Class 12 Economics Money and Banking MCQ. We covered all the Class 12 Economics Money and Banking MCQ in this post for free so that you can practice well for the exam.
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Class 12 Economics Money and Banking Objective MCQ for Students
Bank means
A) Capital organization
B) Commercial organisation
C) Savings organization
D) Loan organization
Option b – Commercial organisation
Banks give loans to these
A) Merchants
B) Industrialists
C) Students, farmers, craftsmen
D) All the above
Option d – All the above
The account for daily transactions
A) Savings account
B) Current account
C) Both A & B
D) None
Option b – Current account
The special feature of the current account
A) Countless withdrawals
B) Countless deposits
C) The bank pays no interest
D) All of the above
Option d – All of the above
ATM means
A) Automatic Teller Machine
B) Automated Teller Machine
C) Automatic Telling Machines
D) Automated Tellers
Option b – Automated Teller Machine
Online banking services can be accessed through these
A) Debit Card
B) Credit Card
D) All the above
Option d – All the above
One cannot withdraw an amount in a given period
A) Current deposit
B) Fixed deposit
C) Commercial deposit
D) All the above
Option b – Fixed deposit
The deposit has more rate of interest
A) Current deposit
B) Fixed deposit
C) Both A & B
D) None
Option b – Fixed deposit
We covered all the class 12 economics money and banking mcq above in this post for free so that you can practice well for the exam.
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