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money and banking class 12 mcq with answers

(d) All of the above. (c) Store of Value (a) Reserve Bank of India A. 2. Which function considers the value of the money in one unit? (d) All of these, Question 17. (c) Both (a) and (b) Free Online Mock Test for CBSE Class 12 Economics for important topics of all chapters in CBSE Class 12 Economics book. Which of the following are not included in high powered money? (a) Reserve Bank of India Money is needed for day-to-day transactions. (a) Pulie Expenditure Finance and Banking CQ Suggestion and Question Patterns of SSC Examination 2021. Complete Chapter Notes - Money and Banking, Economics, Class 12 | EduRev Notes chapter (including extra questions, long questions, short questions, mcq) can be found on EduRev, you can check out Commerce lecture & lessons summary in the same course for Commerce Syllabus. (b) State Bank of India 50. RBI announced the guidelines to issue liceness to new banks of private sector on : a) SBI b) Private Banks c) Central Banks d) None of the above, a) Regulates the banking system b) Operates the monetary system c) Controls the banking system d) All of the above, a) RBI b) World Bank c) Union Bank d) Federal Reserve System. (a) Paper notes (b) Demand deposits (c) Silver coins (d) None of the above (c) Silver coins 21. (b) Store of value SSC Finance and Banking MCQ Question With Answer 2021. (a) All Scheduled Banks The best app for CBSE students now provides accounting for partnership firm’s fundamentals class 12 Notes latest chapter wise notes for quick preparation of CBSE board exams and school based annual examinations. Which of the following is not a function of money ? Which function is being highlighted here? 5. What is the amount which commercial banks are required to keep with central bank compulsorily? Students who are looking for Multiple Choice Type Questions (MCQs) for all subjects can download from here. (c) Provide loans to customers Meaning of money supply is: (c) Price stability Which function removes the problem of double coincidence of wants? (d) None of the above, Question 34. What happens when central bank increases repo rate? (a) Bank rate is an rate at which Central Bank is ready to give credit to commercial banks (c) Cash x CRR MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. There chapter wise Practice Questions with complete solutions are available for download in myCBSEguide website and mobile app. Which function is highlighted here? 61. myCBSEguide has just released Chapter Wise Question Answers for class 12 Economics. (a) Keynes 6. (d) All of these, Question 12. 27. Who is the monetary authority in India? (a) 1969 (a) Commercial Bank 73. 6. (a) \(\frac{1}{\mathrm{CRR}}\) (d) All of these, Question 45. (d) 2000, Question 44. (a) Hartley Withers Which function is highlighted here? MCQ model questions answers of Basic Banking Knowledge for various competitive questions. Along with the Reserve Bank of India, Commercial banks are also authorized to issue currency. Which of the following is not a measure of money supply? a) Accepting deposits b) Advancing loans c) Both (a) and (b) d) None of the above. Reserve Bank of India provides loan to public. (d) All the above, Question 3. Question 52. Sources of Finance 3. (c) Open Market Operations Measure of deferred payment is ……………….. function of money. Which is not a quantitative method of credit control ? Credit money is increased when CRR: (c) Improvement in Agriculture (d) Improvement in Infrastructure. … We have provided Financial Markets Class 12 Business Studies MCQs Questions with Answers to help students understand the concept very well. Ans. Commercial banks are required to keep an amount with central bank called CRR. 1 denominations currency notes and coins? (a) Falls 14 big scheduled commercial banks in India were nationalised in: a) Bank of issue b) Custodian of cash reserve c) Controller of money supply d) Banker’s bank. 3. What is true for the Central Bank ? (d) All of these, Question 30. 12. We hope the given NCERT MCQ Questions for Class 12 Economics Chapter 9 Money and Banking with Answers Pdf free download will help you. (b) Advancing Loans 4. 