F.Y.B.A.
Sub.:
Commerce
Hello Friends..
https://www.surajpateleducation.com/2021/01/fybcom-commerce-mcq-pdf.html
1. ATM stands for _____________.
1. Automated Teller Machine
2. Automatic Teller Money
3. Automatic Time Money
4. Automated Teller Mechanism
ANS: 1
2. ___________ allows short term credit to
customers.
1. Debit card
2. Credit card
3. PAN card
4. ATM
ANS: 2
3. In Debit card amount gets ________ from the
bank balance of the customer after payment.
1. Added
2. Deducted
3. Increased
4. Credited
ANS: 2
4. ______________ bank have the largest number
of ATMs in India.
1. IDBI
2. SBI
3. Bank of Baroda
4. ICICI
ANS: 2
5. _____________ is the apex bank in the
banking system of a country.
1. Commercial Bank
2. Co-operative Bank
3. Central Bank
4. Industrial Bank`
ANS: 3
6. __________ is the birth place of commercial
banking.
1. England
2. Poland
3. New Zealand
4. Netherlands
ANS: 1
7. Which bank is owned and managed by the
government?
1. Co-operative bank
2. Central Bank
3. Commercial Bank
4. Industrial Bank
ANS: 2
8. ________ bank is also known as foreign bank.
1. Exchange
2. Rural
3. Savings
4. Land Development
ANS: 1
9. Which of the following is a traditional
service of bank?
1. Cash management
2. Accepting deposits
3. Wealth management
4. Retirement plans
ANS: 2
10. Which bank is called as lender of last
resort?
1. Commercial Bank
2. Agriculture Bank
3. Industrial Bank
4. Central Bank
ANS: 4
11. Current deposit is also known as
______________.
1. Demand Deposit
2. Savings deposit
3. Time Deposit
4. Recurring deposit
ANS: 1
12. The purpose of ______ account is to promote
the habit of saving.
1. Recurring Deposit
2. Savings
3. Fixed Deposit
4. Current
ANS: 2
13. Which account encourage people to save
limited amount regularly out of monthly income?
1. Recurring Deposit
2. Savings
3. Fixed Deposit
4. Current
ANS: 1
14. Which account is most suitable for
businessmen and proprietary concerns?
1. Recurring Deposit
2. Savings
3. Fixed Deposit
4. Current
ANS: 4
15. KYC refers to:
1. Know Your Customer
2. Know Your City
3. Know Your Credit
4. Know Your Company
ANS: 1
16. ____________ is a credit facility granted
to current account holders.
1. Cash credit
2. Discounting of Bills
3. Overdraft
4. Demand loans
ANS: 3
17. ECS refers to:
1. Easy Cash Service
2. Electronic Clearing Service
3. Easy Clearing Service
4. Electronic Cash Service
ANS: 2
18. In ______ mode of charging security, the
bank retains all securities of buyers until debt is satisfied.
1. Bailment
2. Hypothecation
3. Pledge
4. Lien
ANS: 4
19. A _________ is a bailment of goods by one
person to another to secure payment of a debt.
1. Pledge
2. Hypothecation
3. Lien
4. Mortgage
ANS: 1
20. In ________ mode of charging security, the
possession and ownership in the goods remains with the borrower and lender gets
only equitable charge.
1. Pledge
2. Hypothecation
3. Mortgage
4. Lien
ANS: 2
21. The indemnity principle is not applicable
to:
1. life insurance
2. marine insurance
3. fire insurance
4. vehicle insurance
ANS: 1
22. Which of the following is not covered under
General Insurance?
1. marine insurance
2. fire insurance
3. vehicle insurance
4. life insurance
ANS: 4
23. The written document in which the contract
of insurance is written is called _______.
1. policy
2. premium
3. claim
4. proposal
ANS: 1
24. _________ is a demand made by the insured
from the insurer for compensating loss.
1. Proposal
2. Policy
3. Premium
4. Claim
ANS: 4
25. The object against which the policy is
taken is called as _______.
1. insurable interest
2. subject matter
3. assured
4. assurer
ANS: 2
If You Need Most Importance MCQ PDF Commerce Question Bank Than Pay Rs 100 Only
Contact 8652719712 / 8779537141
Telegram Group
Mumbai Univeersity :- https://t.me/mumbaiuniversityidol
Suraj Patel Education :- https://t.me/surajpateleducation
F.Y.J.C EXAM :- https://t.me/FYJCexam
S.Y.J.C EXAM :- https://t.me/SYJCexam
F.Y EXAM :- https://t.me/fyexam
S.Y EXAM :- https://t.me/syexam
T.Y EXAM :- https://t.me/tyexam
M.Com Part 1 EXAM :- https://t.me/McomPart1Exam
M.Com Part 2 EXAM :- https://t.me/McomPart2Exam
M.A EXAM :- https://t.me/mastudentsexam
YouTube Channel
M.A EXAM :- https://t.me/mastudentsexam
YouTube Channel