ANGELS’ ACADEMY SR. SEC.

SCHOOL
QUESTION BANK
CLASS- XII 2024-2025
SUBJECT ‒ BANKING
SECTION ‒ A (1 MARKS QUESTION)
1. Minimum result system principle refers to
a. Currency note issue
b. Reserve level to be maintained by the banks
c. Minimum minimum reserve ratio
d. RBI reserve level to be maintained
2. RBI maintained banking accounts with all the schedules Bank. This is for which role of RBI?
a. Banker of last resort
b. Banker’s Bank
c. Clearing purpose
d. Good relationship account
3. Which of the following is the qualitative instrument of credit control?
a. Open market operations
b. CRR
c. Direct action
d. SLR
4. Demand liabilities of a bank include which of the following?
a. Letter of credit
b. Recurring deposits
c. Both the above
d. None of the above
5. In case the cash reserve ratio is decreased by the RBI, Bank will be able to lend ____
money in the market.
a.More
b. Less
c. Does not matter
d. None of the above
6. With the decrease in CRR rate, inflation will
a. Increase
b. Decrease
c. No impact
d. All of them and many more
7. In case the SLR ratio is increased by the RBI, inflation will
a. Increase
b. Decrease
c. No impact
 d. All of them and many more
8. Minimum interest rate of a bank below which it cannot lend, except in cases allowed by
RBI is known as?
a. Bank rate
b. Prime lending rate
c. Repo rate
d. Base rate
9. The standard rate at which RBI is prepared to buy or rediscount bills of exchange or other
eligible commercial paper from other banks
a. Bank rate
b. Prime lending rate
c. Repo rate
d. Base rate
10. What is the policy related to direct taxes on government spending refers to? a.Credit
policy
a. Monetary policy
b. Fiscal policy
c. Government policy
d. None of these
11. Export import Bank of India was set up in _________________
12. To ensure solvency of banks, RBI direct Bank to maintain _____ ratio.
13. Rate at which RBI lend short term funds to the bank is known as ____ rate.
14. Discount rate is known as ____
15. In case of deflation, the purchasing power per unit of money will___
16. Selling other product to an existing customer is known as____ selling
17. ___ office manage the IT resources for the bank
18. ___ office manage the risk for the bank
19. ____ office carries out the transaction processing for the bank
20. ____ Office face the client.
21. Bank operation is segregated into____ areas
22. If everyone pay their share of amount owned to each it is known as
a. Multilateral netting
b. Bilateral netting
c. Gross settlement
d. None of the above
23. Actual payment of money by one bank to another is known as
a. Multi-lateral netting
b. Clearing
c. Settlement
d. All of these
24. In absence of RBI branch in a particular city which bank act as a clearing house
a. SBI
 b. HDFC bank
c. Dena bank
d. Canara bank
25. What comes first?
a. Settlement
b. Clearing
c. Both a and b
d. None of these
26. Which Activities are outsourcing to the BPO?
a. Front office
b. Middle office
c. Back office
d. All of the above
27. Reconciliation of entries is carried out by which part of the bank?
a. Front office
b. Middle office
c. Back office
d. None of these
28. Which office of the bank is known as SWEAT shop?
a. Front office
b. Middle office
c. Back office
d. None of the above
29. Which part of the bank is known as the revenue generator?
a. Front office
b. Middle office
c. Back office
d. None of the above
30. RTGS as well as NEFT uses
a. UTR number
b. MICR
c. IFSC
d. DNS
31. What is the maximum limit for an NEFT transfer per transaction?
a. No limit
b. 1 lakh
c. 2 lakh
d. 3 lakh
32. Why are pay in slips used in bank?
a. To deposit cash or cheque into the bank account of the account holder
b. Withdraw cash or cheque into the bank account of the account holder
c. Both of the above
d. None of the above
33. Which is the safest cheque from the receiver point of view?
a. Account payee cheque
b. Bearer cheque
c. Crossed cheque
d. Demand draft
34. NEFTS uses ____ for payment
35. What is the minimum amount limit RTGS?
a. None
b. Rs. 50000
c. Rs. 2 laths
d. Rs. 10 lakhs
36. Which is the fastest mode of payment?
a. Credit card
b. RTGS
c. NEFT
d. Cheques
37. On weekdays RTGS is available between
a. 0830 to 1600 hrs.
b. 0900 to 1630 hrs.
c. 0930 to 1700 hrs.
d. 1000 to 1730 hrs.
38. On weekdays NEFT operates hourly batches from
a. 0700 to 1800 hrs.
b. 0730 to 1830 hrs.
c. 0800 to 1900 hrs.
d. 0830 to 1930 hrs.
