Top 50+ Solved Functions of Bank MCQ Questions Answer
Q. What percentage of their deposits is kept as cash by the banks in India?
a. 25%
b. 20%
c. 15%
d. 10%
Q. The informal source of credit does not include which one of the following?
a. Traders
b. Friends
c. Cooperative Societies
d. Moneylenders
Q. Which one of the following is the new way of providing loans to the mral poor?
a. Co-operative societies
b. Traders
c. Relatives and friends
d. SHGs
Q. Why is currency accepted as a medium of exchange?
a. Because the currency is authorised by the government of the country.
b. Because it is liked by the people who use it.
c. Because the use of currency has its origin in ancient times.
d. Because the currency is authorised by the World Bank.
Q. Who issues the currency notes in India?
a. Currency notes are issued by the Finance Commission.
b. All the nationalized banks can issue the currency notes.
c. Only Reserve Bank of India can issue currency notes.
d. Any individual or organization can issue cur¬rency notes with the permission of the govt.