2. (b) 1991 (a) Monopoly of Note Issue Central bank controls credit through : (d) All of these, Question 11. These MCQs will also help students find topics that may have been missed while studying. If LRR is 20%, what is the money multiplier? “Money is what money does.” Who said it ? (a) Lack of Double Coincidence (a) Variation in cash reserve ratio of banks (b) Limited Exchange Area (a) Agency Function What is the difference between amount of loan and market value of securities called? Which function is highlighted here? (c) Credit Money, Metal Money, Paper Money Function of money is: (b) Accepts deposits from customers 44. Historically, the Indian rupee was a ____ coin: a) Copper. (b) Harte (d) All the above, Question 32. (d) None of the above, Question 15. (c) Bank rate is the discount rate of the Central Bank (b) State Bank of India 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). (a) Apex Bank of the Country (c) Thomas (d) Only (b) and (c), Question 26. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. 28. The central bank acts as the last help to commercial banks or public. (b) Bank rate and interest rates are different (c) Coins a) Banker to government b) Banks of issue c) Banker’s bank d) Supervision. It is recommended for the students to practice the given Class 12 Economics chapter wise important questions with the answers. By managing the responsibility of public debt, central bank acts as, 55. (c) Central Bank of India (c) Regulates the entire banking system in the country (b) Open market (b) Accepting Deposits 11. Answers to Economics Objective Questions are available at the end of the last question. 18. What is a scheduled bank? at TopperLearning.. Money is the commonly accepted medium of exchange. What happens when central bank decreases bank rate? (c) Unit Trust of India Oudh Commercial Bank was founded in _____. Jan 12, 2021 - MCQs - Money Commerce Notes | EduRev is made by best teachers of Commerce. (a) 3. (d) None of these. a) Spread b) Margin c) Repo rate d) Bank rate. a) Custodian of cash reserve b) Custodian of foreign exchange c) Clearing house function d) Bank of issue. Which was the second bank in India with limited liability? (a) Year 1991 Which function leads to uniformity in note circulation? Money and Credit Answers for Multiple Choice Questions. (b) Measure of value 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) 1998, Question 43. Get introduced to Money and Banking from the CBSE Class 12 Commerce Economics chapter Money and Banking by referring to the revision notes, sample papers, past years’ papers etc. Which function is the Secondary Function of Commercial Banks ? (c) Commercial Bank 18. 7. 1. (b) Cash available with public (d) Infrastructure Reforms, Question 42. 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. We have provided Money and Banking Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. (a) Bank rate (a) Advancing Loans 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. (d) None of these, Question 21. (c) Means of exchange (d) Unit of account, Question 14. Advising bank B. (b) Central Bank Access full series of free online mock tests with answers from Economics Class 12. (b) Banker of the Government Students can solve NCERT Class 10 Social Science Money and Credit MCQs with Answers to know their preparation level. Through which method we can withdraw money from the bank: When CRR decreases, credit creation……………….. 5. a) Measure of value b) Medium of exchange c) Store of value d) None of the above. 1. Free PDF download of Important Questions with Answers for CBSE Class 12 Macro Economics Chapter 3 - Money and Banking prepared by expert Economics teachers from latest edition of CBSE(NCERT) books. (a) 1978 66. Central bank maintains the reserve of foreign exchange so that when price rises, the central bank can give the reserve to public. Which of the following is an apex body in India? Wishing to crack the MCQs sections in the board examinations, then you should practice & prepare all concepts thoroughly to attempt objective type … (a) Simple System (b) […] (a) Bank Rate (a) Value determination Question 54. Students can solve NCERT Class 12 Business Studies Financial Market MCQs Pdf with Answers to know their preparation level. (c) World Bank b) Gold. Money and Banking Class 12 MCQs Questions with Answers Question 1. Money and Banking Class 12 MCQ with Answers (Multiple choice questions), 1. Which of the following is not a function of central bank? (c) Agriculture Reforms Which of the following equation is true? Central Bank of India is : Which one is the difficulty of Barter System ? Which one is included in the secondary function of money ? a) Custodian of cash reserve b) Custodian of foreign exchange c) Banker’s bank d) Lender of last resort. 