39. Brokerage fees is classified as ___ interest income
40. ___ can we return for insufficient fund in the account
41. IFSC code has ___ character
42. Full of SMS is
43. In case of fixed deposit with a bank, bank credit interest amount into the bank interest
calculated will be___ interest
a. Simple
b. Compound
c. Complex
d. Floating
44. In case of a fixed deposit with a bank, Bank page interest at the end of the deposit period,
interest calculated will be ___ interest
a. Simple
b. Compound
c. Complex
d. Floating
45. When a fixed deposit mature, Bank credits ____ to the account.
a. Interest only
b. Principal plus interest only
c. Principal only
d. None of the above
46. Interest calculated by the bank on a loan is___for the bank
a. Income
b. Expense
c. Liability
d. Assets
47. Interest paid by the bank on a loan e is
a. Income
b. Expense
c. Liability
d. Assets
48. Loan given by the bank is shown as____ all the bank balance sheet
a. Income
b. Expense
c. Liability
d. Assets
49. Interest on loan is calculated by the bank on
a. Original loan amount
b. Loan outstanding amount
c. Average outstanding loan amount
d. None of yhe above
50. In case of floating rate loan, borrower will benefit if the
a. Interest rate remain constant
b. Interest rate in the future is higher
c. Interest rate in the future is lower
d. Interest rate has no bearing
51. Phishing
a. Is an electronic instrument for fishing
b. Is related to cyber crime
c. Is one of the latest form of wishing somebody
d. None of the above
52. Currently which bank has the highest ATM's network
a. ICICI Bank
b. SBI Bank
c. HDFC Bank
d. Central Bank
53. Full form of ALU is
54. Full form of CPU is
55. Computerized accounting uses the concept of
56. Data validation is made by the ___ and ___ procedures
57. CBS helps in customer convenience through ____ and ___ banking
58. AML stands for
59. CORE stands for
60. Online banking _____ and online banking ____ is need for online banking access
61. Controls embedded at various in CBS are : ,____ controls, _____ control and security and
____ control
62. You work at a front desk of a telecom company. A customer approaches you while you are
working. The customer has a query regarding a bill. What would you do?
a. Not pay attention to the customer
b. Keep the work aside and help the customer
c. Continue doing your work while talking inattentively to the customer
d. Ask the customer to talk to someone else
63. Which of the following can be a barrier to active listening
a. Noisy environment
b. Not maintaining and eye contact with the speaker
c. Not being attentive
d. All of the above
64. What are the characteristics of an ideal message
a. Clear
b. Concise
c. Accurate
d. All of these
65. What is a sentence
a. A group of ideas that form a complete paragraph
b. A group of words that communicates a complete thought
c. A set of rules that we must follow to write correctly
d. A set of words that contain basic punctuation marks
66. Which of these sentence is capitalize correctly
a. I am Hungry
b. Divya and Sunil are reading
c. The bucket is Full of water
d. She lives in Delhi
67. Which of these sentence is punctuated correctly
a. Where are you going.
b. I have a pen a notebook and a pencil.
c. I am so happy to see you!
d. This is my house.
68. Identify the subject in the sentence, “the children played football”.
a. The children
b. Children played
c. Played
d. Football
69. Identify the object in the sentence, “the children played football.”
a. The children
b. Children played
c. Played
d. Football
70. Which of these sentence has/have both the indirect and direct objects?
a. I am working on a presentation
b. She bought a blue pen
c. The girls played cricket
d. He wrote a letter to his sister
71. Which of these sentence is/are in passive voice?
a. They are watching a movie
 b. The clock was repaired d by Raju
c. He is sleeping in the room
d. My pet dog bit the postman
72. Ravi has feeling of emptiness, abandonment and suicide. What type of personality
disorder is this
a. Borderline
b. Dependent
c. Avoidant
d. Obsessive
73. Mona is helping her sister to overcome a personality disorder. What she should do
a. Talk to her sister
b. Engage her in hobbies
c. Help her build confidence
d. All of the world
74. A _____ is an electronic document used to store data in a systematic way and perform
calculation just like an expense sheet
a. Spreadsheet
b. Worksheet
c. Workbook
d. Name box
75. A ____ is a arrangement of cells in an horizontal manner
a. Colum n
b. Row
c. Cell
d. Worksheet
76. What will you do to select an entire worksheet in a spreadsheet
a. Click the file tab and select properties from the list
b. Click the grey row heading
 c. Click the grey rectangle in the upper left corner of the spreadsheet
d. Click the grey Colum heading
77. What is the default alignment of number in a cell
a. Left aligned
b. Right aligned
c. Centre aligned
d. Randomly aligned
78. “By default, the text in a cell is left aligned”. State whether this is true or false
a. True
b. False
79. Which of the following features is used to perform addition in spreadsheet
a. Format option
b. Charts
c. Graphs
d. Formula
80. Which of the following sign define a formula
a. +
b. /
c. =
d. +
81. Which menu option will you see to sort data
a. Tools
b. Data
c. Format
d. View
82. What do you need to install on your computer to be able to run impress
a. Google
 b. Microsoft office
c. Libre office
d. Apple iOS
83. How many text boxes does the first slide of libereoffice impress have by default?
a. 1
b. 2
c. 3
d. 4
SECTION ‒ B (2 MARKS QUESTION)
