MCQ Economics Class 12 Chapter 3 Money And Banking Advertisement MacroeconomicsMCQ’s For All Chapters – Macroeconomics Class 12th 1. Barter system refers to that system where in:Goods are exchanged for goodsGoods are not exchanged at allGoods are exchanged for domestic currencyGoods are exchanged for foreign currencyQuestion 1 of 202. Which of the following is related to barter system of exchange ?Double coincidence of wantsCommon unit of valueLimited exchangeBoth (a) and (c)Question 2 of 203. Out of the following , which is the primary function of money supply?Store of valueTransfer of valueMeasure of valueBases of creditQuestion 3 of 204. Which of the following is the adequate definition of money?Any goods which is commonly used as a store of valueAny goods which is exchanged for gold at a fixed rateAny goods which is acceptable to a bankAny goods which is commonly accepted as a medium of exchangeQuestion 4 of 205. Which of the following is the component of M1 measure of money supply?Time depositBill of exchangeTreasury billNone of theseQuestion 5 of 206. Full- bodied money is that money, whose money value and commodity value are:EqualProportionately equalDifferentNone of theseQuestion 6 of 207. Bank money is that money which is:Printed by RBIPrinted by the governmentGenerated in the form of credit creationNone of theseQuestion 7 of 208. Which of the following system governs note issuing in IndiaProportionate systemMinimum reserve systemFixed fiduciary issue systemSimple deposit systemQuestion 8 of 209. In India there are four alternative measures of money supply M1, M2, M3 and M4 of these M1 =Currency with peopleCurrency with people + demand depositsCurrency with people +demand deposits + other deposits with the reserve bankNone of theseQuestion 9 of 2010. Which of the following is not the function of commercial bank?To accept depositsTo offer loansTo provide overdraft facilityTo fix CRRQuestion 10 of 2011. A commercial bank is a bank that:Gives long-term loansCreates creditGives short-term loansAll of theseQuestion 11 of 2012. Which of the following is not concerned with banking organization?Bank rateFiscal deficitCredit creationCash reserve ratioQuestion 12 of 2013. Non- chequeable deposits are those:Against which no cheque can be drawn at any timeAgainst which no money can be withdrawnWhich are called fixed depositAll of theseQuestion 13 of 2014. Credit cards issued by the banks:Encourage Consumer SpendingIncrease Aggregate Demand In the EconomyBoth (a) and (b)None of theseQuestion 14 of 2015. Central bank is an apex bank of the country that:Controls the entire banking system of the countryIssues currencyActs as a banker to the governmentAll of theseQuestion 15 of 2016. Credit control means:Contraction of credit onlyExtension of credit onlyExtension and contraction of money supplyNone of theseQuestion 16 of 2017. Which of the following is not the instrument of credit control?CRRSLRRepo rateManaged floatingQuestion 17 of 2018. The minimum percentage of a bank’s total deposits which is required to be kept with the RBI is called:CRRRepo rateSLRReverse Repo RateQuestion 18 of 2019. Which of the following leads to increase in AD ?Fall in importsIncrease in investment expenditureIncrease in government expenditureAll of theseQuestion 19 of 2020. Deficient or excess demand can be corrected throughFiscal PolicyMonetary PolicyBoth (a) and (b) None of theseQuestion 20 of 20 Loading...
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