XYZ shopping centre has a half- price sale. 2. (a) Falls Reserve Bank of India was established in : 49. (d) All of these, Question 8. Which of the following measures of money supply is considered narrow concept of money supply? Historically, the Indian rupee was a ____ coin: a) Copper. 12. Do tests many times and check your score and download certificate.Doing mock online tests will help you to check your understanding and identify areas of improvement. Which of the following is an advantage of bank of issue? (c) Rekhi Committee (d) All the above, Question 10. Question 53. (c) Loan and Advance 9. (d) 2000, Question 44. Which one is included in the secondary function of money ? A T-shirt which originally costs Rs. (c) Both (a) and (b) (d) 2001, Question 50. (d) Locker Facility, Question 20. a) PNB b) SBI c) LIC d) None of the above. Economics Objective Questions contains 10 questions. 6. (b) Loaning to other banks (a) Any Time Money (b) Open market MCQ quiz on Money and Banking in India Class 12 multiple choice questions and answers on Money and Banking MCQ questions on Money and Banking in India Class 12 objectives questions with answer test pdf for interview preparations, freshers jobs and competitive exams. SSC Finance and Banking MCQ Question With Answer 2021. Which function is the Secondary Function of Commercial Banks ? Get chapterwise CBSE Class 12 Macro Economics NCERT Books PDF online. Which was the second bank in India with limited liability? What happens when central bank increases repo rate? (a) Cash Reserve Ratio (a) Commercial Bank MCQs with answers on Banking in India - Part I 1. (c) Public Debt myCBSEguide has just released Chapter Wise Question Answers for class 12 Economics. (b) 1935 (b) Limited Exchange Area Finance and Business Finance 2. (c) Agriculture Reforms Money is needed for day-to-day transactions. (i) Current deposit. (b) Commodity Money, Metal Money, Paper Money, Credit Money 100000? Time Value of Money 4. (b) Robertson (d) None of the above, Question 15. (c) Automated Teller Machine (b) Cash available with public MCQ Questions for Class 12 Business Studies with Answers were prepared based on the latest exam pattern. Money and Banking Class 12 MCQ with Answers (Multiple choice questions). 11. 500 crores lead to the establishment of total deposits of ₹. If initial deposits are Rs. “Money is what money does”. Which of the following are not included in high powered money? a) Spread b) Margin c) Repo rate d) Bank rate. What is the other name of money whose intrinsic value is much lower than its face value? (d) None of the above, Question 34. (a) Variation in cash reserve ratio of banks What is true for the Central Bank ? Which is the Agency Function of Commercial Banks ? (c) Unit Trust of India RD Sharma Solutions , RS Aggarwal Solutions and NCERT Solutions. Students who are looking for Multiple Choice Type Questions (MCQs) for all subjects can download from here. Free PDF Download of CBSE Class 10 Social Science Economics Chapter 3 Money and Credit Multiple Choice Questions with Answers. Which function leads to uniformity in note circulation? 10 is now available for Rs. Central bank controls credit through : (a) Credit control 62. In which year the second Narsimham Committee was constituted ? Higher Order Thinking Skills (HOTS) download and print. a) Currency held by public b) Cash reserves held by banks c) Demand deposits with banks d) None of the above, a) Currency held by public b) Demand deposits with commercial banks c) Other deposits with RBI d) All of the above, a) M3 = M1 + Net time deposits with banks b) M3 = M2 + savings with post office c) M3 = M2 + net time deposits with bank d) M2 = M3 + currency held with banks, a) All deposits with banks b) Demand deposits with banks c) Other deposits with commercial banks d) All of the above, 22. Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 10 Financial Markets with Answers Pdf free download. Free Online Mock Test for CBSE Class 12 Economics for important topics of all chapters in CBSE Class 12 Economics book. UNIT – VIII. (b) Banker of the Government (c) Act as Trustee (c) Coins (a) Hartley Withers (a) Value determination Which function considers the value of the money in one unit? Students can solve NCERT Class 10 Social Science Money and Credit MCQs with Answers to know their preparation level. What type of loan is advanced by Commercial Banks ? (b) Central Bank (c) 1937 27. Who is the monetary authority in India? (a) Bank rate is an rate at which Central Bank is ready to give credit to commercial banks Which of the following is the function of Central Bank ? (c) Verma Committee (c) Unit Trust of India a) Measure of value b) Medium of exchange c) Store of value d) None of the above. These solutions refer to brief questions with short answers. The system in which trade can be done by exchange of goods and services is, a) Barter system b) Monetary system c) Goods system d) None of the above. All rights reserved. (a) Raja Chelliah Committee a) Bank of issue b) Custodian of cash reserve c) Controller of money supply d) Banker’s bank. 2. Reddy Committee SSC MCQ Question Ans. 4. Ans. (d) All the above, Question 3. (b) Credit Money 26. (c) Prof. Thomas (a) Commercial Bank a) Custodian of cash reserve b) Custodian of foreign exchange c) Bank of issue d) Clearing house function. Which type of currency is issued by Central Bank ? Barter System: It is a system of exchange, where goods are exchange for goods, also known as c-c economy. What is the name of the success story that met the credit needs of the poor, at reasonable rates, in Bangladesh? Who said this: (d) Life Insurance Company of India. SSC MCQ Question Ans. (a) Medium of exchange (c) Savings in the post office What happens when central bank increases margin? (b) Ownership of the Government The primary function of Commercial Bank is ? (c) Private Bank … Every bank is required to maintain a fixed percentage of its assets in the form of cash is called : Register for Online tuition on Vedantu.com to score more marks in CBSE board examination. (c) 1997 Narasimham Committee is related to what: 500 and LRR is 10%, what is money multiplier? (c) Commerical Banks What happens when central bank sale securities in open market? What is the rate at which central bank gives loan to commercial bank without collateral? What happens when central bank reduces repo rate? (a) To make Deferred Payments A bank whose name is included in 2 nd Schedule of Reserve Bank of India is called a scheduled bank.. Q. (c) Social Function Access full series of free online mock tests with answers from Economics Class 12. We have provided Money and Banking Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. (d) All of these, Question 30. 70. Which of the following is not the primary function of commercial banks? Question 56. MCQ model questions answers of Basic Banking Knowledge for various competitive questions. (a) Medium of Exchange (d) Keynes, Question 6. (a) Bank Rate Which function is highlighted here? Define banking. India follows which system for issuing currency? Which function is highlighted here? QUESTIONS BASED ON HOTS WITH MODEL ANSWERS. Which function is being highlighted here? (b) Harte 18, what is the total price of the bag and the pair of jeans after the discount? ... Chapter 3: Money and Banking. (b) 1981 The MCQs of Economics cover all the chapters and topics, giving students maximum exposure to each topic of Economics. Being the apex bank, the central bank maintains the same relation with the commercial banks as the latter maintains with the public. 1. Central bank maintains the reserve of foreign exchange so that when price rises, the central bank can give the reserve to public. Banking Ombudsman Scheme was announced in the year : (a) Commodity Money, Paper Money, Metal Money a) Narrow money supply b) Broad money supply c) Broken money supply d) None of the above, a) RBI b) Government c) Commercial banks d) Both (a) and (b). Which of the following is the most liquid form of money supply? (b) Money available with the public 31. Which is the major objective of credit control ? (a) 1969 a) RBI b) Government c) Commercial banks d) Ministry of Finance. (b) 1995 Which of the following is the function of money? Sources of Finance 3. (c) Regulates the entire banking system in the country a) Limited legal tender money b) Unlimited legal tender money c) Optional money d) None of the above, 24. (b) Banking Reforms (b) Central Bank 68. (b) Accepting Deposits (d) Industrial Bank, Question 37. Banking Laws Solved MCQs. Jan 12, 2021 - MCQs - Money Commerce Notes | EduRev is made by best teachers of Commerce. What happens when central bank increases SLR? Commercial banks are required to keep an amount with central bank called CRR. The static and dynamic function of money is divided by……………….. 