A level Commercial Banks Quiz 1

15 QuestionsMultiple ChoiceFree Practice

About this quiz

This A level Commercial Banks Quiz 1 quiz contains 15 multiple choice questions designed to help you revise and test your A level Commercial Banks Quizzes knowledge. Select an answer for each question and click “Submit Answer” to see instant feedback. Take your time and try to score as high as possible!

Description

In this quiz, we will be talking about commercial banks. The study of commercial banks is very relevant to anyone studying economics. You will get to know about the relationship between a commercial bank and a customer as well as some services offered by commercial banks. This quiz has all that covered. 

A commercial bank is an institution that accepts deposits, offers checking account services, offers some financial products such as certificates of deposit (CDs), and offers various categories of loans. Commercial banks also offer savings accounts to individuals and small businesses. The main capital of commercial banks comes from customer deposits, and they make money from it via interests from loans. They also make money from a variety of fees. Often located in strategic physical locations, financial banks are very important in an economy as they create capital, credit, and liquidity in the market.

Are you willing to know more about the functioning of banks? Take this economics quiz and get exposed to a lot of information on that. Good luck. 

Progress0 / 15 answered
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Question 1 of 15

  ________ refers to that portion of total deposits with a commercial bank has to keep with the central bank: 

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Question 2 of 15

 The primary relationship between a banker and customer starts from the time 

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Question 3 of 15

 _____ is the rate at which the central bank discounts the bills of commercial banks: 

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Question 4 of 15

 The primary relationship between banker and customer is a ------------------ relationship 

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Question 5 of 15

 Which one of the following is the most important relationship between banker and customer 

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Question 6 of 15

 Which bank have given the instructions to the commercial banks regarding the immediate credit of outstation cheques? 

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Question 7 of 15

 Dishonour of cheque by a banker without any justifiable reason is called 

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Question 8 of 15

 Special damages refers to damages payable by a banker to his customer for the actual -------- ----- loss suffered by customer 

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Question 9 of 15

 MICR technology used for clearance of cheques by banks refers to 

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Question 10 of 15

 Which banks which accept deposits from the public and lend them mainly to commerce for short periods? 

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Question 11 of 15

 Fixed Deposits is otherwise called as 

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Question 12 of 15

 In which type of deposit, the high rate of interest is provided by the Bank? 

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Question 13 of 15

  The rate of interest charged for the loan by the banker compared to overdraft and cash credit is generally 

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Question 14 of 15

 Which of the following terms is used in banking field? 

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Question 15 of 15

 Expand the term EMI as used in banking/finance sector?