Banking class 12 cbse Sample Question Paper 2025-26 question 6
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i. Banker Lockers are not used for keeping
Question: Banker Lockers are not used for keeping
a) Cash
b) Jewellery
c) Stock certificates
d) Home Deeds
Explanations:
Cash: Incorrect. Cash is not recommended to be kept in lockers because lockers are meant for valuables and documents, not for storing liquid money.
Jewellery: Correct usage. People commonly keep gold, diamonds, and other jewellery in lockers for safety.
Stock certificates: Correct usage. Important financial papers like stock certificates can be safely stored in lockers.
Home deeds: Correct usage. Property papers and deeds are often kept in lockers for security.
Right Answer: a) Cash
ii. State the full form WAP.
Question: State the full form WAP.
Explanations:
WAP stands for Wireless Application Protocol. It is a standard that allows mobile devices to access information over a wireless network.
Right Answer: Wireless Application Protocol
iii. Upon detection of a counterfeit note at the cash counter of Bank branch, bank will
Question: Upon detection of a counterfeit note at the cash counter of Bank branch, bank will a) Returns the note to the customer b) Exchange with a genuine Note c) Deposit in Account d) Impound the Note and issue receipt
Explanations:
Returns the note: Incorrect. Banks cannot return fake notes to customers.
Exchange with genuine note: Incorrect. Banks are not allowed to replace counterfeit notes with real ones.
Deposit in account: Incorrect. Fake notes cannot be deposited into accounts.
Impound the note: Correct. The bank must seize (impound) the counterfeit note and issue a receipt to the customer.
Right Answer: d) Impound the Note and issue receipt
iv. When the fixed loan comes near to its maturity, the interest amount on the loan
Question: When the fixed loan comes near to its maturity, the interest amount on the loan
a) Increases
b) Decrease
c) Remains same
d) Depends on market
Explanations:
Increases: Incorrect. Fixed loans have constant interest rates.
Decrease: Incorrect. Interest does not reduce automatically.
Remains same: Correct. In fixed loans, the interest rate stays constant throughout the loan period.
Depends on market: Incorrect. Market changes affect floating loans, not fixed loans.
Right Answer: c) Remains same
v. The standard rate at which RBI is prepared to buy or rediscount bills of exchange or other eligible commercial paper from other Banks is called.
Question: The standard rate at which RBI is prepared to buy or rediscount bills of exchange or other eligible commercial paper from other Banks is called.
a) Bank Rate
b) Prime Lending Rate
c) Repo Rate
d) Base Rate
Explanations:
Bank Rate: Correct. Bank Rate is the rate at which RBI lends to commercial banks without any repurchase agreement.
Prime Lending Rate: Incorrect. This is the rate at which banks lend to their most creditworthy customers.
Repo Rate: Incorrect. Repo Rate is the rate at which RBI lends to banks with an agreement to repurchase securities.
Base Rate: Incorrect. Base Rate is the minimum interest rate set by banks for lending.
Right Answer: a) Bank Rate
vi. Generally, an asset that has remained as ‘NPA’ for up to 12 months is known as
Question: Generally, an asset that has remained as ‘NPA’ for up to 12 months is known as
a) Sub-standard asset
b) Doubtful Asset
c) Loss Asset
d) Standard Asset
Explanations:
Sub-standard asset: Correct. An NPA up to 12 months is classified as sub-standard.
Doubtful Asset: Incorrect. Assets become doubtful if they remain NPA for more than 12 months.
Loss Asset: Incorrect. These are assets identified as uncollectible.
Standard Asset: Incorrect. Standard assets are performing loans, not NPAs.
Right Answer: a) Sub-standard asset
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