1. What happens when central bank decreases bank rate? It is recommended for the students to practice the given Class 12 Economics chapter wise important questions with the answers. (a) January 22, 1993 Which of the following is not a feature of money supply? Why do banks only keep a fraction of deposits? (c) Improvement in Agriculture 36. Which of the following is not a bank? (a) Lack of Double Coincidence (b) March 15, 1995 (a) Medium of Exchange Instruments of Money Market Finance Markets (MCQs) CH 11: Marketing (VSQ) CH 11: Marketing vs Selling ... Banking - Important Banking Concepts Chapter 4: Production Function (Very Short Question Answers) ... Class 12 Phy. (iii) … 2. (b) Rises (c) Both (a) and (b) (c) Credit Money, Metal Money, Paper Money By managing the responsibility of public debt, central bank acts as, 55. The function of money is: (c) Open Market Operations (d) Variation in bank rate, Answer: (b) Restriction on consumer credit, Question 39. RBI has the sole authority to issue currency in India. (d) None of the above, Answer: (b) Commodity Money, Metal Money, Paper Money, Credit Money, Question 5. What is meant by double coincidence of wants? (c) Y.V. Q. (a) Paper notes (b) Demand deposits (c) Silver coins (d) None of the above (c) Silver coins 21. c) Silver. 44. 42. This document is highly rated by Commerce students and has been viewed 1303 times. (c) Bank rate is the discount rate of the Central Bank Central Bank of India is : Edu. (d) All the above, Question 4. Monetary policy is related with : (d) Which type of deposits gives highest rate of interest? 41. Which of the following is not a function of money ? (a) 1990 (a) Hartley Withers Question 58. Q.1 What is the main function of money in an economy? Which of the following is a qualitative method of credit control ? 69. Measure of deferred payment is ……………….. function of money. a) Custodian of cash reserve b) Bank of issue c) Banker’s bank d) Controller of credit. 10. (d) None of these, Question 48. Basic Banking Knowledge Questions with answers / solution / explanation is given below which is necessary for banking recruitment and other related services. (c) Deposits with post office savings bank Advising bank B. (a) All Scheduled Banks Oudh Commercial Bank was founded in _____. a) It includes money held by public b) It includes money held by banks c) It is a stock concept d) All of the above. SSC Finance and Banking MCQ Question With Answer 2021: 1. Which function removes the problem of double coincidence of wants? Here, we have provided the latest CBSE Class 1 to 12 MCQ Questions with Answers for all subjects to ace up your final examinations. (d) All of these, Question 40. (a) Govt, of India Which one is true ? (a) Reserve Bank of India (a) Agency Function Which is associated with reforms in the banking sector ? (b) 1991 58. SSC MCQ Question Ans. (c) Store of value 61. (d) Infrastructure Reforms, Question 42. 67. By advising the government from time to time, central bank acts as a. 23. (b) \(cash \times \frac{1}{\text { CRR }}\) MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. Students can solve NCERT Class 12 Business Studies Financial Market MCQs Pdf with Answers to know their preparation level. (d) All the above, Question 27. Which committee was constituted for suggesting consumer service improvements in banks ? Ans: The main function of money in an economic system is to facilitate the exchange of goods and services. 75. a) State bank of India b) Punjab National Bank c) Union Bank d) Canara Bank. Which of the following is not a measure of money supply? a) Foreign exchange system b) Paper currency system c) Minimum reserve system d) None of the above. Answers to Economics Objective Questions are available at the end of the last question. 57. (c) 2. 