84. What is cash reserve ratio?
85. What is statutory liquidity ratio?
86. What is bank rate?
87. Explain repo rate.
88. What is reverse repo rate?
89. What is base rate?
90. Differentiate between clearing and settlement.
91. Explain the function of a back office of the bank?
92. Explain the function of the middle office of the bank?
93. Explain the function of the front office of the bank?
94. True or false
a. Return clearing is the clearing of honoured cherub
b. Clearing house or manage by the RBI across the country
c. Clearing house facilities that exchange of cash between the banks
d. Fire extinguisher/
e. Burglar Alarm are used for the security measure of the branch
f. Back office does the function of executing the clients instruction
g. Financial control is the function of the back office
95. What is IFSC code?
96. What is nuisance LC?
97. What is the back to back LC?
98. What are the advantages of bank guarantee?
99. What is non fund based income?
100. What are the due to Bailee?
101. True or false
a. CPU is the brain of the computer
b. Tally is the accounting software available in the market
c. Trial balance is used for accuracy of the records
d. Computerized accounting used database oriented applications
 e. CBS is networking of computer which allows anywhere and anytime banking
f. Bank customers can transact only banking task through online banking
102. Write down a situation you faced at school where in you overcome a barrier and
practice active listening.
103. Write one sentence of each type- statement, question, exclamatory and order.
104. Describe the ways you can make positive thinking a habiting life
105. Name an entrepreneur you admire and what do you admire about the person
106. What do you understand by attitude
107. Explain the importance of green jobs in reducing the emission of greenhouse gases
SECTION ‒ C (3 MARKS QUESTION)
108. What is rationale for keeping CRR and SLR by RBI?
109. What are the tools used by RBI to control inflation?
110. What are the goals of monetary policy?
111.What are the instruments of monetary policy?
112. What is the qualitative or quantitative instrument of credit control?
113. What is the impact of increase or decrease SLR rate by RBI?
114. Explain the difference between bank rate and repo rate?
115. What are the powers of the RBI for regulating the bank?
116. Explain the typical structure of a bank branch?
117. Explain the operations of safe deposit box?
118. What are the non-transactional task through online banking
119. What were the needs of CBS system
120. What are the benefits of online banking
121. What are the risk of online banking
122. What are the online banking security counter measures implemented by the banks
123. What are the advantages of mobile banking to the banks
124. What are mobile apps
SECTION ‒ C (5 MARKS QUESTION)
125. Explain the accounting process?
126. What are the various ways accounting concept followed while preparing books of
accounts?
127. What are the rules for banks account? Briefly explain.
128. Explain the process of writing a main day book and how it is useful to the bank
accounting?
129. Explain the process of cheque clearing?
130. What are the functions of clearing house of RBI?
131. What is the need for segregation of the different areas of the bank?
132. What are the different service channels available to the bank for servicing the
customer?
133. Explain the branch manager's duty as a retail banker?
134. What are the advantage and disadvantage of electronic payment system?
135. Distinguished between NEFT and RTGS?
136. What does the bank SS while issuing guarantee on behalf of its customer?
137. Explain the need of letter of credit?
138. What are the advantages to the bank of selling third party products?
139. What is the different source of revenue to the bank for selling mutual fund?
140. What are the advantages and disadvantages of credit card?
141. What are the advantages and disadvantages of debit card?
142. What are the advantages of keeping shares in demit account?
143. State the meaning and characteristics of computer
144. Explain the limitations of a computer
145. Explain the role of computers in accounting
146. Differentiate between manual accounting and computerized accounting system
147. What are the advantages and disadvantages of using computers in banking
148. What are the advantages of core banking solution to the bank
149. What are the controls available in CBS system and explain each of them
150. What are the various frauds in computerized banking
151. What are the advantages and disadvantages of online or internet banking
152. What are the advantages of mobile banking
153. What are the services provided through mobile banking
154. What are the frauds in credit card
155. Explain phishing, skimming and spoofing
156. Explain the process of ATM for cash withdrawal
157. What is the difference between simple interest and compound interest
158. What is the difference fixed and floating rate interest
159. Explain briefly calculation of EMI using Excel
160. Explain the factors which determine the interest rate
161. What is rate of return
162. Explain the calculation of maturity date of a bill of exchange
163. Which job role do you wish to pursue? Write to paragraph about the industry and your
career preferences. Make sure you follow all rules about sentences and paragraph that
you have learnt.
164. List the importance of positive thinking. Describe how it can help someone achieve
one’s goals