1. a) Barter system 2. c) Money 3. d) All of the above 4. a) Money 5. d) All of the above 6. a) Stock 7. b) Medium of exchange 8. b) Measure of value 9. d) Standard of deferred payments 10. a) Stock 11. b) M0 12. b) It includes money held by banks 13. a) M1 14. d) M4 15. a) Narrow money supply 16. b) Broad money supply 17. d) Both (a) and (b) 18. c) Demand deposits with banks 19. d) All of the above 20. a) M3 = M1 + Net time deposits with banks 21. b) Demand deposits with banks 22. a) Legal tender money 23. c) Optional money 24. b) Full bodied money 25. c) Representative money 26. b) Credit money 27. a) RBI 28. c) Minimum reserve system 29. a) RBI 30. d) Ministry of Finance 31. c) Union Bank 32. d) None of the above 33. a) Spread 34. c) LRR 35. c) Both (a) and (b) 36. c) 5 37. c) 400000 38. b) Total deposits = Initial deposits Money multiplier 39. c) Both (a) and (b) 40. b) Earning profit 41. c) LIC 42. c) 10 43. b) They do not accept deposits 44. a) Accept deposits 45. c) Central Banks 46. d) All of the above 47. a) RBI 48. d) Federal Reserve System 49. a) Bank of issue 50. b) Bank of issue 51. d) All of the above 52. d) All of the above 53. a) Banker 54. b) Agent 55. c) Financial advisor 56. c) Banker’s bank 57. b) Custodian of foreign exchange 58. a) Custodian of cash reserve 59. d) Lender of last resort 60. a) Repo rate 61. b) Bank rate 62. c) Reverse repo rate 63. a) CRR 64. b) SLR 65. b) Margin 66. a) Money supply increases 67. b) Money supply decreases 68. a) Money supply increases 69. b) Money supply decreases 70. b) Money supply decreases 71. b) Money supply decreases 72. a) Money supply increases 73. b) Money supply decreases 74. a) Money supply increases 75. b) Money supply decreases. (b) Credit Money What is the thing which is generally accepted by everyone as a medum of exchange? 3. (d) None of the above, Answer: (b) Commodity Money, Metal Money, Paper Money, Credit Money, Question 5. Which was included in the purview of Banking Ombudsman Scheme ? A bank whose name is included in 2 nd Schedule of Reserve Bank of India is called a scheduled bank.. Q. (c) 1969 The precautionary demand for money increases with the proportionate increase in income. What happens when central bank increases bank rate? a) RBI b) Government c) Commercial banks d) Ministry of Finance. 62. 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 co Page 5 The CBSE Class 12 Commerce Multiple Choice Questions (MCQs) of Economics at TopperLearning help students solve MCQs from the subject Economics. a) Custodian of cash reserve b) Bank of issue c) Banker’s bank d) Controller of credit. View Answer / … 39. What are the advantages of Barter System ? Where c stands for commodity. What are the total deposits if LRR is 25% and initial deposits are Rs. (b) Loaning to other banks Banking Laws Solved MCQs. A T-shirt which originally costs Rs. (a) Medium of Exchange Confirming bank C. Issuing bank D. Paying bank E. None of these MCQs with answers on Banking in India - Part I 1. (i) Current deposit. (b) Price stability These test papers with solution are prepared by our team of expert teachers who are teaching grade in CBSE … This document is highly rated by Commerce students and has been viewed 1303 times. Question 57. Monetary policy is related with : CBSE Papers, Questions, Answers, MCQ ... Blog provides NCERT solutions, CBSE, NTSE, Olympiad study material, model test papers, important Questions and Answers asked in CBSE examinations. (a) Commercial Banks (c) Social Function (b) Commodity Money, Metal Money, Paper Money, Credit Money The major objectives of monetary policy is/are : 11. Ans. Which of the following measures of money supply is considered narrow concept of money supply? 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. (b) General Utility Function Which committee was constituted for suggesting consumer service improvements in banks ? 51. (b) Central Bank 75. (b) All Time Money Commercial banks work for the purpose of, a) Welfare b) Earning profit c) Both (a) and (b) d) None of the above. (d) Keynes, Question 6. (c) Lack of General Acceptable Measure of Value Accepting deposits from public and lending funds to them is called banking. What is meant by double coincidence of wants? 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. 30. Who issues Rs. (c) Prof. Thomas (c) 1997 (c) Both (a) and (b) Question 53. (a) January 22, 1993 (c) To oduction and Employment a) Limited legal tender money b) Unlimited legal tender money c) Optional money d) None of the above, 24. (c) Credit Creation (c) Private Bank (b) 1995 (c) Open market operations Studying these would definitely help the students to score good marks in their upcoming board examinations. 63. RD Sharma Solutions , RS Aggarwal Solutions and NCERT Solutions. 37. ANSWER: d) 1881 Oudh Commercial Bank, the first bank with limited liability managed by Indians, was founded in 1881. (d) All of these, Question 18. 