(d) Improvement in Infrastructure. (c) Transfer of Value (b) Rises (c) 1997 67. Which function allows the payment to be delayed till future date? (d) Narsimham Committee, Question 47. (b) To stabilize Exchange Rate A T-shirt which originally costs Rs. (d) Life Insurance Company of India. (d) All of these, Question 16. Which function considers the value of the money in one unit? (a) Monopoly of Note Issue (b) March 15, 1995 (b) Improvement in Banking 25. Which of the following equation is true? (a) Commercial Bank The functions of money includes: These MCQs will also help students find topics that may have been missed while studying. (c) Thomas 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) Money supply increases b) Money supply decreases c) No effect on money supply d) None of the above. 26. Which is the Agency Function of Commercial Banks ? What happens when central bank decreases CRR? 2. (c) Store of value Money and Banking Class 12 MCQ with Answers (Multiple choice questions). (a) Medium of exchange 68. Which of the following is not the primary function of commercial banks? 71. 63. ... Chapter 3: Money and Banking. d) Bronze. a) 1913 b) 1917 c) 1894 d) 1881 View Answer / Hide Answer. (b) All Time Money 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. (a) Lack of Double Coincidence Which was the second bank in India with limited liability? (d) None of these, Question 48. Function of money is: (d) Locker Facility, Question 20. b) Gold. “Money is what money does”. 51. (a) M 1 … (b) Accepting Deposits 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. (d) All of these, Question 11. View Answer / … What solves the problem of double coincidence of wants? 18, what is the total price of the bag and the pair of jeans after the discount? a) Banker to government b) Banks of issue c) Banker’s bank d) Supervision. (d) Keynes, Question 6. When CRR decreases, credit creation……………….. 5. Who regulates money supply ? (c) Commerical Banks 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. Wishing to crack the MCQs sections in the board examinations, then you should practice & prepare all concepts thoroughly to attempt objective type … 2 and more denominations currency notes and coins? (c) Social Function XYZ shopping centre has a half- price sale. Given that the original price of a bag is Rs. a) Measure of value b) Medium of exchange c) Store of value d) None of the above. “Money is a pivot around which the whole economy clusters.” Who said it ? Get chapterwise CBSE Class 12 Macro Economics NCERT Books PDF online. Which was included in the purview of Banking Ombudsman Scheme ? Home » Economics MCQS » Money and Banking Class 12 MCQ with Answers. (c) Open market operations (d) All of these, Question 40. (a) Reserve Bank of India (d) All of these, Question 18. (a) Hartley Withers a) Foreign exchange system b) Paper currency system c) Minimum reserve system d) None of the above. 59. Q. 70. We hope the given NCERT MCQ Questions for Class 12 Economics Chapter 9 Money and Banking with Answers Pdf free download will help you. (c) Central Bank of India a) Representative money b) Credit money c) Full bodied money d) Legal tender money. 33. Oudh Commercial Bank was founded in _____. MONEY AND BANKING. RBI has the sole authority to issue currency in India. (d) Store of Value, Question 7. (a) 1949 A. Which function is highlighted here? (b) Credit Money (b) Co-operative Banks Who said this: (c) Store of value 10 is now available for Rs. (c) Both (a) and (b) (b) Central Bank (a) All Scheduled Banks (c) Means of exchange Register for Online tuition on Vedantu.com to score more marks in CBSE board examination. (c) Both (a) and (b) 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. The MCQs of Economics cover all the chapters and topics, giving students maximum exposure to each topic of Economics. (d) 1998, Question 43. (d) All the above, Question 32. (b) Price stability 500 and LRR is 10%, what is money multiplier? Which of the following is not a measure of money supply? Banking Laws Solved MCQs. © 2020, Arinjay Academy. (b) Store of value (c) Both (a) and (b) Money is needed for day-to-day transactions. What is the name of money which is usually made of paper? (b) Overdraft These solutions refer to brief questions with short answers. 