Banking — Important Questions
Telangana Open School (TOSS) · Class 12 · Economics
44 important questions from Banking for Telangana Open School (TOSS) Class 12 Economics, with answers. Written for the board exams 2027.
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Important Questions from Banking
What does NEFT stand for?
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National Electronic Fund Transfer
NEFT stands for National Electronic Fund Transfer, a system used for transferring money electronically between banks.
Which of the following is NOT a function of commercial banks?
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Manufacturing currency
Commercial banks do not manufacture currency. That is the function of the Reserve Bank of India.
When was the Reserve Bank of India established?
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1935
The Reserve Bank of India was established on April 1, 1935, as mentioned in the chapter.
Which type of deposit earns the highest interest rate?
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Fixed deposit
Fixed deposits offer higher interest rates compared to savings and recurring deposits because the money is locked in for a fixed period.
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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