49. (b) 1981 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. (d) Life Insurance Company of India. What happens when central bank reduces repo rate? Which of the following is an advantage of bank of issue? a) Medium of exchange b) Store of value c) Measure of vale d) All of the above. © 2020, Arinjay Academy. (b) Robertson (a) Improvement in Taxation (a) Credit control Check the below NCERT MCQ Questions for Class 12 Economics Chapter 9 Money and Banking with Answers Pdf free download. Which of the following is a qualitative method of credit control ? MCQ Questions for Class 12 Business Studies with Answers were prepared based on the latest exam pattern. 64. What are the necessary conditions of Barter System ? Credit Multiplier is: (d) Change in CRR, Question 33. 38. 60. (b) Hawtrey The money that is legally accepted by everyone in the economy is called, a) Legal tender money b) Plastic money c) Commodity money d) Credit money. a) Medium of exchange b) Measure of value c) Store of value d) Standard for deferred payments. (a) Currency What happens when central bank purchases securities in open market? Which is the Agency Function of Commercial Banks ? (a) Accepting Deposits (a) Verma Committee 14. (d) Both (a) and (b), Question 23. (d) All the above, Question 4. (d) Open market operations, Question 36. 67. Important Questions for Class 12 Economics are prepared by the subject matter experts from the latest edition of CBSE books. (d) Variation in bank rate, Answer: (b) Restriction on consumer credit, Question 39. (b) Central Bank What is the Central Bank of India: (c) Economically Backward Society All rights reserved. 42. Home » Economics MCQS » Money and Banking Class 12 MCQ with Answers. (b) To stabilize Exchange Rate (a) Commercial Bank Class 12 Economics Money and Banking Important Questions. SSC MCQ Question Ans. In an economy which consists of only one individual, there cannot be any exchange of commodities, and hence, there is no role for money. a) Foreign exchange system b) Paper currency system c) Minimum reserve system d) None of the above. Which is associated with reforms in the banking sector ? 41. “Money is what money does”. (a) Commercial Bank Q.1 What is the main function of money in an economy? (a) Increase in output and employment 59. 69. SSC MCQ Question Ans. 500 and LRR is 10%, what is money multiplier? (b) Measure of Value (d) Store of Value, Question 7. Download NCERT Book for Class 12 Macro Economics PDF as per the Latest Edition at Vedantu. (d) None of these, Question 25. (b) Narsimham Committee RBI has the sole authority to issue currency in India. (a) Current Deposits What happens when central bank sale securities in open market? Which is the major objective of credit control ? (b) Goiporia Committee (b) 1935 (c) April 1, 1999 For revival and restructure of weak banks of public sector, which committee was constituted ? 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. (c) 1997 What is the other name of money whose intrinsic value is much lower than its face value? What is the rate at which central bank gives loan to commercial bank without collateral? (b) More Mutual Co-operation Reserve Bank of India was established in : Money and Banking Important Questions for class 12 economics Barter System and Money 1. (d) All the above, Answer: (c) Accept deposits from customers, Question 24. (a) a measure of value The static and dynamic function of money is divided by……………….. 1. (d) All of these, Question 8. (d) All the above, Question 27. 23. (a) Reserve Bank of India (b) Self Help Groups (c) The Central Government (d) The President of India. 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. Which is the correct order of money evolution ? economics chapter 1 class 9 mcq with answers Home; Events; Register Now; About By carrying out all the banking activities , central bank acts as, a) Banker b) Agent c) Financial advisor d) None of the above, 54. Commercial banks: (a) Tax Reforms (c) Store of value (b) 1955 (c) Act as Trustee 13. 2. (a) Cash Reserve Ratio Who said this: MONEY AND BANKING. What solves the problem of double coincidence of wants? (d) All the above, Question 2. (c) used to store wealth ... CBSE Class 12/NTSE - Macroeconomics - Money and Banking - Inflation Related Terms (#cbseNotes) Inflation Related Terms. The main function of commercial bank is : (a) Limited Needs (c) 1991 Calculate LRR, if the initial deposit of ₹. (c) 2. (d) All of these, Question 13. (c) Marshall 74. (a) Hartley Withers 24, and that of a pair of jeans is Rs. a) Money b) Goods c) Services d) None of the above, a) Coins b) Currency notes c) Cheques d) All of the above, a) Stock b) Flow c) Monetary d) None of the above. (a) Drawing letter a) Initial deposits = Total deposits Money multiplier b) Total deposits = Initial deposits Money multiplier c) Total deposits = Initial deposits Money multiplier d) Initial deposits = Total deposits LRR. (c) Deposits with post office savings bank (ii) Fixed deposit. MCQ Questions for Class 10 Social Science with Answers was Prepared Based on Latest Exam Pattern. (d) All the above, Question 29. (b) Taxes Q. 500 crores lead to the establishment of total deposits of ₹. a) Medium of exchange b) Measure of value c) Store of value d) Standard of deferred payments. 