(c) Improvement in Agriculture Which of the following is an advantage of bank of issue? Banking Laws Solved MCQs. 66. Given that the original price of a bag is Rs. What type of loan is advanced by Commercial Banks ? What happens when central bank decreases CRR? Q. Important Questions for Class 12 Economics are prepared by the subject matter experts from the latest edition of CBSE books. Answers to Money and Banking Class 12 MCQ with Answers are available at the end of the last question. These solutions refer to brief questions with short answers. (c) To oduction and Employment (b) Co-operative Banks 75. Define banking. 8. 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. … During the documentary credit, which of the following, banks is usually a foreign bank…? (b) 1991 (a) Govt, of India What is the rate at which commercial banks keep their reserves with central banks? (a) Medium of Exchange Banking Ombudsman Scheme was announced in the year : a) 1913 b) 1917 c) 1894 d) 1881 View Answer / Hide Answer. (a) Value determination (d) Only (a) and (b). Money and Banking Class 12 MCQs Questions with Answers Question 1. A T-shirt which originally costs Rs. Time Value of Money 4. QUESTIONS BASED ON HOTS WITH MODEL ANSWERS. Question 55. Which function removes the problem of double coincidence of wants? © 2020, Arinjay Academy. c) Silver. UNIT – VIII. Answers to Economics Objective Questions are available at the end of the last question. 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) Commodity Money, Paper Money, Metal Money Money is matter which is: 6. (d) Planning Comission, Question 41. (a) Tax Reforms Which of the following is a qualitative method of credit control ? Check the below NCERT MCQ Questions for Class 12 Economics Chapter 9 Money and Banking with Answers Pdf free download. If LRR is 20%, what is the money multiplier? (a) Reserve Bank of India (d) Bank of India, Question 28. 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. (c) Both (a) and (b) (c) Public Debt Who regulates money supply ? What is the thing which is generally accepted by everyone as a medum of exchange? Students can solve NCERT Class 12 Business Studies Financial Market MCQs Pdf with Answers to know their preparation level. Question 1. Finance and Business Finance 2. 30. Who issues Rs. 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. Free PDF Download of CBSE Class 10 Social Science Economics Chapter 3 Money and Credit Multiple Choice Questions with Answers. a) Bank of issue b) Custodian of cash reserve c) Controller of money supply d) Banker’s bank. a) Measure of value b) Medium of exchange c) Store of value d) None of the above. Money and Credit Answers for Multiple Choice Questions. (b) \(cash \times \frac{1}{\text { CRR }}\) When CRR decreases, credit creation……………….. 5. Sources of Finance 3. 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. (c) No Economic Disparities (d) Chakrabarty Committee, Question 46. View Answer / … (a) Medium of exchange (d) All of these, Question 17. 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. Which of the following is the least liquid form of money supply? ... CBSE Class 12/NTSE - Macroeconomics - Money and Banking - Inflation Related Terms (#cbseNotes) Inflation Related Terms. (a) bank (b) group members (c) non-government organisation (d) government. (b) Measure of Value at TopperLearning.. Money is the commonly accepted medium of exchange. Free Online Mock Test for CBSE Class 12 Economics for important topics of all chapters in CBSE Class 12 Economics book. Download NCERT Book for Class 12 Macro Economics PDF as per the Latest Edition at Vedantu. “Money is what money does”. (c) Agriculture Reforms (c) Means of exchange Business Studies MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. 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) Central Bank (d) All the above, Question 38. India follows which system for issuing currency? 7. Central bank maintains the reserve of foreign exchange so that when price rises, the central bank can give the reserve to public. (c) Store of value (c) Credit Money, Metal Money, Paper Money Money and Banking Class 12 MCQ with Answers (Multiple choice questions). Which of the following is an apex body in India? (a) Apex Bank of the Country (d) Change in CRR, Question 33. Which of the following is not a function of central bank? What is the amount which commercial banks are required to keep with themselves compulsorily? 2. (d) Life Insurance Company of India. 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. 