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Class 12 Economics Money and Banking MCQ

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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

Which of the following is not associated with the UNO?

(A) ILO

(B) WHO

(C) Security Council

(D) ASEAN

Show Answer

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

The International Court of Justice is located at?

(A) Geneva

(B) Hague

(C) Amsterdam

(D) Vienna

Show Answer

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

C) Net Banking, Phone banking

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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