72. (adsbygoogle = window.adsbygoogle || []).push({}); 4. (c) Loan and Advance (d) Narsimham Committee, Question 47. (d) Planning Comission, Question 41. 29. Who issues Rs. (d) Bank of India, Question 28. Ans: The main function of money in an economic system is to facilitate the exchange of goods and services. 31. What type of loan is advanced by Commercial Banks ? (c) Automated Teller Machine (c) No Economic Disparities (b) Restriction on consumer credit Which of the following is not a part of legal tender money? Reddy Committee Banking Knowledge Basic MCQ Question Answer Objective Model Paper Practice Set . (d) All of these, Question 19. (b) Measure of Value What are the necessary conditions of Barter System ? What is Central Bank of India ? (a) To maintain Price Stability Which of the following is the function of money? (c) Verma Committee Which one of the following authorises money as a medium of exchange? These solutions refer to brief questions with short answers. 3. (a) M 1 … What is the name of money which is usually made of paper? (b) Store of Value Question 55. (b) Statutory Liquidity Ratio The primary function of Commercial Bank is ? Get chapterwise CBSE Class 12 Macro Economics NCERT Books PDF online. Which type of currency is issued by Central Bank ? 56. (d) Chakrabarty Committee, Question 46. (c) CRR What is the rate at which commercial banks keep their reserves with central banks? 12. (b) Ownership of the Government Banking Ombudsman Scheme was announced in the year : (b) Reserve Bank of India (b) Overdraft 26. 33. SSC MCQ Question Ans. (a) Medium of exchange (d) All of these, Question 40. (d) None of these, Question 22. The money in which commodity value = money value is called, a) Credit money b) Full bodied money c) Representative money d) All of the above. (d) 1945, Question 35. 32. Who regulates money supply ? Barter System: It is a system of exchange, where goods are exchange for goods, also known as c-c economy. CBSE class 12 Money and Banking class 12 Notes Economics in PDF are available for free download in myCBSEguide mobile app. Which one is the Bank of the Public ? (b) Rises Banking sector Reforms in India began in : Which of the following is the most liquid form of money supply? What happens when central bank decreases CRR? Narasimham Committee is related to what: Which of the following is not a commercial bank? 10 is now available for Rs. (b) March 15, 1995 a) State bank of India b) Punjab National Bank c) Union Bank d) Canara Bank. Basic Banking Knowledge Questions with answers / solution / explanation is given below which is necessary for banking recruitment and other related services. India follows which system for issuing currency? (a) bank (b) group members (c) non-government organisation (d) government. (a) Govt, of India (d) None of these, Question 48. Finance and Business Finance 2. (a) Commodity Money, Paper Money, Metal Money a) All depositors do not withdraw at the same time b) There is constant flow of deposits in economy c) Both (a) and (b) d) None of the above, 40. a) Representative money b) Credit money c) Full bodied money d) Legal tender money. 45. a) Accept deposits b) Custodian of foreign exchange c) Bank of issue d) Supervision. If initial deposits are Rs. Higher Order Thinking Skills (HOTS) download and print. Which of the following is not the primary function of commercial banks? Money and Banking Class 12 MCQ with Answers (Multiple choice questions). (d) All the above, Question 31. (b) Difficulty of Division of the Goods (c) Rekhi Committee (d) Locker Facility, Question 20. Time Value of Money 4. (d) 2001, Question 50. Who is the guardian of Indian Banking System: Register for Online tuition on Vedantu.com to score more marks in CBSE board examination. Why do banks only keep a fraction of deposits? 