59. (c) Commercial Bank Reserve Bank of India cannot become the owner of any real estate. (a) Bank rate What is the amount which commercial banks are required to keep with central bank compulsorily? economics chapter 1 class 9 mcq with answers Home; Events; Register Now; About Money is matter which is: (d) Narsimham Committee, Question 47. (c) 1997 (a) Reserve Bank of India (b) Self Help Groups (c) The Central Government (d) The President of India. Which of the following is not a commercial bank? (d) Planning Comission, Question 41. a) Money supply increases b) Money supply decreases c) No effect on money supply d) None of the above. Commercial banks work for the purpose of, a) Welfare b) Earning profit c) Both (a) and (b) d) None of the above. (b) To stabilize Exchange Rate (d) All of these, Question 13. Who is the custodian of Indian Banking system ? CBSE class 12 Money and Banking class 12 Notes Economics in PDF are available for free download in myCBSEguide mobile app. 14. By carrying out all the banking activities , central bank acts as, a) Banker b) Agent c) Financial advisor d) None of the above, 54. 45. (d) Unit of account, Question 14. (d) None of these, Question 22. Which of the following is an apex body in India? 51. Who is the guardian of Indian Banking System: Which one is the difficulty of Barter System ? (a) Grameen Bank (b) Reserve Bank (c) Cooperative Bank (d) None of these. (c) 1969 MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. (b) Improvement in Banking ANSWER: d) 1881 Oudh Commercial Bank, the first bank with limited liability managed by Indians, was founded in 1881. Free PDF Download of CBSE Business Studies Multiple Choice Questions for Class 12 with Answers Chapter 10 Financial Market. Meaning of money supply is: (c) Marshall (d) All the above, Question 2. What is the rate at which central bank gives loan to commercial bank with collateral? a) Medium of exchange b) Measure of value c) Store of value d) Standard of deferred payments. 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(d) None of these. (d) All the above, Answer: (c) Accept deposits from customers, Question 24. 4. 33. 20. Question 54. 65. 24, and that of a pair of jeans is Rs. (b) State Bank of India (a) Reserve Bank of India a) Custodian of cash reserve b) Custodian of foreign exchange c) Banker’s bank d) Lender of last resort. (d) All of these, Question 19. (a) Improvement in Taxation Money and Banking Class 12 MCQ with Answers (Multiple choice questions) - CBSE Economics chapter wise MCQ questions (Macroeconomics) Through which method we can withdraw money from the bank: (c) Lack of General Acceptable Measure of Value (a) Advancing Loans 3. What happens when central bank decreases CRR? The CBSE Class 12 Commerce Multiple Choice Questions (MCQs) of Economics at TopperLearning help students solve MCQs from the subject Economics. (d) Only (b) and (c), Question 26. If you have any queries regarding CBSE Class 12 Economics Money and Banking MCQs Multiple Choice Questions with Answers, drop a comment below and we will get back to you soon. “Money is a pivot around which the whole economy clusters.” Who said it ? a) They do not advance loans b) They do not accept deposits c) They neither accept deposits nor advance loans d) None of the above. a) Brings uniformity in note circulation b) Ensures public faith in currency system c) Stabilization in external and internal value of currency d) All of the above, a) Agent b) Banker c) Financial advisor d) All of the above, 53. (b) Goiporia Committee Along with the Reserve Bank of India, Commercial banks are also authorized to issue currency. 2. (b) Difficulty of Division of the Goods a) Goods b) Banks c) Money d) All of the above. What is the difference between amount of loan and market value of securities called? 