6. a) Banker to government b) Banks of issue c) Banker’s bank d) Supervision. 1. 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. (b) Harte (b) Open market (c) Both (a) and (b) (d) All of these, Question 18. (c) Custodian of Foreign Exchange Reserves (b) State Bank of India What is meant by double coincidence of wants? Reserve Bank of India provides loan to public. The functions of money includes: Which function leads to uniformity in note circulation? By supply of money we mean : (d) All of these, Question 45. Edu. The MCQs of Economics cover all the chapters and topics, giving students maximum exposure to each topic of Economics. (c) Unit Trust of India (d) Infrastructure Reforms, Question 42. Who is the custodian of Indian Banking system ? 12. MONEY AND BANKING. Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 10 Financial Markets with Answers Pdf free download. What is the Central Bank of India: Check the below NCERT MCQ Questions for Class 12 Economics Chapter 9 Money and Banking with Answers Pdf free download. 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) Statutory Liquidity Ratio (c) 1969 63. a) Spread b) Margin c) Repo rate d) Bank rate. (c) Deposits with post office savings bank (d) 2001, Question 50. (a) Simple System (b) […] What happens when central bank increases SLR? Which function is being highlighted here? Which is the major objective of credit control ? What are the necessary conditions of Barter System ? (b) Central Bank (a) Currency (c) 1997 (adsbygoogle = window.adsbygoogle || []).push({}); 4. Question 57. (a) Grameen Bank (b) Reserve Bank (c) Cooperative Bank (d) None of these. MCQ model questions answers of Basic Banking Knowledge for various competitive questions. a) Money supply increases b) Money supply decreases c) No effect on money supply d) None of the above. Which of the following is the function of Central Bank ? a) Custodian of cash reserve b) Custodian of foreign exchange c) Bank of issue d) Clearing house function. Question 53. (d) None of these. 12. 44. 18, what is the total price of the bag and the pair of jeans after the discount? The main function of commercial bank is : (d) Hawtrey, Question 9. (a) Credit control (d) All of the above. (c) Coins (a) Commercial Bank CBSE class 12 Money and Banking class 12 Notes Economics in PDF are available for free download in myCBSEguide mobile app. (d) All of these, Question 16. (a) Year 1991 a) Accept deposits b) Custodian of foreign exchange c) Bank of issue d) Supervision. (c) A.T.M. The bank generates……………….. deposits in credit creation. 3. 42. (d) All the above, Question 3. (d) Keynes. (c) Commercial Bank Which is the Agency Function of Commercial Banks ? What is the name of the success story that met the credit needs of the poor, at reasonable rates, in Bangladesh? (b) More Mutual Co-operation What happens when central bank increases bank rate? (c) Verma Committee (c) used to store wealth ... Chapter 3: Money and Banking. Which of the following is not a feature of money supply? These MCQs will also help students find topics that may have been missed while studying. (a) Lack of Double Coincidence (c) World Bank (b) Credit Money MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. (c) Provide loans to customers (c) Y.V. (a) Variation in cash reserve ratio of banks The static and dynamic function of money is divided by……………….. 1. 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) Taxes (a) Cash Reserve Ratio (ii) Fixed deposit. (d) Locker Facility, Question 20. Which was the second bank in India with limited liability? (d) All of these, Question 11. (a) 1949 We have provided Money and Banking Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. (d) All of the above. SSC Finance and Banking MCQ Question With Answer 2021. (d) All the above, Question 2. a) PNB b) SBI c) LIC d) None of the above. (a) 3. For revival and restructure of weak banks of public sector, which committee was constituted ? Which of the following is the most liquid form of money supply? (c) Price stability (b) Accepts deposits from customers (b) 1955 Monetary policy is related with : Ans. In which year the second Narsimham Committee was constituted ? Which committee was constituted for suggesting consumer service improvements in banks ? (d) All the above, Question 29. Ans. (b) Accepting Deposits Reserve Bank of India was established in : (b) Improvement in Banking a) Accepting deposits b) Advancing loans c) Both (a) and (b) d) None of the above. Get chapterwise CBSE Class 12 Macro Economics NCERT Books PDF online. What is the name of money which is usually made of paper? RBI announced the guidelines to issue liceness to new banks of private sector on : Banking Knowledge Basic MCQ Question Answer Objective Model Paper Practice Set . (b) Saving Deposits (b) Central Bank 39. (a) Money deposited in bank 69. (d) Industrial Bank, Question 37. Which function allows the payment to be delayed till future date? 71. 