(a) Simple System (a) Hartley Withers (d) Store of Value, Question 7. Which of the following measures of money supply is considered narrow concept of money supply? (b) Credit Money Which one is the Bank of the Public ? 33. 8. Which of the following is not a part of legal tender money? 50. 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. Studying these would definitely help the students to score good marks in their upcoming board examinations. 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. Reserve Bank of India provides loan to public. The bank generates……………….. deposits in credit creation. (d) Unit of account, Question 14. (c) Public Debt (a) Medium of Exchange (c) A.T.M. RBI has the sole authority to issue currency in India. (c) Savings in the post office (d) Open market operations, Question 36. 23. We have provided Financial Markets Class 12 Business Studies MCQs Questions with Answers to help students understand the concept very well. (d) Change in CRR, Question 33. What is the difference between amount of loan and market value of securities called? (c) Credit Creation Which of the following is not a feature of money supply? Finance and Banking CQ Suggestion and Question Patterns of SSC Examination 2021. (d) None of these, Question 21. 4. (a) Drawing letter Question 57. (d) All the above, Question 3. (b) Moral Suasion 66. (d) All of these, Question 40. Business Studies MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. (ii) Fixed deposit. (c) 1997 Which is not a quantitative method of credit control ? 3. Which of the following is a qualitative method of credit control ? Banking Ombudsman Scheme was announced in the year : (adsbygoogle = window.adsbygoogle || []).push({}); 4. (c) Central Bank of India 60. (c) Store of value Question 1. Advising bank B. The precautionary demand for money increases with the proportionate increase in income. 56. (c) CRR (a) Medium of Exchange (a) Money deposited in bank Credit money is increased when CRR: (d) Locker Facility, Question 20. What type of loan is advanced by Commercial Banks ? (d) All the above, Question 31. (c) Y.V. (b) 1955 Which is associated with reforms in the banking sector ? d) Bronze. What happens when central bank increases reverse repo rate? MONEY AND BANKING. 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) Variation in cash reserve ratio of banks Who regulates money supply ? (a) Cash Reserve Ratio (c) Open Market Operations (a) January 22, 1993 (b) Advancing Loans 6. (d) Narsimham Committee, Question 47. (a) Any Time Money What are the necessary conditions of Barter System ? Meaning of money supply is: Which is the correct order of money evolution ? 2. Answers to Money and Banking Class 12 MCQ with Answers are available at the end of the last question. What are the necessary conditions of Barter System ? 1. In which year the second Narsimham Committee was constituted ? Home » Economics MCQS » Money and Banking Class 12 MCQ with Answers. Which of the following is not a commercial bank? (c) 2. (a) Falls (b) General Utility Function © 2020, Arinjay Academy. Given that the original price of a bag is Rs. Accepting deposits from public and lending funds to them is called banking. What are the total deposits if LRR is 25% and initial deposits are Rs. 6. Sources of Finance 3. If LRR is 20%, what is the money multiplier? Which function is highlighted here? (b) State Bank of India a) Goods b) Banks c) Money d) All of the above. (a) Commercial Bank Higher Order Thinking Skills (HOTS) download and print. Access full series of free online mock tests with answers from Economics Class 12. 29. Who issues Rs. Which function is highlighted here? What happens when central bank increases margin? (a) Limited Needs (iii) … (d) Bank of India, Question 28. 7. (d) Keynes. (d) Hawtrey, Question 9. Central bank maintains the reserve of foreign exchange so that when price rises, the central bank can give the reserve to public. The difference between two interest rates is called: a) Spread b) Margin c) Profit d) None of the above, 34. (a) Commercial Bank (a) Verma Committee 67. (a) Agency Function Question 58. (b) Commodity Money, Metal Money, Paper Money, Credit Money Historically, the Indian rupee was a ____ coin: a) Copper. (b) More Mutual Co-operation 4. (d) Only (b) and (c), Question 26. 18. 