Banking class 12 cbse Sample Question Paper 2025-26 question 4

 

i. Credit card limit is

a) Revolving loan limit b) Installment loan limit c) Cash credit limit d) Overdraft limit

Explanation:

  • Revolving loan limit → ✅ Correct. Credit cards allow repeated borrowing up to a set limit, repaid and reused.

  • Installment loan limit → ❌ Wrong. Installment loans are fixed repayment loans, unlike credit cards.

  • Cash credit limit → ❌ Wrong. Cash credit is for businesses, not personal credit cards.

  • Overdraft limit → ❌ Wrong. Overdraft is linked to current/savings accounts, not credit cards.

👉 Right Answer: (a) Revolving loan limit

ii. The invader creates a misleading context which fools you into making an unsuitable security decision.

a) Phishing b) Spoofing c) Skimming d) Fishing

Explanation:

  • Phishing → ❌ Wrong. Phishing is tricking users with fake emails/websites to steal information.

  • Spoofing → ✅ Correct. Spoofing means creating a false/misleading identity or context (like fake IP address, fake caller ID, or fake website) to deceive users into wrong decisions.

  • Skimming → ❌ Wrong. Skimming is stealing card details using hidden devices.

  • Fishing → ❌ Wrong. Not a technical term, just a distractor.

👉 Right Answer: (b) Spoofing

iii. State the full form of DSA.

Explanation:

  • DSA → Direct Selling Agent. Banks appoint DSAs to source customers for loans, credit cards, etc.

👉 Right Answer: Direct Selling Agent

iv. State the name of incentive paid to depositors for postponing their expenditures and keeping money with the bank.

Explanation:

  • The incentive is Interest. Banks pay interest to depositors for saving money instead of spending.

👉 Right Answer: Interest

v. Which policy is related to direct taxes and government spending?

a) Credit Policy b) Monetary Policy c) Fiscal Policy d) Government Policy

Explanation:

  • Credit Policy → ❌ Wrong. Deals with lending rules.

  • Monetary Policy → ❌ Wrong. Managed by RBI, deals with money supply.

  • Fiscal Policy → ✅ Correct. Related to taxation and government expenditure.

  • Government Policy → ❌ Too broad, not specific.

👉 Right Answer: (c) Fiscal Policy

vi. State the full form of GAAP.

a) Generally Accepted Accounting Principles b) Generally Accrual Accounting Principles c) Generally Accepted According Principles d) Generally Accepted Accounting Prime

Explanation:

  • Generally Accepted Accounting Principles → ✅ Correct. Standard framework of accounting rules.

  • Generally Accrual Accounting Principles → ❌ Wrong. Not the official term.

  • Generally Accepted According Principles → ❌ Wrong. Grammatically incorrect.

  • Generally Accepted Accounting Prime → ❌ Wrong. Made-up option.

👉 Right Answer: (a) Generally Accepted Accounting Principles

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