[1 Mark Question Answer]

Question 11 Mark

Write a short note on 'RTGS'.

Answer

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Question 21 Mark

Write a short note on Intellectual Property Fraud

Answer

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Question 31 Mark

State three differences between central bank and a commercial bank.

Answer

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Question 41 Mark

Give the full form of (a) RTGS (b) IMPS

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Question 51 Mark

Write a short note on IMPS.

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Question 61 Mark

What is an overdraft

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Question 71 Mark

Explain in brief Credit Card Fraud?

Answer

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Question 81 Mark

What is 'National Electronic Fund Transfer'?###Write a short note on 'NEFT

Answer

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Question 91 Mark

Distinguish between a Debit card and a Credit card.

Answer

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Question 101 Mark

State any two precautions while using an 'ATM'

Answer

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Question 111 Mark

What do you mean by Internet and Cyber Fraud?

Answer

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Question 121 Mark

Distinguish between saving account and current account.

Answer

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Question 131 Mark

State two advantages of travellers cheques.

Answer

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Question 141 Mark

"A central bank is a bankers' bank." Explain

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Question 151 Mark

Distinguish between overdraft and cash credit.

Answer

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Question 161 Mark

What is an ATM?

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Question 171 Mark

What is meant by an overdraft facility given by a commercial bank?

Answer

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Question 181 Mark

What is meant by clearing house function of the RBI?

Answer

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Question 191 Mark

What is NEFT?

Answer

National Electronics Funds Transfer (NEFT) is a system of inter bank transfer of funds electronically. The amount involved is less than 10 lakhs.

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Question 201 Mark

What is RTGS?

Answer

Real Time Gross Settlement (RTGS) is an electronic system of inter bank transfer of funds involving 2 lakhs and above.

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Question 211 Mark

What is Banker's Cheque?

Answer

The banker's cheque is a cheque drawn by a bank on itself and is payble locally.

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Question 221 Mark

What is a Bank Draft?

Answer

A Bank draft is a cheque drawn by a bank on its own branch or some other bank. It is payable to the person named in it or to his order. It is payable on demand.

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Question 231 Mark

Describe Insurance Fraud.

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Question 241 Mark

What is false accounting?

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Question 251 Mark

Give two agency functions of commercial banks.

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Question 261 Mark

What is meant by E-banking?

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Question 271 Mark

What is a debit card?

Answer

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Question 281 Mark

What is a credit card?

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Question 291 Mark

"The central bank is the lender of the last resort." Explain.

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Question 301 Mark

Mention three credit control functions of the Reserve Bank of India.

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Question 311 Mark

Give two major functions of the central bank of our country.

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Commercial Studies [1 Mark Question Answer]

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