B.Com. II (Semester IV) (CGPA) Examination, 2018
money and financial system
Day and Date Monday, 17-12-2018 Max. Marks 70
Time 10.30 a.m. to 1.00 p.m.
N.B. All questions are compulsory.
Figures to the right indicate full marks.
1. Choose the correct alternative and rewrite the sentences. 14
are the demand deposits accepted by the banks.
Fixed deposits account Recurring deposits account
Saving account None of the above
is the primary function of commercial banks.
Money transfer Investment
Promote to cashless economy Lending money
Overdraft facility is given only on account.
current saving
fixed all of the above
Demand draft is always
cross open
bearer all of the above
is the types of bank account holder.
Joint account Personal account
Minor's account All of the above
Liquidity of a bank implies
Credit creation
Cash credit
Capacity to produce cash on demand
None of these
ATM means
Automated Teller Machine Automated Teller Money
Automated Tailar Machine None of these
banks are creates credit money.
RBI NABARD Commercial None of these
The objectives of kyc norms are
Risk management
K eeping of customer account transaction
Determination of customer acceptance policy
All of the above
10) is the basic principle of the Commercial Banks.
Safety Liquidity
Profitability All of the above
11) Society for world interbank financial telecommunication (SWIFT) was
established in the year
1971 1972 1973 1974
12) SWIFT is a working of Institute.
Commercial Industrial Co-operative Banking
13) No frills account opening to eligible are
farm labour self employed person
unorganised sector employee all of the above
14) Core banking concept is used for
Banking service
Bank service extension
Group of bank branch to connect through internet
None of these
2. Answer the following questions.
Explain the process of opening bank account. 7
Explain the limitation of credit creation. 7
3. W rite short notes.
Types of bank account holders. 7
Methods of remittance. 7
4. Answer any one of the following. 14
Explain the lending principles of Commercial Banks.
Explain the importance of technology in banking.
5. Answer any one of the following. 14
Explain the function of Commercial Banks.
W hat is debit card Explain the merits and demerits of debit card.