MCQ Economics Class 12 Chapter 3 Money And Banking

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Macroeconomics

MCQ’s For All Chapters – Macroeconomics Class 12th

1. What is the commonly accepted medium of exchange?

Question 1 of 20

2. What is an economic exchange without the mediation of money called?

Question 2 of 20

3. What major difficulty does a barter system face?

Question 3 of 20

4. Which is the principal role of money?

Question 4 of 20

5. Money acts as a convenient ________.

Question 5 of 20

6. What happens to the purchasing power of money when the general price level rises?

Question 6 of 20

7. Which function of money allows wealth to be kept for future use?

Question 7 of 20

8. Which of the following is a perishable item mentioned in relation to barter?

Question 8 of 20

9. What describes an economy where financial transactions are carried out through digital information rather than physical notes and coins?

Question 9 of 20

10. Which institution issues the currency of the country in India?

Question 10 of 20

11. In which year did India get its central bank?

Question 11 of 20

12. What is the currency issued by the central bank and held by the public or commercial banks called?

Question 12 of 20

13. What do commercial banks accept from the public?

Question 13 of 20

14. What is the difference between the interest rate paid to depositors and the rate charged to borrowers called?

Question 14 of 20

15. What did Lala issue to people who deposited gold with him?

Question 15 of 20

16. What happened when Lala gave a loan of 25 kg of gold and the gold was deposited again?

Question 16 of 20

17. Why do banks retain a portion of deposited funds?

Question 17 of 20

18. What happens when a bank lends money to a person in the money creation process?

Question 18 of 20

19. In a bank's balance sheet, assets are conventionally recorded on which side?

Question 19 of 20

20. What is the main liability of a bank?

Question 20 of 20


 

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