Banking class 12 cbse Sample Question Paper 2025-26 question 5


i. The document containing the guarantee of a bank to honor Bills of exchange drawn on it by an exporter is

a) Letter of Hypothecation
b) Letter of Credit
c) Bill of Lading
d) Bill of Exchange

Explanation:

  • Letter of Hypothecation → ❌ Wrong. It is used when goods are pledged as security, not for guaranteeing bills.
  • Letter of Credit → ✅ Correct. A bank issues this to guarantee payment to exporters.
  • Bill of Lading → ❌ Wrong. It is a shipping document, not a payment guarantee.
  • Bill of Exchange → ❌ Wrong. It is an order to pay, not a guarantee.

👉 Right Answer: (b) Letter of Credit

ii. Name the input device for feeding data in computer.

Explanation:

  • Examples: Keyboard, Mouse, Scanner.
    These devices allow users to enter data into the computer.

👉 Right Answer: Keyboard (or any valid input device)

iii. ______ is a secure space specially constructed with RCC on all sides.

a) Manager’s Cabin
b) Cash Counter
c) Strong Room
d) Clerk’s Cabin

Explanation:

  • Manager’s Cabin → ❌ Wrong. It is an office space, not RCC-secured.
  • Cash Counter → ❌ Wrong. It is for transactions, not fully secure.
  • Strong Room → ✅ Correct. Built with RCC walls to store cash and valuables safely.
  • Clerk’s Cabin → ❌ Wrong. Just workspace, not secure storage.

👉 Right Answer: (c) Strong Room

iv. EMI on a fixed rate loan remains ______ during the tenor of the loan.

a) Fixed
b) Changing
c) Increases
d) Decreases

Explanation:

  • Fixed → ✅ Correct. EMI remains constant when interest rate is fixed.
  • Changing → ❌ Wrong. EMI changes only in floating rate loans.
  • Increases → ❌ Wrong. EMI doesn’t increase in fixed rate loans.
  • Decreases → ❌ Wrong. EMI doesn’t decrease either.

👉 Right Answer: (a) Fixed

v. Which role does RBI play when it maintains the banking accounts of all schedule Banks?

Explanation:

  • RBI acts as the Banker’s Bank.
    It maintains accounts of scheduled banks and provides settlement facilities.

👉 Right Answer: Banker’s Bank

vi. ______ is the commission paid by Mutual Funds Company to agent in the first year.

a) Trail Commission
b) Upfront Commission
c) Accrued Commission
d) Unaccrued Commission

Explanation:

  • Trail Commission → ❌ Wrong. Paid annually after the first year.
  • Upfront Commission → ✅ Correct. Paid in the first year for bringing investors.
  • Accrued Commission → ❌ Wrong. Not a standard term in mutual funds.
  • Unaccrued Commission → ❌ Wrong. Made-up option.

👉 Right Answer: (b) Upfront Commission


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