Functions of Commercial Banks

Functions of Commercial Banks

11th Grade

5 Qs

quiz-placeholder

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Functions of Commercial Banks

Functions of Commercial Banks

Assessment

Quiz

Education

11th Grade

Medium

Created by

Munnera acc

Used 1+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these are the functions of commercial banks?

Acceptance of deposits

Lending of funds

Cheque facility

All of these

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Multiple option deposit accounts come under which of the following functions of commercial banks?

Cheque facility

Lending of funds

Acceptance of deposits

None of theses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money is deposited in the account for a fixed period is called as ______

Current account

Deposit account

Savings account

Fixed account

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Current deposit Accounts are opened by businessmen. The account holder can deposit and Withdraw money. Whenever desired.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person can open this account by depositing a small sum of money. He can withdraw money from his account and make additional deposits at will. Account holder also gets interest on his deposit. What account is been discussed hear?

Savings account

Deposit account

Current account

None of theses