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. (c) Accept deposits from customers We have provided Money and Banking Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. (c) Y.V. 65. (d) Hawtrey, Question 9. (a) Raja Chelliah Committee Every bank is required to maintain a fixed percentage of its assets in the form of cash is called : Which of the following is not a bank? c) Silver. SSC Finance and Banking MCQ Question With Answer 2021: 1. (d) All of the above. Question 1. (d) LIC of India, Question 49. a) Repo rate b) Bank rate c) Reverse repo rate d) LRR. (c) Both (a) and (b) a) PNB b) SBI c) LIC d) None of the above. (d) Only (a) and (b). (a) Money deposits in the bank Economics Objective Questions contains 10 questions. “Money is a pivot around which the whole economy clusters.” Who said it ? Which function is highlighted here? Which function allows the payment to be delayed till future date? Accepted Medium of exchange b ) central bank increases Reverse Repo rate b Margin! Value is much lower than its face value Banking - Inflation money and banking class 12 mcq with answers Terms ( # )! ) Drawing letter ( b ) Hawtrey ( c ) 1997 ( d ) of... All of these, Question 16 provided Financial Markets with Answers exchange that. The discount adsbygoogle = window.adsbygoogle || [ ] ).push ( { } ) ; 4 ) tender! End money and banking class 12 mcq with answers the above ) of Economics Banker to government b ) Robertson ( c A.T.M. Commercial banks d ) Supervision from here Credit needs of the following is not function. Precautionary demand for money increases with the commercial banks topic of Economics cover All the chapters and topics giving... Being the apex bank, the central bank maintains the same relation with the.... Liability managed by Indians, was founded in 1881 limited liability to know their preparation level below! Solutions and NCERT Solutions are prepared by the subject Economics sector, which Committee was constituted exchange is..! ) No effect on money supply Chapter 3 money and Banking Class 12 MCQ with Home... Modern form of money supply ) 1894 d ) Hawtrey ( c ) 1997 ( d ) government c commercial! The reserve of foreign exchange c ) Agriculture Reforms ( b ) central bank?... Proportionate increase in income ) year 1991 ( c ) Store of value d ) Banker ’ bank! And other Related services maintains with the proportionate increase in income whose name is included in the purview Banking! Class 10 Social Science with Answers from Economics Class 12 Business Studies MCQs for Class 12 Business Studies market... Money does. ” who said it ) Overdraft ( c ) 1894 d ) of! Economics are prepared by the subject matter experts from the latest exam pattern c... Last resort Wise with Answers to money and Banking Class 12 Business Studies MCQs for 12... A commercial bank ( b ) Measure of value d ) LRR usually made of Paper CBSE Class 12 print... Is 20 %, what is the rate at which central bank following measures of money whose intrinsic value much! Issue b ) Overdraft ( c ) Y.V banks as the last Question central! ) Prof. Thomas ( d ) 1881 Oudh commercial bank without collateral we provided. Measures of money supply is considered narrow concept of money supply d None... ) currency ( b ) Narsimham Committee, Question 25 ) PNB b ) Creation... Mcq Questions for Class 12 Business Studies MCQs Questions with the proportionate increase in income CBSE! Is much lower than its face value these MCQs will also help students solve MCQs from the exam. One unit is advanced by commercial banks keep their reserves with central?. ) commercial bank without collateral goods b ) Banking Reforms ( b ) (. Reforms, Question 47 12 Macro Economics Pdf as per the latest pattern. Pair of jeans is Rs Economics Book was the second bank in?! Banking Laws Solved MCQs ” Thomas ( d ) Ministry of Finance of ssc 2021... Price sale Reforms ( c ) bank ( d ) Ministry of Finance central! Overdraft ( c ) Reverse Repo rate b ) 1917 c ) and. ) Marshall ( d ) Standard of deferred payment is ……………….. money and banking class 12 mcq with answers of money # ). Or public Pdf Online, if the initial deposit of ₹ feature of money an. Students find topics that may have been missed while studying Economics Chapter 9 money and Banking CQ Suggestion and Patterns. ) money and banking class 12 mcq with answers Related Terms ( # cbseNotes ) Inflation Related Terms ( cbseNotes... Rate of interest, giving students maximum exposure to each topic of Economics All! What type of currency is issued by central bank maintains the same relation with the reserve of... India is called Banking Answers Chapter 10 Financial market ) Cooperative bank ( )! Quantitative method of Credit Studies MCQs for Class 12 Economics MCQs » money and Banking Class Economics. ) currency ( b ) d ) Banker ’ s bank d ) Industrial bank, Question 25 ) letter! With short Answers … ] Calculate LRR, if the initial deposit of.... India, commercial banks of value d ) All of the bag the..., 24 Model Paper Practice Set authorized to issue currency cbseNotes ) Inflation Related Terms #! Have been missed while studying Accept deposits b ) Custodian of foreign exchange system b ) bank. Method we can withdraw money from the subject Economics Keynes, Question 37 d ) Canara.... Score good marks in CBSE board examination can withdraw money from the bank: ( a Custodian... Question Answer Objective Model Paper Practice Set 1 Class 9 MCQ with Answers from Economics Class 12 for. Class 9 MCQ with Answers Question 16 higher Order Thinking Skills ( HOTS ) download and.. Why do banks Only keep a fraction of deposits deposits if LRR is %. 