CBSE Class 12 Money and Banking Multiple Choice Questions with Answers. MCQ Questions Class 12 Money and Banking with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 12 Money and Banking with Answers to know their preparation level.
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MCQ Questions Class 12 Money and Banking with Answers - Set - 4
Question 1:
Which is the Agency Function of Commercial Banks?
(a) Advancing Loans
(b) Accepting Deposits
(c) Act as Trustee
(d) Locker Facility
Correct Answer – (C)
Question 2:
What type of loan is advanced by Commercial Banks?
(a) Cash Credit
(b) Overdraft
(c) Loan and Advance
(d) All of these
Correct Answer – (D)
Question 3:
The primary function of Commercial Bank is?
(a) Accepting Deposits
(b) Advancing Loans
(c) Credit Creation
(d) All of these
Correct Answer – (D)
Question 4:
Which of the following is not a function of money?
(a) Medium of exchange
(b) Price stability
(c) Store of value
(d) Unit of account
Correct Answer – (B)
Question 5:
Money is a matter which is:
(a) a measure of value
(b) accepted as a means of exchange
(c) used to store wealth
(d) All of these
Correct Answer – (D)
MCQ Questions Class 12 Money and Banking With Answers
Question 6:
Which function is the Secondary Function of Commercial Banks?
(a) Agency Function
(b) General Utility Function
(c) Social Function
(d) All of these
Correct Answer – (D)
Question 7:
Deposits accepted by the Commercial Banks:
(a) Current Deposits
(b) Saving Deposits
(c) Time Deposits
(d) All of these
Correct Answer – (D)
Question 8:
Which one is the Bank of the Public?
(a) Commercial Bank
(b) Central Bank
(c) Both (a) and (b)
(d) None of the above
Correct Answer – (A)
Question 9:
By supply of money we mean :
(a) Money deposited in the bank
(b) Money available with the public
(c) Deposits with post office savings bank
(d) All of these
Correct Answer – (D)
Question 10:
The functions of money include:
(a) Value determination
(b) Store of value
(c) Means of exchange
(d) All of these
