Money and Banking in India Class 12 Question and Answer

71. Which currency note has security thread?

  1. Rs.50/-
  2. Rs.100/-
  3. Rs.500/-
  4. All of above

72. Which is prohibited for writing on currency notes?

  1. Political message
  2. Religious message
  3. Personal message
  4. All of above

73. Which type of deposits earns higher interest rate?

  1. Current account
  2. Savings Account
  3. Fixed Deposits
  4. None of above

74. While making nomination, signature of nominee is required on

  1. Account Opening Form
  2. Nomination form
  3. Affidavit
  4. None of above

75. Who can open an account under PMJDY?

  1. Minor above the age of 10 years
  2. Only lady of the house
  3. Only head of the family
  4. All of above

76. Who can open bank account?

  1. Indian citizen
  2. Non Resident Indian
  3. Illiterate
  4. All of above

77. Who is Bank Mitra?

  1. Banking Correspondents engaged by Banks
  2. Valuable customer of Bank
  3. Security guard in a branch
  4. None of above

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Money and Banking in India Class 12 Question and Answer

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