Dhoni Test

Question Paper: Money, Banking and RBI

Class: __________ Subject: __________

M.M: 25 Time: 45 Min

Section A: True or False [5 Marks]

Write True or False for the following statements.

1. We need to borrow money if there is a difference between our existing money and the amount required for a specific purpose.
2. Additional amount paid by the borrower as charges for taking a loan is known as principal amount.
3. All commercial banks have cash deposits in the custody of the RBI.
4. Only India has a central bank.
5. Initially RBI was started in Mumbai as a privately owned bank.

Section B: Fill in the blanks [5 Marks]

1. When money is borrowed from financial institutions or non-institutional sources it is called borrowing.
2. is the additional money paid by borrower as charges for taking a loan.
3. In every country there is a bank.
4. Central bank of India is .
5. In 1935, the RBI was started in Kolkata as a owned bank.

Section C: Multiple Choice Questions [10 Marks]

Choose the correct option.

1. Dhanesh _______ ₹100 from Nafa and Fayda to open his bank account.
   1. took
   2. borrowed
   3. stole
   4. snatched
2. If you take money from your sister with a promise to return it, this is borrowing from _______ sources.
   1. internal
   2. family
   3. external
   4. relative
3. The duty of _______ bank is to monitor and regulate all the financial institutions of a country.
   1. central
   2. commercial
   3. state
   4. co-operative
4. RBI was nationalised in the year _______.
   1. 1949
   2. 1947
   3. 1935
   4. 1936
5. Coins and ₹1 notes are directly issued by the _______.
   1. RBI
   2. SBI
   3. governor
   4. government

Post a Comment