10 is now available for Rs. Who is the guardian of Indian Banking System: (d) None of the above, Answer: (b) Commodity Money, Metal Money, Paper Money, Credit Money, Question 5. What is the other name of money whose intrinsic value is much lower than its face value? 39. economics chapter 1 class 9 mcq with answers Home; Events; Register Now; About (c) Both (a) and (b) (c) Store of Value (a) Commercial Banks The main function of commercial bank is : Q.1 What is the main function of money in an economy? Which of the following is the most liquid form of money supply? What is the thing which is generally accepted by everyone as a medum of exchange? (a) Increase in output and employment (a) Apex Bank of the Country 14. (d) All of these, Question 12. (d) None of these, Question 48. (b) \(cash \times \frac{1}{\text { CRR }}\) Money and Banking Class 12 MCQ with Answers (Multiple choice questions). (a) Simple System (b) […] 51. What happens when central bank purchases securities in open market? This document is highly rated by Commerce students and has been viewed 1303 times. a) PNB b) SBI c) LIC d) None of the above. 2. (a) Reserve Bank of India a) Custodian of cash reserve b) Custodian of foreign exchange c) Banker’s bank d) Lender of last resort. What is the rate at which commercial banks keep their reserves with central banks? By carrying out all the banking activities , central bank acts as, a) Banker b) Agent c) Financial advisor d) None of the above, 54. 68. (b) Central Bank What is the rate at which central bank gives loan to commercial bank with collateral? 10. (a) \(\frac{1}{\mathrm{CRR}}\) What is a scheduled bank? (d) All of these, Question 45. (c) 1969 Which of the following are not included in high powered money? (b) 1935 (a) Govt, of India Banking Knowledge Basic MCQ Question Answer Objective Model Paper Practice Set . Question 56. (c) used to store wealth (c) Commerical Banks (d) 1945, Question 35. (d) All of these, Question 18. (b) Improvement in Banking (c) Time Deposits (c) Agriculture Reforms What are the advantages of Barter System ? SSC Finance and Banking MCQ Question With Answer 2021: 1. myCBSEguide has just released Chapter Wise Question Answers for class 12 Economics. (a) 1990 (c) Lack of General Acceptable Measure of Value (c) Improvement in Agriculture MCQs with answers on Banking in India - Part I 1. 3. Banking sector Reforms in India began in : 49. 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. Which one is the difficulty of Barter System ? 2. 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It is recommended for the students to practice the given Class 12 Economics chapter wise important questions with the answers. (c) Loan and Advance a) Custodian of cash reserve b) Custodian of foreign exchange c) Clearing house function d) Bank of issue. View Answer / … (a) 3. 63. Money and Banking Class 12 MCQ with Answers (Multiple choice questions), 1. 25. What happens when central bank increases bank rate? CBSE Class 12 Economics HOTs Money and Banking. (c) Bank rate is the discount rate of the Central Bank What happens when central bank sale securities in open market? 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) 1947 41. What happens when central bank decreases CRR? 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. (b) Goiporia Committee (b) March 15, 1995 (d) All the above, Answer: (c) Accept deposits from customers, Question 24. What is the amount which commercial banks are required to keep with themselves compulsorily? (c) Unit Trust of India (b) Co-operative Banks 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. The central bank acts as the last help to commercial banks or public. 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. a) Money supply increases b) Money supply decreases c) No effect on money supply d) None of the above. (d) All of the above. c) Silver. Ans: The main function of money in an economic system is to facilitate the exchange of goods and services. Oudh Commercial Bank was founded in _____. (d) All of the above. (d) 1998, Question 43. 20. Time Value of Money 4. All rights reserved. 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) Raja Chelliah Committee (d) Both (a) and (b), Question 23. (c) Regulates the entire banking system in the country Question 54. 58. “Money is a pivot around which the whole economy clusters.” Who said it ? (b) Cheque Reddy Committee (d) All of these, Question 11. Register for Online tuition on Vedantu.com to score more marks in CBSE board examination. a) 1913 b) 1917 c) 1894 d) 1881 View Answer / Hide Answer. (b) State Bank of India Reserve Bank of India cannot become the owner of any real estate. Ans. Here, we are sharing very important “ Banking Laws Solved MCQs”. 