Commerce Paper-2 Quiz for CBSE NET Exams

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Commerce Paper-2 Quiz

1.   Assertion (A) : Taking of deposits and granting of loans single out banks.

Reasoning (R) : Banks act as intermediaries when they mobilize savings from surplus units to shortage units in order to finance productive activities.

Codes :

    (1)  Assertion (A) is correct and Reasoning (R) is the correct explanation of (A).
    (2)  Both Assertion (A) and Reasoning (R) are correct but (R) is not the correct explanation of (A).
    (3)  Assertion (A) is correct but Reasoning (R) is incorrect.
    (4)  Reasoning (R) is correct but Assertion (A) is incorrect.

2.   “Skimming” in e-banking refers to :
    (1)  Identifying fraudsters copying vital information from credit cards
    (2)  Multiple transactions by one credit card
    (3)  Conversion of a debit card into credit card
    (4)  None of the above

3.   Match the items of List – I with List – II in terms of functions of a bank :

List – I List – II
(Activities) (Functions)
(a) Underwriting (i) Primary Functions
(b) Transfer of funds (ii) Granting Advances
(c) Overdraft (iii) Utility Functions
(d) Recurring Deposits (iv) Agency Functions
Codes :
(a) (b) (c) (d)
    (1)  (i) (ii) (iv) (iii)
    (2)  (iv) (iii) (ii) (i)
    (3)  (iii) (iv) (ii) (i)
    (4)  (ii) (iv) (iii) (i)

4.   Which among the following is not a subsidiary of Reserve Bank of India ?

(a) Deposit Insurance and Credit Gaurantee Corporation of India.

(b) Bharatiya Reserve Bank Note Mudran Private Limited.

Codes :

    (1)  Only (a)
    (2)  Only (b)
    (3)  Both (a) and (b)
    (4)  Neither (a) nor (b)

5.   Which among the following is not associated with NABARD ?

(a) NIEAF (b) BIRD (c) RIDF (d) SHPI
Codes :

    (1)  (a) only
    (2)  (b) only
    (3)  (b) and (c) only
    (4)  None of the above

6.   Examine the following statements and choose the correct code :

Statement – (I) : Companies with Low cash reserves normally prefer Licensing mode rather than Foreign Direct Investment.

Statement – (II) : Cash rich firms normally prefer Foreign Direct Investment.

Codes :

    (1)  Both (I) and (II) are correct
    (2)  Both (I) and (II) are wrong
    (3)  (I) is correct but (II) is wrong
    (4)  (I) is not correct but (II) is correct

7.   Which one of the following is not a feature of Business Process Outsourcing (BPO) ?
    (1)  It enables executives to concentrate on strategy
    (2)  It improves process and saves money
    (3)  It decreases organizational capabilities
    (4)  None of the above

8.   The major outcome of the Bretton Woods Conference was :
    (1)  Establishment of IMF and IFC
    (2)  Establishment of IBRD and IFC
    (3)  Establishment of IBRD and ADB
    (4)  Establishment of IMF and IBRD

9.   Which one of the following is an important activity of the World Bank borrowings ?
    (1)  It borrows in the international capital market
    (2)  It borrows on currency on swap agreements
    (3)  It borrows under the discount net programme
    (4)  All of the above

10.   Which one of the following statements is false ?
    (1)  IFC was established in July 1956
    (2)  IFC encourages the growth and development of Public Sector Enterprises in member countries
    (3)  IFC is an affiliate of the World Bank
    (4)  IFC encourages the growth of productive private enterprises in member countries



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