MCQGeeks
0 : 0 : 1
CBSE
JEE
NTSE
NEET
English
UK Quiz
Quiz
Driving Test
Practice
Games
CBSE
Class 12 Economics
Money And Banking
Quiz 2
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Which one is included in the secondary function of money?
0%
To make Deferred Payments
0%
Store of Value
0%
Transfer of Value
0%
All of these
Explanation
All of these
“Money is a pivot around which the whole economy clusters.” Who said it?
0%
Keynes
0%
Robertson
0%
Marshall
0%
Hawtrey
Explanation
Marshall
The function of money is:
0%
Medium of Exchange
0%
Measure of Value
0%
Store of Value
0%
All the above
Explanation
All the above
The functions of money include:
0%
Value determination
0%
Store of value
0%
Means of exchange
0%
All of these
Explanation
All of these
Money is a matter which is:
0%
a measure of value
0%
accepted as a means of exchange
0%
used to store wealth
0%
All of these
Explanation
All of these
By supply of money we mean :
0%
Money deposited in the bank
0%
Money available with the public
0%
Deposits with post office savings bank
0%
All of these
Explanation
All of these
Which of the following is not a function of money?
0%
Medium of exchange
0%
Price stability
0%
Store of value
0%
Unit of account
Explanation
Price stability
Which one is the Bank of the Public?
0%
Commercial Bank
0%
Central Bank
0%
Both (a) and (b)
0%
None of the above
Explanation
Commercial Bank
The primary function of Commercial Bank is?
0%
Accepting Deposits
0%
Advancing Loans
0%
Credit Creation
0%
All of these
Explanation
All of these
Deposits accepted by the Commercial Banks:
0%
Current Deposits
0%
Saving Deposits
0%
Time Deposits
0%
All of these
Explanation
All of these
What type of loan is advanced by Commercial Banks?
0%
Cash Credit
0%
Overdraft
0%
Loan and Advance
0%
All of these
Explanation
All of these
Which function is the Secondary Function of Commercial Banks?
0%
Agency Function
0%
General Utility Function
0%
Social Function
0%
All of these
Explanation
All of these
Which is the Agency Function of Commercial Banks?
0%
Advancing Loans
0%
Accepting Deposits
0%
Act as Trustee
0%
Locker Facility
Explanation
Act as Trustee
Credit money is increased when CRR:
0%
Falls
0%
Rises
0%
Both (a) and (b)
0%
None of these
Explanation
Falls
The full form of ATM is:
0%
Any Time Money
0%
All Time Money
0%
Automated Teller Machine
0%
Both (a) and (b)
Explanation
Automated Teller Machine
The main function of a commercial bank is:
0%
Credit control
0%
Loaning to other banks
0%
Accept deposits from customers
0%
All the above
Explanation
Accept deposits from customers
What is the Central Bank of India?
0%
Commercial Bank
0%
Central Bank
0%
Private Bank
0%
None of these
Explanation
Commercial Bank
Commercial banks:
0%
Issue currency notes
0%
Accepts deposits from customers
0%
Provide loans to customers
0%
Only (b) and (c)
Explanation
Only (b) and (c)
What is true for the Central Bank?
0%
Apex Bank of the Country
0%
Ownership of the Government
0%
Regulates the entire banking system in the country
0%
All the above
Explanation
All the above
Central Bank of India is:
0%
Reserve Bank of India
0%
State Bank of India
0%
Central Bank of India
0%
Bank of India
Explanation
Reserve Bank of India
0 h : 0 m : 1 s
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
0
Answered
0
Not Answered
0
Not Visited
Correct : 0
Incorrect : 0
Report Question
×
What's an issue?
Question is wrong
Answer is wrong
Other Reason
Want to elaborate a bit more? (optional)
Support mcqgeeks.com by disabling your adblocker.
×
Please disable the adBlock and continue.
Thank you.
Reload page