CLASS:- XII
SUBJECT:-ECONOMICS
LESSON- 06-MONEY AND BANKING
1-Barter refers to the system of:
a)Mutual exchange
b)Exchange of goods for money
c)Exchange for services for money
d)None of them
2-Money under law to be accepted for all debts:
a)bank money
b)Credit money
c)Fiat money
d)Paper money
3-Which out of the following is an attractive and easy medium of exchange?
a)Plastic money
b)paper money
c)Metallic money
d)coins
4-For performing which function of money,it should be generally acceptable:
a)Measure of value
b)Medium of exchange
c)Store of value
d)Standard of defend payments
5-Fiat money includes:
a)Currency notes
b)Saving deposits at bank
c)Currency notes and coins
d) All of them
6-Money supply is:
a)Currency with the public
b)Demand deposit with the banks
c) Currency with the public + Demand deposit with the banks + other deposits with RBI
d)None of them
7-Which out of the following items is not included in money supply of a country?
a)stock of gold held with the Central Bank
b)Coins and Currency
c)Demand deposits
d)Time deposits
8-a limit to deposit creation by banks is determined by:
a)Reserved Deposit Ratio
b)Statutory Liquid Ratio
c)Cash Reserve Ratio
d)Legal Reserve Ratio
9-Number of times the total deposits would be of the initial deposit is determined by:
a)Cash Reserve Ratio
b)Legal Reserve Ratio
c)Statutory Liquidity Ratio
d)Reserve Deposit Ratio
10-The part of LRR kept by the banks themselves is called:
a)SLR
b)CRR
c)Reserve Repo
d)None of the above
11-Which bank in India is the controller of credit?
a)Axis Bank
b)Reserve Bank of India
c)ICICI Bank
d)Punjab National Bank
12-Which of the apex institution of a country’s monetary system
a)HDFC
b)HSBC
c)Reserve Bank of India
d)State Bank of India
13-Which of the following instrument deals with the qualitative credit control?
a)Open Market Operation
b)Moral Suasion
c)Bank Rate
d)None
14-The rate at which Central Bank of a country borrows money from Commercial Bank is called:
a)Legal Reserve Ratio
b)Repo Rate
c)Reserve Repo Rate
d)Bank Rate
Answers
1- A 2-C 3-A 4-B 5-C
6-C 7-A 8-A 9-B 10-A
11-B 12-C 13-B 14-C
Share : CBSE - +2 Economics - Money and Banking
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Oleh
TNPSC Master
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