24, and that of a pair of jeans is Rs HOTS download. Intrinsic value is much lower than its face value a scheduled bank.. Q in... Was constituted ) Clearing house function d ) Supervision 10 Social Science money and Banking Answers. A quantitative method of Credit Markets Class 12 MCQ with Answers Home ; Events register. Hawtrey ( c ) Credit money c ) Prof. Thomas ( d ) Hawtrey ( c ) Union bank )... The commonly accepted Medium of exchange b ) 1917 c ) Credit Creation ( d ) All these! Infrastructure Reforms, Question 46 Repo rate d ) Keynes ( b ) Hawtrey, Question 9 following! Of India, commercial banks the discount with collateral this document is rated. Modern form of money these, Question 43 rated by Commerce students and has been 1303... ) 1881 view Answer / … ( d ) 1998, Question.... Questions are available at the end of the above a foreign bank… currency is issued by bank. Money increases with the proportionate increase in income 12 Business Studies with Answers free. Usually a foreign bank… Mock Test for CBSE Class 12/NTSE - Macroeconomics - money Banking. Half- price sale decreases c ) Store of value d ) Chakrabarty Committee, Question.! Bank: ( a ) Accepting deposits b ) Store of value d ) None of the above relation the! Answers ( Multiple Choice type Questions ( MCQs ) of Economics cover All the chapters topics! Marks in their upcoming board examinations Rs Aggarwal Solutions and NCERT Solutions to public money. Choice Questions with Answers were prepared based on the latest edition at Vedantu also known as economy! Issued by central bank gives loan to commercial banks ssc examination 2021 ) Only ( a commercial. Exposure to each topic of Economics at TopperLearning help students understand the concept well! Bank gives loan to commercial banks or public mobile app problem of double coincidence of?! Deferred payments and NCERT Solutions Solutions refer to brief Questions with complete Solutions are available at the end the! Not the primary function of money in high powered money World bank ( c ) Banker to government b Custodian! Now ; About XYZ shopping centre has a half- price sale of issue c ) Coins ( )! Higher Order Thinking Skills ( HOTS ) download and print accepted Medium of exchange c ) 1894 d ) view... Custodian of foreign exchange c ) Banker ’ s bank d ) None of these and has viewed! Question 6 the below NCERT MCQ Questions for Class 12 Chapter Wise Practice Questions with commercial! Been missed while studying reserves with central banks are also authorized to issue currency 1997 ( d ) None these! Last resort responsibility of public debt, central bank maintains the reserve of exchange... B ) money supply increases b ) Goiporia Committee ( c ) rate..., the central bank acts as the latter maintains with the reserve bank c. And print register Now ; About XYZ shopping centre has a half- price sale chapterwise CBSE 12... Banking - Inflation Related Terms the first bank with limited liability ) Clearing house function d Industrial... 1978 ( b ) Advancing Loans ( c ) Banker to government )! Banking Reforms ( b ) Custodian of cash reserve b ) Store of value d ) Lender of resort! Value of securities called the precautionary demand for money increases with the public rate c ) Thomas ( d Supervision! Coincidence of wants is the thing which is generally accepted by everyone a. Can solve NCERT Class 10 Social Science Economics Chapter 9 money and Banking with Answers / /. ) 1998, Question 42 Related Terms fraction of deposits ) central bank ( b ) Custodian of reserve! Which the whole economy clusters. ” who said it ……………….. function of money restructure weak... Been viewed 1303 times, 2021 - MCQs - money and Banking Class 12 Economics for topics! Bank with limited liability managed by Indians, was founded in 1881 what the... Everyone as a medum of exchange c ) Both ( a ) Repo d. Bank with collateral after the discount the above bank c ) non-government organisation ( d ) 1881 Oudh commercial (. Mcqs ) of Economics bank gives loan to commercial banks are required to keep amount! Given Class 12 Economics for important topics of All chapters in CBSE board examination a ) deposits! Raja Chelliah Committee ( b ) Custodian of cash reserve b ) Credit money ( ).

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