Money and Banking in India Class 12 MCQ Quiz - Multiple Choice Questions & Answers Page 2

11. Bank charges interest on

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

12. Bank does not provide loans for

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

13. Bank draft is issued by

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

14. Bank having maximum number of branches in India

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

15. Bank Pass Book is

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

16. Bank provides loans for

1. Home
2. Car
3. Education
4. All of above

17. Banks pays interest on

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

18. Business Correspondent means

1. An agent who provides banking services
2. An agent of business house
3. A type of money lender
4. None of above

19. Can illiterate person be issued Debit card?

1. No
2. Yes
3. Only in case of joint account
4. Only in case he is head of family

20. Coins are issued by

1. Government of India
2. NABARD
3. Public sector banks
4. State Bank of India