must be kept with the commercial bank.
Statutory Liquidity Reserve is a certain percentage of the total bank deposits must be kept with the Central Bank of the country (RBI)
- 4. Multiple Choice
An increase in the rate of SLR will;
Increase Lending activities by Commercial Banks
Decrease lending activities by Commercial Banks
Will not impact lending at all
- 5. Multiple Choice
What is the main source of income of a bank?
Bank charges that the depositors pay for ; keeping their money safe is the main ; source of the bank’s income.
The difference between what is charged from the borrowers and paid to the depositors is the main source of bank’s income.
Banks earn huge amounts of money by investing the money of the depositors in various company shares.
The Government of India gives huge amounts of money to the banks to help their smooth functioning.
- 6. Multiple Choice
An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment refers to;
Debt
Deposit
Credit
Collateral
- 7. Fill in the Blank
The modern forms of money include ____________ and ____________ .
- 8. Fill in the Blank
A ____________ is the apex institution of monetary system of a country.
- 9. Fill in the Blank
Currency (coins and notes) is a ____________ which cannot be refused in payment for transactions.
- 10. Fill in the Blank
The deposits in a bank which are payable on demand are called ____________ .
- 11. Fill in the Blank
Money as a medium of exchange has removed the problem of …………. of wants.
- 12. Multiple Choice
_______________________is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.
Currency
Collateral
Credit Card
- 13. Multiple Choice
How many languages are seen on an Indian Currency note?
15
18
17
16
- 14. Multiple Choice
The service sector includes activities such as:
agriculture, dairy, fishing and forestry
making sugar, jaggery and bricks
transport, communication and banking
- 15. Multiple Choice
Choose the correct meaning of organised sector:
It covers those enterprises where the terms of employment are regular.
It is outside the control of the government.
Jobs are not regular.
It provides low salaries.
- 16. Multiple Choice
A situation in which more persons are employed on a job than are optimally required is:
Seasonal unemployment
Cyclical unemployment
Disguised unemployment
- 17. Multiple Choice
Which of the following examples does not fall under unorganised sector?
A farmer irrigating his field.
A daily wage labourer working for a contractor.
A doctor in a hospital treating a patient.
A handloom weaver working on a loom in her house.
- 18. Multiple Choice
Where will you find the disguised unemployment most? Select the correct option from those given below:
Among agricultural workers working for small farm lands
Among part-time industrial workers
In most of the government offices
In big private companies
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