Commercial Studies MCQ

The RBI settles claims of other commercial banks by a process of book entries. It helps to stabilize the banking system in the economy. Which function of the Central bank is explained here.

The _________ function of the central bank involves settling of claims of Commercial banks through a process of book entries.

The _______ is the central bank of our country which has the authority to print currency notes.

The Chief of the Reserve Bank of India is called:

Which of the following banks regulate the supply of money in the economy?

Which of the following is not precautions to be used while using debit or credit cards?

This type of fraud involves a computer and a network.

This is a fraud involving property that is protected under patent, trademark, copyright and trade secret laws.

Any action taken with the intention to obtain a fraudulent benefit from an insurance process is an fraud.

This fraud occurs when assets of a company are overstated or its liabilities are understated in order to make it appear financially stronger than what it is in reality.

In case of _________ cardholder makes payment before using the card.

In case of _________ cardholder makes payment after using the card.

A customer can withdraw or deposit money with the help of this machine by inserting his/her card and typing his/her personal identity number

Electronic banking is a part of _______ banking.

It is a type of electronic card which is used for transactions made online through a computer or a smartphone

IMPS stand for

It is a countrywide system by which an individual, firm or company can electronically transfer funds from any bank branch to another individual, firm or company having an account with any other bank branch in the country.

It is a funds transfer system under which transfer of funds takes place from one bank to another on a real time and gross basis.

Which of the following is the function of central bank

Central bank is the ______ of the country's foreign currency reserves.

Central bank is owned by the _______ while commercial bank is owned by _______.

______is the apex institution of the country's monetary and banking structure where as __________ is one of the organs of the money market.

It carries out the country's monetary policy.

It acts as the bankers' bank.

The _________ of a country serves as the leader of the banking system and the moneymarket.

A bank is an institution which accepts_________from the public and advances _________.

Which of the following is a Commercial Bank?

RBI is _______.