Question : This function facilities maintenance of business accounts, which would be otherwise impossible.
 

Option 1: Medium of exchange
 

Option 2: Measure of value
 

Option 3: Store of value
 

Option 4: Standard of deferred payment.
 

Question :  ___________ is a type of banking service that allows customers to access their bank accounts and perform transactions through the internet.

Option 1: Online banking

Option 2: Mobile banking

Option 3: Telephone banking

Option 4: ATM banking

Question : Assertion (A): A programme called Pradhan Mantri Jan Dhan Yojana is accessible as of 2014 and encourages people in India to open bank accounts.
Reason: This programme aims to immediately transfer all government programmes' and subsidies' benefits to account holders in addition to encouraging saving habits.

Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)

Option 3: Assertion (A) is True but Reason (R) is False

Option 4: Assertion (A) is False but Reason (R) is True

Question : Fill in the blanks-
Large deposits of iron ore, coal and natural gas are found in the country. India alone accounts for nearly ___% of the total iron ore reserves of the world.
 

Option 1: 10%
 

Option 2: 15%
 

Option 3: 20%
 

Option 4: 25%
 

Question : When the Company decided to record the issue of Debentures as Collateral Security: Which of the following accounts should be debited?

Option 1: % Debenture account 

Option 2: Debentures suspense account 

Option 3: Bank loan account

Option 4: No entry required