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. (c) Cash x CRR Which one is included in the primary function of money ? (b) More Mutual Co-operation Which of the following is the function of Central Bank ? (a) Drawing letter 2. (b) Harte (b) accepted as a means of exchange SSC MCQ Question Ans. a) Custodian of cash reserve b) Custodian of foreign exchange c) Bank of issue d) Clearing house function. a) Custodian of cash reserve b) Custodian of foreign exchange c) Banker’s bank d) Lender of last resort. CBSE class 12 Money and Banking class 12 Notes Economics in PDF are available for free download in myCBSEguide mobile app. (c) World Bank Students who are looking for Multiple Choice Type Questions (MCQs) for all subjects can download from here. 14. 11. What happens when central bank increases margin? Question 52. (d) Only (b) and (c), Question 26. Which one is the difficulty of Barter System ? (b) 1955 a) Spread b) Margin c) Repo rate d) Bank rate. (d) All of these, Question 17. 45. Question 53. (b) Restriction on consumer credit Q. Download NCERT Book for Class 12 Macro Economics PDF as per the Latest Edition at Vedantu. 66. (c) Provide loans to customers 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. (a) Reserve Bank of India QUESTIONS BASED ON HOTS WITH MODEL ANSWERS. a) Repo rate b) Bank rate c) Reverse repo rate d) LRR. 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. (a) Cash Reserve Ratio 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 What is the Central Bank of India: The central bank acts as the last help to commercial banks or public. Credit money is increased when CRR: What is a scheduled bank? Money and Credit Answers for Multiple Choice Questions. (b) Narsimham Committee MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. Students can solve NCERT Class 10 Social Science Money and Credit MCQs with Answers to know their preparation level. (c) Agriculture Reforms (d) 2000, Question 51. a) Goods b) Banks c) Money d) All of the above. (b) State Bank of India (c) Public Debt Why do banks only keep a fraction of deposits? What is meant by double coincidence of wants? Measure of deferred payment is ……………….. function of money. (c) Unit Trust of India (iii) … (a) Apex Bank of the Country (c) To oduction and Employment (a) Reserve Bank of India (b) Self Help Groups (c) The Central Government (d) The President of India. 500 crores lead to the establishment of total deposits of ₹. 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. MCQ model questions answers of Basic Banking Knowledge for various competitive questions. (d) Industrial Bank, Question 37. (a) Falls Time Value of Money 4. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. (b) Saving Deposits (a) Bank rate What type of loan is advanced by Commercial Banks ? myCBSEguide has just released Chapter Wise Question Answers for class 12 Economics. The main function of commercial bank is : What is the thing which is generally accepted by everyone as a medum of exchange? Where c stands for commodity. (c) Marshall (b) Taxes a) Medium of exchange b) Measure of value c) Store of value d) Standard for deferred payments. 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. Ans: The main function of money in an economic system is to facilitate the exchange of goods and services. Banking sector Reforms in India began in : Which of the following is the most liquid form of money supply? (a) To maintain Price Stability 4. Which of the following is not a bank? (d) All of these, Question 30. Which one of the following authorises money as a medium of exchange? Commercial banks work for the purpose of, a) Welfare b) Earning profit c) Both (a) and (b) d) None of the above. What happens when central bank increases reverse repo rate? What are the necessary conditions of Barter System ? (a) Keynes These test papers with solution are prepared by our team of expert teachers who are teaching grade in CBSE … (b) Cheque Reserve Bank of India provides loan to public. Reddy Committee Check the below NCERT MCQ Questions for Class 12 Economics Chapter 9 Money and Banking with Answers Pdf free download. (d) Hawtrey, Question 9. 50. (a) Value determination economics chapter 1 class 9 mcq with answers Home; Events; Register Now; About 14 big scheduled commercial banks in India were nationalised in: The major objectives of monetary policy is/are : What happens when central bank decreases bank rate? 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) 1990 a) Accept deposits b) Custodian of foreign exchange c) Bank of issue d) Supervision. (a) Accepting Deposits SSC Finance and Banking MCQ Question With Answer 2021: 1. Medium of exchange is ……………….. function of money. (d) Both (a) and (b), Question 23. 5. 4. (d) All the above, Question 2. (d) 1945, Question 35. Which one is true ? Every bank is required to maintain a fixed percentage of its assets in the form of cash is called : 32. Question 58. (b) Hawtrey (a) Tax Reforms Finance and Business Finance 2. (d) All of these, Question 12. (b) Store of Value (b) 1995 (b) Reserve Bank of India (c) 1969 (a) Commercial Bank (d) All the above, Question 4. 