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. (d) Planning Comission, Question 41. (b) Hawtrey a) Custodian of cash reserve b) Custodian of foreign exchange c) Bank of issue d) Clearing house function. SSC MCQ Question Ans. 11. 72. (c) Cash x CRR (d) All of the above. 38. Question 52. (d) None of these, Question 25. QUESTIONS BASED ON HOTS WITH MODEL ANSWERS. (a) 1969 (d) LIC of India, Question 49. Monetary policy is related with : (c) Verma Committee 12. (c) To oduction and Employment Which is the major objective of credit control ? (a) Issue currency notes a) State bank of India b) Punjab National Bank c) Union Bank d) Canara Bank. The CBSE Class 12 Commerce Multiple Choice Questions (MCQs) of Economics at TopperLearning help students solve MCQs from the subject Economics. (c) Provide loans to customers “Money is what money does.” Who said it ? (c) Both (a) and (b) 13. (c) Both (a) and (b) a) Representative money b) Credit money c) Full bodied money d) Legal tender money. Economics Objective Questions contains 10 questions. The function of money is: SSC Finance and Banking MCQ Question With Answer 2021. 57. 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. (c) Economically Backward Society What happens when central bank decreases bank rate? (a) Value determination Basic Banking Knowledge Questions with answers / solution / explanation is given below which is necessary for banking recruitment and other related services. a) Measure of value b) Medium of exchange c) Store of value 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. Central bank controls credit through : These solutions refer to brief questions with short answers. 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. 69. The static and dynamic function of money is divided by……………….. 1. What happens when central bank increases repo rate? a) Banker to government b) Banks of issue c) Banker’s bank d) Supervision. (a) Medium of exchange Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 10 Financial Markets with Answers Pdf free download. (c) Open market operations Measure of deferred payment is ……………….. function of money. By advising the government from time to time, central bank acts as a. MCQ model questions answers of Basic Banking Knowledge for various competitive questions. (c) Means of exchange (a) Improvement in Taxation a) Accepting deposits b) Advancing loans c) Both (a) and (b) d) None of the above. What is the name of money which is usually made of paper? (a) Tax Reforms By managing the responsibility of public debt, central bank acts as, 55. (b) Store of value 2. Every bank is required to maintain a fixed percentage of its assets in the form of cash is called : Q. Money and Credit Answers for Multiple Choice Questions. What solves the problem of double coincidence of wants? These MCQs will also help students find topics that may have been missed while studying. (a) Accepting Deposits During the documentary credit, which of the following, banks is usually a foreign bank…? Where c stands for commodity. a) Medium of exchange b) Measure of value c) Store of value d) Standard of deferred payments. 74. (d) Industrial Bank, Question 37. 500 crores lead to the establishment of total deposits of ₹. What is meant by double coincidence of wants? (b) Taxes India follows which system for issuing currency? (d) Keynes, Question 6. (b) Accepting Deposits (c) Unit Trust of India What is the rate at which central bank gives loan to commercial bank without collateral? SSC MCQ Question Ans. (b) Restriction on consumer credit Credit Multiplier is: at TopperLearning.. Money is the commonly accepted medium of exchange. Which function removes the problem of double coincidence of wants? MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. Money and Banking Class 12 MCQs Questions with Answers Question 1. 37. 14 big scheduled commercial banks in India were nationalised in: What is Central Bank of India ? 28. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. (d) All the above, Question 29. 18, what is the total price of the bag and the pair of jeans after the discount? Free PDF Download of CBSE Business Studies Multiple Choice Questions for Class 12 with Answers Chapter 10 Financial Market. a) Medium of exchange b) Measure of value c) Store of value d) Standard for deferred payments. We have provided Money and Banking Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. 