money and banking class 12 mcq with answers

60. Which is not a quantitative method of credit control ? (adsbygoogle = window.adsbygoogle || []).push({}); 4. Q.1 What is the main function of money in an economy? QUESTIONS BASED ON HOTS WITH MODEL ANSWERS. Register for Online tuition on Vedantu.com to score more marks in CBSE board examination. (a) bank (b) group members (c) non-government organisation (d) government. (c) Social Function Which function is highlighted here? (b) Taxes Question 54. 3. Time Value of Money 4. RBI has the sole authority to issue currency in India. 24, and that of a pair of jeans is Rs. 3. Advising bank B. Banking sector Reforms in India began in : (c) Thomas (d) Unit of account, Question 14. 38. (c) Credit Money, Metal Money, Paper Money 65. (d) All the above, Question 38. 2. a) Foreign exchange system b) Paper currency system c) Minimum reserve system d) None of the above. 68. (a) Variation in cash reserve ratio of banks (b) Advancing Loans 28. Which committee was constituted for suggesting consumer service improvements in banks ? (d) All the above, Question 2. Free PDF Download of CBSE Business Studies Multiple Choice Questions for Class 12 with Answers Chapter 10 Financial Market. Question 56. Question 1. (d) All of these, Question 18. myCBSEguide has just released Chapter Wise Question Answers for class 12 Economics. a) 1913 b) 1917 c) 1894 d) 1881 View Answer / Hide Answer. Which of the following is an apex body in India? Every bank is required to maintain a fixed percentage of its assets in the form of cash is called : What are the necessary conditions of Barter System ? 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. What is the name of the success story that met the credit needs of the poor, at reasonable rates, in Bangladesh? (d) Improvement in Infrastructure. Credit Multiplier is: 61. Which function allows the payment to be delayed till future date? (d) All of these, Question 16. Who is the guardian of Indian Banking System: What happens when central bank increases reverse repo rate? Students can solve NCERT Class 12 Business Studies Financial Market MCQs Pdf with Answers to know their preparation level. What happens when central bank increases SLR? (c) To oduction and Employment (d) Open market operations, Question 36. (c) Transfer of Value Which type of currency is issued by Central Bank ? Central bank maintains the reserve of foreign exchange so that when price rises, the central bank can give the reserve to public. Which was the second bank in India with limited liability? Which is the major objective of credit control ? (d) None of these, Question 21. Question 58. (a) Reserve Bank of India MCQs with answers on Banking in India - Part I 1. What is the other name of money whose intrinsic value is much lower than its face value? (a) Increase in output and employment (b) Rises (c) Marshall (c) Improvement in Agriculture 70. (c) Commercial Bank (a) Commodity Money, Paper Money, Metal Money Which of the following is not a commercial bank? Reserve Bank of India cannot become the owner of any real estate. Define banking. Which of the following is the most liquid form of money supply? (a) Credit control 32. 37. 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) \(\frac{1}{\mathrm{CRR}}\) During the documentary credit, which of the following, banks is usually a foreign bank…? (a) Medium of Exchange MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. (b) 1981 The function of money is: (a) Grameen Bank (b) Reserve Bank (c) Cooperative Bank (d) None of these. (d) All the above, Question 32. (c) 1969 CBSE Class 12 Economics HOTs Money and Banking. a) Medium of exchange b) Measure of value c) Store of value d) Standard for deferred payments. (c) 1991 (c) Open Market Operations What is the rate at which central bank gives loan to commercial bank without collateral? (a) Govt, of India (b) Narsimham Committee (a) To make Deferred Payments Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 10 Financial Markets with Answers Pdf free download. Banking Knowledge Basic MCQ Question Answer Objective Model Paper Practice Set . By managing the responsibility of public debt, central bank acts as, 55. 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. What are the necessary conditions of Barter System ? 69. Which of the following is not a function of money ? Money and Banking Important Questions for class 12 economics Barter System and Money 1. Commercial banks: 13. (a) Limited Needs By carrying out all the banking activities , central bank acts as, a) Banker b) Agent c) Financial advisor d) None of the above, 54. (d) Keynes, Question 6. 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. What is the amount which commercial banks are required to keep with themselves compulsorily? Wishing to crack the MCQs sections in the board examinations, then you should practice & prepare all concepts thoroughly to attempt objective type … The central bank acts as the last help to commercial banks or public. By advising the government from time to time, central bank acts as a. The precautionary demand for money increases with the proportionate increase in income. (b) Overdraft What is Central Bank of India ? What type of loan is advanced by Commercial Banks ? 72. a) Representative money b) Credit money c) Full bodied money d) Legal tender money. (c) Act as Trustee (c) World Bank What happens when central bank purchases securities in open market? Important Questions for Class 12 Economics are prepared by the subject matter experts from the latest edition of CBSE books. (a) Reserve Bank of India Money and Banking Class 12 MCQ with Answers (Multiple choice questions), 1. Which of the following is not a feature of money supply? Medium of exchange is ……………….. function of money. In which year the second Narsimham Committee was constituted ? Banking Ombudsman Scheme was announced in the year : The MCQs of Economics cover all the chapters and topics, giving students maximum exposure to each topic of Economics. 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. Which of the following is not a function of central bank? (a) Hartley Withers Commercial banks work for the purpose of, a) Welfare b) Earning profit c) Both (a) and (b) d) None of the above. (a) Reserve Bank of India It is recommended for the students to practice the given Class 12 Economics chapter wise important questions with the answers. Q. ANSWER: d) 1881 Oudh Commercial Bank, the first bank with limited liability managed by Indians, was founded in 1881. 2 and more denominations currency notes and coins? Banking Laws Solved MCQs. a) Medium of exchange b) Measure of value c) Store of value d) Standard of deferred payments. View Answer / … (a) Medium of exchange a) Spread b) Margin c) Repo rate d) Bank rate. (c) Price stability Here, we have provided the latest CBSE Class 1 to 12 MCQ Questions with Answers for all subjects to ace up your final examinations. (b) Stability in foreign exchange rate Which function is highlighted here? XYZ shopping centre has a half- price sale. Question 55. (i) Current deposit. (a) 1947 (a) To maintain Price Stability (d) None of these, Question 48. (d) 1998, Question 43. 29. Who issues Rs. (d) All the above, Question 29. (d) Bank of India, Question 28. Reserve Bank of India was established in : (d) 2000, Question 44. Accepting deposits from public and lending funds to them is called banking. (b) 1991 A bank whose name is included in 2 nd Schedule of Reserve Bank of India is called a scheduled bank.. Q. a) Banker to government b) Banks of issue c) Banker’s bank d) Supervision. (d) Change in CRR, Question 33. (b) Saving Deposits 7. 71. (c) Lack of General Acceptable Measure of Value (b) Accepts deposits from customers (c) Store of value a) Medium of exchange b) Store of value c) Measure of vale d) All of the above. 10 Financial market: ( a ) Spread b ) Credit Creation ( )! ) Unlimited legal tender money c ) Cooperative bank ( d ) All these. The documentary Credit, which of the following is not a feature of money whose intrinsic value is lower. To be delayed till future date Order Thinking Skills ( HOTS ) download and print required... Banks of public debt, central bank gives loan to commercial bank d... ) Repo rate d ) Clearing house function, if the initial of! Online tuition on Vedantu.com to score good marks in their upcoming board examinations increases b ) Goiporia Committee ( )... 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