13. 6. (b) 1935 Being the apex bank, the central bank maintains the same relation with the commercial banks as the latter maintains with the public. 1. What is the rate at which central bank gives loan to commercial bank with collateral? MCQ Questions for Class 12 Business Studies with Answers were prepared based on the latest exam pattern. Central bank maintains the reserve of foreign exchange so that when price rises, the central bank can give the reserve to public. (a) Year 1991 Along with the Reserve Bank of India, Commercial banks are also authorized to issue currency. Jan 12, 2021 - MCQs - Money Commerce Notes | EduRev is made by best teachers of Commerce. Which of the following measures of money supply is considered narrow concept of money supply? What is the rate at which commercial banks keep their reserves with central banks? 1. During the documentary credit, which of the following, banks is usually a foreign bank…? There chapter wise Practice Questions with complete solutions are available for download in myCBSEguide website and mobile app. (d) All the above, Question 3. (i) Current deposit. Question 56. Which function is highlighted here? (d) Change in CRR, Question 33. “Money is what money does.” Who said it ? 20. Reserve Bank of India was established in : India follows which system for issuing currency? (d) None of the above, Question 34. Which committee was constituted for suggesting consumer service improvements in banks ? (b) Stability in foreign exchange rate (c) Y.V. MCQ Questions for Class 10 Social Science with Answers was Prepared Based on Latest Exam Pattern. (a) Any Time Money 1 denominations currency notes and coins? (c) 1991 a) Bank of issue b) Custodian of cash reserve c) Controller of money supply d) Banker’s bank. Banking Ombudsman Scheme was announced in the year : (d) Unit of account, Question 14. (c) CRR Which of the following is a qualitative method of credit control ? (a) Money deposited in bank (b) Central Bank (d) All the above, Question 27. Deposits accepted by the Commercial Banks: (a) bank (b) group members (c) non-government organisation (d) government. What is the name of the success story that met the credit needs of the poor, at reasonable rates, in Bangladesh? Access full series of free online mock tests with answers from Economics Class 12. 30. Who issues Rs. Free PDF Download of CBSE Business Studies Multiple Choice Questions for Class 12 with Answers Chapter 10 Financial Market. (c) Time Deposits (a) Current Deposits Answers to Money and Banking Class 12 MCQ with Answers are available at the end of the last question. (a) Simple System (b) […] (b) Goiporia Committee (b) Loaning to other banks With which Narsimham Committee is related to ? 72. Answers to Economics Objective Questions are available at the end of the last question. (a) Hartley Withers SSC Finance and Banking MCQ Question With Answer 2021. (c) No Economic Disparities (c) Automated Teller Machine (c) Price stability (b) Money available with the public Which of the following is not a function of central bank? 23. What is the difference between amount of loan and market value of securities called? Which of the following is the least liquid form of money supply? (b) Difficulty of Division of the Goods 49. 69. (d) Variation in bank rate, Answer: (b) Restriction on consumer credit, Question 39. (b) Accepts deposits from customers (d) None of the above, Answer: (b) Commodity Money, Metal Money, Paper Money, Credit Money, Question 5. What is the amount which commercial banks are required to keep with central bank compulsorily? (b) Measure of value a) PNB b) SBI c) LIC d) None of the above. (a) Advancing Loans (b) 1991 (b) Ownership of the Government What is the rate at which central bank gives loan to commercial bank without collateral? (c) 2. 57. (a) 3. (d) 2000, Question 44. (b) Goiporia Committee (c) Accept deposits from customers (c) A.T.M. (c) Verma Committee (d) None of these, Question 25. (a) Agency Function (c) Open Market Operations (d) Chakrabarty Committee, Question 46. (a) Currency We have provided Financial Markets Class 12 Business Studies MCQs Questions with Answers to help students understand the concept very well. Money and Banking Class 12 MCQ with Answers (Multiple choice questions) - CBSE Economics chapter wise MCQ questions (Macroeconomics) Economics Objective Questions contains 10 questions. The CBSE Class 12 Commerce Multiple Choice Questions (MCQs) of Economics at TopperLearning help students solve MCQs from the subject Economics. 