Money and Banking in India Class 12 MCQ Questions and Answers Quiz

21. Contents of locker are

  1. only known to hirer
  2. known to Bank
  3. Both a and b
  4. None of above

22. Currency notes are issued by

  1. RBI
  3. Public sector banks
  4. Central Government

23. Defaulter of loan means

  1. Not paying loan instalments
  2. Bad reputation
  3. Illegal activities
  4. None of above

24. E or S means

  1. East or South zone
  2. Easy and Swift
  3. Either or Survivor
  4. None of above

25. Education Loans

  1. Cover tuition fee and expenses
  2. Are repayable after completion of course
  3. Granted for studies in India and abroad
  4. All of above

26. Fixed Deposit can

  1. not be withdrawn before maturity
  2. paid only after maturity
  3. withdrawn before maturity
  4. All of above

27. General Insurance relates to insurance against

  1. Fire
  2. Theft
  3. Burglary
  4. All of above

28. Gold and silver ornaments should be kept in bank lockers

  1. It is safe
  2. No risk of theft
  3. Both a and b
  4. None of above

29. Highest denomination of currency notes issued by RBI is

  1. Rs.100/-
  2. Rs.500/-
  3. Rs.1,000/-
  4. Rs.10,000/-

30. If locker rent is not paid, Bank can

  1. seal the locker
  2. stop operation of locker
  3. break open the locker after giving suitable notice
  4. All of above

MCQ Multiple Choice Questions and Answers on Money and Banking in India Class 12

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Money and Banking in India Class 12 Question and Answer

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