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Money and Banking
- Online Test
Money and Banking
TEST : 1
# Money and Banking
# CBSE 12TH Economics
Prepare / Learn
Q1.
Central Bank is an
A.
Rural bank
B.
Regional bank
C.
Apex bank
D.
Commercial bank
View Solution
Add Work Space
Answer :
Option C
Explaination / Solution:
It is the highest banking authority in an economy. Therefore, it is also known as apex body in banking sector.
# Money and Banking
# CBSE 12TH Economics
Prepare / Learn
Q2.
Money is a medium of
A.
Barter
B.
Speculation
C.
Communication
D.
Exchange
View Solution
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Answer :
Option D
Explaination / Solution:
Money is universally accepted as a medium of exchange. It can be used to buy anything worldwide.
# Money and Banking
# CBSE 12TH Economics
Prepare / Learn
Q3.
The functions of money is that it is a
A.
Store of currency
B.
Store of stocks
C.
None of the above
D.
Store of value
View Solution
Add Work Space
Answer :
Option D
Explaination / Solution:
No Explaination.
# Money and Banking
# CBSE 12TH Economics
Prepare / Learn
Q4.
Money over comes the problems of barter system. It is
A.
1
B.
0
C.
Seldom
D.
Can’t say
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
# Money and Banking
# CBSE 12TH Economics
Prepare / Learn
Q5.
One of the measures of money supply is
A.
N1
B.
P1
C.
O1
D.
M1
View Solution
Add Work Space
Answer :
Option D
Explaination / Solution:
No Explaination.
# Money and Banking
# CBSE 12TH Economics
Prepare / Learn
Q6.
The process of money creation or credit creation IS done by
A.
Rural bank
B.
commercial banks
C.
Central bank
D.
World bank
View Solution
Add Work Space
Answer :
Option B
Explaination / Solution:
No Explaination.
# Money and Banking
# CBSE 12TH Economics
Prepare / Learn
Q7.
Money is something that is
A.
Locally accepted
B.
Accepted by banks
C.
Regionally accepted
D.
Universally accepted
View Solution
Add Work Space
Answer :
Option D
Explaination / Solution:
Money is widely accepted as a medium of exchange. It can be used to buy a commodity.
# Money and Banking
# CBSE 12TH Economics
Prepare / Learn
Q8.
Barter system is
A.
Exchange of goods
B.
Exchange of foreign exchange
C.
Exchange of money
D.
Exchange of trade
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
# Money and Banking
# CBSE 12TH Economics
Prepare / Learn
Q9.
One drawback of barter exchange is
A.
Lack of trust
B.
Lack of goods
C.
Lack of double coincidence of wants
D.
Lack of coincidence of wants
View Solution
Add Work Space
Answer :
Option C
Explaination / Solution:
No Explaination.
# Money and Banking
# CBSE 12TH Economics
Prepare / Learn
Q10.
What do you mean by credit creation by commercial banks?
A.
It is the process of total deposit creation
B.
It is the process of creation of foreign exchange
C.
It is the process of total withdrawal creation
D.
It is the process of loan creation
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
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