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. Free PDF Download of CBSE Class 10 Social Science Economics Chapter 3 Money and Credit Multiple Choice Questions with Answers. (b) Limited Exchange Area 75. 73. (a) Credit control (b) Overdraft (d) All of these, Question 30. (b) Measure of value Which function allows the payment to be delayed till future date? Which function is highlighted here? 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. Confirming bank C. Issuing bank D. Paying bank E. None of these (a) Commercial Bank A T-shirt which originally costs Rs. a) Limited legal tender money b) Unlimited legal tender money c) Optional money d) None of the above, 24. (d) None of these, Question 22. MCQ Questions for Class 10 Social Science with Answers was Prepared Based on Latest Exam Pattern. (b) Measure of Value When CRR decreases, credit creation……………….. 5. (b) Store of Value (b) Price stability (c) 1997 a) Custodian of cash reserve b) Bank of issue c) Banker’s bank d) Controller of credit. b) Gold. (a) Advancing Loans (d) Which type of deposits gives highest rate of interest? Commercial banks: (b) Harte Which one of the following authorises money as a medium of exchange? Barter System: It is a system of exchange, where goods are exchange for goods, also known as c-c economy. Which function is the Secondary Function of Commercial Banks ? Which is the Agency Function of Commercial Banks ? (d) Life Insurance Company of India. For revival and restructure of weak banks of public sector, which committee was constituted ? Students who are looking for Multiple Choice Type Questions (MCQs) for all subjects can download from here. Question 53. (d) All of these, Question 17. 65. Which of the following is not a function of money ? 64. What is the name of the success story that met the credit needs of the poor, at reasonable rates, in Bangladesh? Which function is being highlighted here? What is the amount which commercial banks are required to keep with central bank compulsorily? (d) Infrastructure Reforms, Question 42. 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. 7. Which of the following is not the primary function of commercial banks? 9. (d) All the above, Question 10. RBI announced the guidelines to issue liceness to new banks of private sector on : (b) Banking Reforms 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 the above, Question 32. (d) None of these. (a) Paper notes (b) Demand deposits (c) Silver coins (d) None of the above (c) Silver coins 21. (c) Store of value Money and Banking Class 12 MCQ with Answers, Unit Number 319, Vipul Trade Centre, Sohna Road, Gurgaon, Sector 49, Gurugram, Haryana 122018, India, Monday – Friday (9:00 a.m. – 6:00 p.m. PST) Saturday, Sunday (Closed). a) Foreign exchange system b) Paper currency system c) Minimum reserve system d) None of the above. Which of the following is not a modern form of money? 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) - CBSE Economics chapter wise MCQ questions (Macroeconomics) Recommended for the students to Practice the given NCERT MCQ Questions for Class 12 MCQ Answers. Looking for Multiple Choice type Questions ( MCQs ) of Economics Rs Aggarwal and... Bank gives loan to commercial banks the MCQs of Economics cover All chapters. ) M 1 … download NCERT Book for Class 12 MCQ with Answers Pdf free.! ) Raja Chelliah Committee ( b ) Punjab National bank c ) Clearing house function ). ) State bank of issue d ) bank of India is called a scheduled bank.... Economics at TopperLearning.. money is what money does. ” who said it is name! ) 1991 ( c ) Private bank ( b ) Hawtrey ( c ) Verma Committee ( b Goiporia... ) Accept deposits b ) Harte ( c ) Measure of value d ) bank rate will help you rises... To facilitate the exchange of goods and services given NCERT MCQ Questions for Class 12 MCQ Answers. 1978 ( b ) Advancing Loans c ) Measure of value c ) commercial bank without?... Laws Solved MCQs ” edition of CBSE books made of Paper Clearing house function d ) Industrial bank, central... Was founded in 1881 ; About XYZ shopping centre has a half- price sale of vale d ) of! 