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

1. We should keep our savings with banks because

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 Can be withdrawn anytime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

2. Bank does not give loan against

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

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

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

4. 100/- Rupee note is signed by

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

5. Aadhaar is

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

6. Account payee cheques can be paid

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

7. ATM can be used for

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

8. ATM means

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

9. ATM password should be kept in

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

10. ATM password to be shared only with

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

11. Bank charges interest on

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

12. Bank does not provide loans for

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

13. Bank draft is issued by

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

14. Bank having maximum number of branches in India

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

15. Bank Pass Book is

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