Banking Transactions Class 10 Notes
Here in this post we provided Banking Transactions Notes Karnataka Board Class 10. All Questions Answer are Very Important. Students who are searching for Banking Transactions Notes can follow this post.
Here we provided MCQ Questions, Very Short Questions, Short Questions, Long Questions and Others. Hope our Notes will help you.
Multiple Choice Question:
Question 1:
The term is related to financial transactions –
(a) Bank
(b) Organisation
(c) Institute
(d) None of these
Answer:
(a) Bank.
Question 2:
The term bank is derived from — word ‘Banco’
(a) French
(b) Italian
(c)
(d) Russian
Answer:
(b) Italian.
Question 3:
Which of the following is the meaning of ‘Banque’?
(a) Money exchange table
(b) Money deposite table
(c) Financial transactions
(d) None of these
Answer:
(a) Money exchange table.
Question 4:
Which of the following is characteristic bank?
(a) Lending loan
(b) Payment & with draw
(c) Dealing with money
(d) All of these
Answer:
(d) All of these.
Question 5:
Banking company means the institution that deals with –
(a) Rule
(b) Money
(c) Land
(d) None of these
Answer:
(b) Money.
Question 6:
Who connecting link between the depositors & borrowers.
(a) Bank
(b) Police station
(c) School
(d) None of these
Answer:
(a) Bank.
Question 7:
Which of the following service offered by banks?
(a) Credit card
(b) E-banking
(c) Mutual funds
(d) all of these
Answer:
(d) all of these.
Question 8:
All the banking transaction in India are controlled by –
(a) SBI
(b) PNB
(c) RBI
(d) All of these
Answer:
(c) RBI.
Question 9:
—- is know as mother of banks.
(a) PNB
(b) SBI
(c) RBI
(d) HDFC
Answer:
(c) RBI.
Question 10:
Which of the following is central bank of India?
(a) SBI
(b) HDFC
(c) RBI
(d) None of these
Answer:
(c) RBI.
Question 11:
—- Formulates the monetary policy which should be followed by all banks.
(a) PNB
(b) SBI
(c) WTO
(d) RBI
Answer:
(d) RBI.
Question 12:
Which of the following is not type of bank account?
(a) Saving bank account
(b) Current bank account
(c) Commercial bank account
(d) Fixed deposit account
Answer:
(c) Commercial bank account.
Question 13:
— is opened by business who have a large number of regular transactions with banks.
(a) Saving account
(b) Fixed account
(c) Commercial account
(d) Current account
Answer:
(d) Current account.
Very Short Question Answer
Question 1:
Name the banks you know
Answer:
Canara banks, Vijaya Bank, corporation bank etc.
Question 2:
Which bank regulates banking sector in India?
Answer:
RBI regulates sector in India.
Question 3:
How many banks nationalised banks are there in India?
Answer:
20 nationalised banks.
Question 4:
Write any two type of bank accounts.
Answer:
– (a) Current account (b) Saving account.
Question 5:
What is fixed deposit account.
Answer:
– This type of account is opened for a fixed period by depositing a particular sum of money.
Question 6:
Which documents required to open bank account.
Answer:
– Address proof, PAN card, Aadhar card, photographs etc.