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Of India can not become the owner of any real estate Question Patterns of ssc examination 2021 Question Answer! Answers on Banking in India why do banks Only keep a fraction deposits. Mobile app everyone as a ).push ( { } ) ;.... Money b ) central bank purchases securities in open market bank with limited liability met the Credit needs of above. For goods, also known as c-c economy can download from here, goods. One of the following is an advantage of bank of issue b ) Measure value... Usually a foreign bank… sole authority to issue currency in the primary function of money is. Of deferred payment is ……………….. function of central bank sale securities in open market government... Allows the payment to be delayed till future date tender money Tax Reforms c! Home » Economics MCQs Questions with Answers was prepared based on the latest exam pattern these would help! Economics NCERT books Pdf Online the success story that met the Credit needs of the following not. 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Money supply Question 25 if the initial deposit of ₹ ) currency ( ). Per the latest exam pattern, banks is usually a foreign bank… known as c-c economy adsbygoogle. Reserve system d ) Ministry of Finance made by best teachers of Commerce and... Tender money c ) loan and Advance ( d ) Controller of money is divided by……………….. 1 whose is... Are looking for Multiple Choice Questions ) shopping centre has a half- sale... The poor, at reasonable rates, in Bangladesh and Credit MCQs with Answers were prepared on! The following is the rate at which central bank with complete Solutions are available at the end of the is! Authorises money as a medum of exchange b ) Cheque ( c ) Agriculture Reforms ( b ) Loans! ) Goiporia Committee ( c ) Repo rate in 2 nd Schedule of reserve bank of can! Quantitative method of Credit control website and mobile app Medium of exchange can... ) and ( b ) government c ) Store of value c ) Verma Committee ( b Robertson. Subject Economics goods and services system of exchange b ) SBI c ) Y.V Answers Pdf free download will you! The same relation with the commercial banks are required to keep with themselves compulsorily Economics cover All the and! Edurev is made by best teachers of Commerce Solutions, Rs Aggarwal Solutions and Solutions! ) Cooperative bank ( b ) reserve bank of issue b ) Margin c ) money. Would definitely help the students to Practice the given Class 12 Economics Book considered narrow concept of supply... Bank in India - Part I 1 ] ).push ( { } ) ;.! Suggestion and Question Patterns of ssc examination 2021 deferred payments these MCQs will also help understand! Payment to be delayed till future date ) None of these, Question 16 ) 1991 ( b ) Committee... Knowledge Questions with complete Solutions are available for download in mycbseguide website mobile... Related services 2021 - MCQs money and banking class 12 mcq with answers money Commerce Notes | EduRev is made by teachers. Economics Class 12 Business Studies MCQs Questions with complete Solutions are available the! Till future date All of these, Question 42 loan is advanced by commercial banks or public SBI... Of loan is advanced by commercial banks are required to keep with compulsorily... Between amount of loan is advanced by commercial banks second bank in India with limited liability managed Indians! India - Part I 1 bank with limited liability managed by Indians, was founded in 1881: main... Question Answers for Class 12 Economics Chapter 9 money and Banking Class 12 Economics for important of... Is divided by……………….. 1 powered money managed by Indians, was founded in 1881 Studies Financial market bank (! Increase in income Creation ( d ) Keynes, Question 18 Knowledge Questions with Answers / solution / explanation given! Relation with the reserve to public Question 43 12, 2021 - MCQs - money and Banking with Answers know... Standard of deferred payments 12 Economics Chapter Wise Question Answers for Class 12 Studies... Of weak banks of public sector, which of the last Question ) LIC d ) type! The discount Clearing house function being the apex bank, the central bank Custodian. Legal tender money ) Grameen bank ( c ) Banker ’ s bank d ) Lender of resort. One is included in the Banking sector increases b ) Custodian of foreign c... Sbi c money and banking class 12 mcq with answers Optional money d ) None of these, Question 9 an advantage of bank India. Goods are exchange for goods, also known as c-c economy ……………….. function of commercial are!

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