13. (c) Both (a) and (b) What is the name of money which is usually made of paper? (a) Commercial Bank (b) Store of Value Here, we are sharing very important “ Banking Laws Solved MCQs”. (a) Medium of exchange Check the below NCERT MCQ Questions for Class 12 Economics Chapter 9 Money and Banking with Answers Pdf free download. Advising the government from time to time, central bank Related Terms ) Margin c ) bank c... Sharing very important “ Banking Laws Solved MCQs ” 1991 ( c ) Credit c! Thinking Skills ( HOTS ) download and print are not included in the purview of Ombudsman... Practice the given Class 12 Economics Barter system and money 1 Economics Book solve NCERT 12! ) non-government organisation ( d ) 1998, Question 47 CBSE books bag is Rs when rises... Been viewed 1303 times for Multiple Choice Questions ) c ) Marshall ( d legal... Apex bank, the central bank ( c ) Agriculture Reforms ( ). Download of CBSE Class 12 MCQ with Answers Pdf download of CBSE Business Studies Chapter 10 Financial.! At TopperLearning help students understand the concept very well government from time to time, central bank as! Economics Class 12 Economics Chapter 1 Class 9 MCQ with Answers Home ; Events ; register Now ; About shopping! %, what is the commonly accepted Medium of exchange b ) initial deposit of ₹ chapterwise Class... 1997 ( d ) Narsimham Committee ( c ) A.T.M ssc Finance and Banking Class 12 Economics MCQs with... Cbsenotes ) Inflation Related Terms help to commercial bank with limited liability managed by Indians, was in! Medium of exchange b ) Custodian of foreign exchange c ) Union bank ). - MCQs - money Commerce Notes | EduRev is made by best teachers Commerce. ) loan and market value of securities called central bank called CRR Answer d... A Measure of value d ) None of these, Question 9 coincidence of wants and print Question 25 Vedantu.com. Restructure of weak banks of issue d ) None of the following is not a quantitative method Credit! Rd Sharma Solutions, Rs Aggarwal Solutions and NCERT Solutions bag and the pair of is! Money c ) bank of issue b ) Hawtrey ( c ) No effect money. Bank d ) Standard for deferred payments Economics Chapter 9 money and Banking Class 12 Business Studies MCQs Questions complete... Advance ( d ) Clearing house function d ) government c ) ’. Viewed 1303 times 1913 b ) Custodian of foreign exchange c ) A.T.M ) full bodied money d Industrial! ) Infrastructure Reforms, Question 16 nd Schedule of reserve bank of issue 1 … download Book... Of bank of issue b ) Cheque ( c ) 1997 ( d ) Clearing house function of... Than its face value of a bag is Rs accepted Medium of exchange the primary function of money supply MCQ. Do banks Only keep a fraction of deposits weak banks of issue currency is issued by central compulsorily... Practice Set foreign bank… Now ; About XYZ shopping centre has a half- price.! Needs of the above ) Cooperative bank ( b ) reserve bank of d. 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( a ) commercial bank, Question 18 Pdf as per the latest exam pattern the NCERT. ] ).push ( { } ) ; 4 on Vedantu.com to score more marks in their upcoming examinations. ) government exchange, where goods are exchange for goods, also known as c-c.... 24, and that of a pair of jeans is Rs Question Patterns ssc. Refer to brief Questions with Answers was prepared based on the latest exam pattern ) effect... Chapters and topics, giving students maximum exposure to each topic of Economics Questions ( )! Money c ) Clearing house function d ) bank ( d ) of! Scheduled bank money and banking class 12 mcq with answers Q in one unit have provided Financial Markets with Answers Home ; ;... Service improvements in banks 1917 c ) full bodied money d ) Supervision the apex,... These Solutions refer to brief Questions with Answers were prepared based on latest pattern. Of bank of issue d ) All of the following is the rate at which central bank maintains the relation... In which year the second Narsimham Committee was constituted for suggesting consumer service improvements in banks open market, bank... 1917 c ) Repo rate b ) Store of value b ) SBI c ) Verma (. Crores lead to the establishment of total deposits if LRR is 25 % and initial deposits are Rs reserves central! Cooperative bank ( d ) None of the poor, at reasonable,. Marks in their upcoming board examinations 1997 ( d ) Ministry of Finance Drawing letter b! Hots ) download and print central banks ) RBI b ) Goiporia (! Important Questions with complete Solutions are available for download in mycbseguide website and mobile app so that price... Around which the whole economy clusters. ” who said this: ( a ) of.
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