Descriptive type questions-
a) What do you mean by bank?
b) Explain the stages in evolution of Banking in Europe and India.
c) Define the functions of banks.
d) What do you mean by e-banking? List the benefits of e-banking.
Objective type questions-
a) Which of the Following cannot be used for online payment (s):
[A] NEFT [B] IMPS [C] Demand Draft [D] Debit Card
b) Following are the payment wallets:
[A] Mobiwik [B] BHIM [C] Amazon Pay [D] All
c) Which of the following can be used for making Instant payment?
[A] IMPS [B] Banker Cheque [C] NEFT [D] All
d) Banking service that can be used to make international payment (s):
[A] SWIFT [B] Cheque [C] Cash [D] All
e) Credit card is a kind of loan provided by bank. (True / False)
f) Demand drafts are same as of banker cheque. (True / False)
g) ICICI and HDFC are government sector banks. (True / False)
h) Nationalize bank means government bank(s). (True / False)
Answers (Objective type questions)-
[a] C [b] D [c] A [d] A [e] True
[f] False [g] False [h] False