51. 56. (d) None of these, Question 21. (c) Open Market Operations MCQs with answers on Banking in India - Part I 1. Meaning of money supply is: (b) To stabilize Exchange Rate (a) All Scheduled Banks By managing the responsibility of public debt, central bank acts as, 55. 20. Which of the following equation is true? (c) Savings in the post office Which of the following is not the primary function of commercial banks? a) Foreign exchange system b) Paper currency system c) Minimum reserve system d) None of the above. (d) All the above, Question 32. (c) CRR Which function is highlighted here? 13. Students can solve NCERT Class 10 Social Science Money and Credit MCQs with Answers to know their preparation level. 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. Question 52. (c) Unit Trust of India What are the necessary conditions of Barter System ? Which of the following is not a function of money ? 4. We have provided Money and Banking Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. What is the rate at which central bank gives loan to commercial bank without collateral? (a) January 22, 1993 Being the apex bank, the central bank maintains the same relation with the commercial banks as the latter maintains with the public. (b) All Time Money (b) 1995 500 crores lead to the establishment of total deposits of ₹. The central bank acts as the last help to commercial banks or public. a) Custodian of cash reserve b) Custodian of foreign exchange c) Banker’s bank d) Lender of last resort. (c) Central Bank of India Which function is highlighted here? (b) Restriction on consumer credit (d) None of the above, Answer: (b) Commodity Money, Metal Money, Paper Money, Credit Money, Question 5. This document is highly rated by Commerce students and has been viewed 1303 times. Measure of deferred payment is ……………….. function of money. (c) Transfer of Value (b) Hawtrey (a) Accepting Deposits (a) Increase in output and employment (a) Reserve Bank of India SSC MCQ Question Ans. (d) All of these, Question 8. (c) Accept deposits from customers 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. (iii) … (d) 2000, Question 51. (a) Falls Confirming bank C. Issuing bank D. Paying bank E. None of these (a) Raja Chelliah Committee A. 64. (c) Open market operations 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 bank whose name is included in 2 nd Schedule of Reserve Bank of India is called a scheduled bank.. Q. What happens when central bank sale securities in open market? a) Limited legal tender money b) Unlimited legal tender money c) Optional money d) None of the above, 24. 27. Who is the monetary authority in India? (b) Goiporia Committee d) Bronze. (b) Store of Value Economics Objective Questions contains 10 questions. 59. Access full series of free online mock tests with answers from Economics Class 12. 62. (b) Cash available with public (b) Central Bank (d) All the above, Question 10. (a) Bank rate (c) Regulates the entire banking system in the country Concise Mathematics Class 10 ICSE Solutions 2018, MCQ Questions for Class 12 Economics with Answers, MCQ Questions for Class 12 Political Science Chapter 5 Contemporary South Asia with Answers, Geography Class 12 Important Questions Chapter 2 Data Processing, MCQ Questions for Class 12 Political Science Chapter 4 Alternative Centres of Power with Answers, MCQ Questions for Class 12 Political Science Chapter 3 US Hegemony in World Politics with Answers, MCQ Questions for Class 12 Political Science Chapter 2 The End of Bipolarity with Answers, Political Science Class 12 Important Questions Chapter 2 The End of Bipolarity, MCQ Questions for Class 12 Political Science Chapter 1 The Cold War Era with Answers, MCQ Questions for Class 12 Geography Chapter 12 Geographical Perspective on Selected Issues and Problems with Answers, Geography Class 12 Important Questions Chapter 1 Data: Its Source and Compilation, MCQ Questions for Class 12 Geography Chapter 11 International Trade with Answers, Concise Mathematics Class 10 ICSE Solutions. 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