65. We have provided Money and Banking Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. Central bank controls credit through : Business Studies MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. (a) Bank Rate (b) Open market a) RBI b) Government c) Commercial banks d) Ministry of Finance. 61. (b) Banking Reforms (a) Medium of Exchange Define banking. (c) Bank rate is the discount rate of the Central Bank Which of the following is not a modern form of money? By supply of money we mean : (d) Only (a) and (b). The primary function of Commercial Bank is ? (c) Improvement in Agriculture Which function removes the problem of double coincidence of wants? What happens when central bank increases SLR? Which of the following is an apex body in India? Banking Knowledge Basic MCQ Question Answer Objective Model Paper Practice Set . (b) Banker of the Government (d) All of these, Question 19. (b) Moral Suasion (a) Medium of Exchange (d) All the above, Answer: (c) Accept deposits from customers, Question 24. RBI announced the guidelines to issue liceness to new banks of private sector on : Money and Banking Important Questions for class 12 economics Barter System and Money 1. Confirming bank C. Issuing bank D. Paying bank E. None of these 1. Question 1. Broad Money refers to _____: (a) M 1 (b) M 2 (c) M 3 (d) M 4. Important Questions for Class 12 Economics are prepared by the subject matter experts from the latest edition of CBSE books. (d) LIC of India, Question 49. (a) 1969 Free PDF Download of CBSE Class 10 Social Science Economics Chapter 3 Money and Credit Multiple Choice Questions with Answers. Edu. (d) Open market operations, Question 36. a) Medium of exchange b) Measure of value c) Store of value d) Standard of deferred payments. Which of the following is not a commercial bank? (d) All of the above. Which function is highlighted here? (c) used to store wealth a) Custodian of cash reserve b) Bank of issue c) Banker’s bank d) Controller of credit. (d) Bank of India, Question 28. What is the other name of money whose intrinsic value is much lower than its face value? (d) None of the above, Question 15. (d) None of these, Question 22. (c) Credit Creation Historically, the Indian rupee was a ____ coin: a) Copper. SSC MCQ Question Ans. (c) Rekhi Committee (a) Commodity Money, Paper Money, Metal Money (d) Which type of deposits gives highest rate of interest? Question 54. a) Limited legal tender money b) Unlimited legal tender money c) Optional money d) None of the above, 24. Who is the custodian of Indian Banking system ? What is true for the Central Bank ? Which of the following are not included in high powered money? (c) April 1, 1999 What happens when central bank increases bank rate? (a) Raja Chelliah Committee 9. (c) Economically Backward Society (c) Loan and Advance (b) State Bank of India (c) Store of Value Here, we are sharing very important “ Banking Laws Solved MCQs”. 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. Money is matter which is: (c) Credit Money, Metal Money, Paper Money 2. By carrying out all the banking activities , central bank acts as, a) Banker b) Agent c) Financial advisor d) None of the above, 54. (b) \(cash \times \frac{1}{\text { CRR }}\) (a) Grameen Bank (b) Reserve Bank (c) Cooperative Bank (d) None of these. (c) Commercial Bank 56. (a) a measure of value 18. Which function is highlighted here? 29. Who issues Rs. 24, and that of a pair of jeans is Rs. Which is not a quantitative method of credit control ? In an economy which consists of only one individual, there cannot be any exchange of commodities, and hence, there is no role for money. (b) State Bank of India Basic Banking Knowledge Questions with answers / solution / explanation is given below which is necessary for banking recruitment and other related services. 12. 44. (c) Prof. Thomas 6. What are the necessary conditions of Barter System ? (c) Deposits with post office savings bank 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. 27. Who is the monetary authority in India? The difference between two interest rates is called: a) Spread b) Margin c) Profit d) None of the above, 34. c) Silver. Money and Banking Class 12 MCQs Questions with Answers Question 1. By managing the responsibility of public debt, central bank acts as, 55. (a) Medium of exchange A bank whose name is included in 2 nd Schedule of Reserve Bank of India is called a scheduled bank.. Q. (b) Bank rate and interest rates are different (a) Reserve Bank of India (a) Money deposits in the bank 74. Monetary policy is related with : a) State bank of India b) Punjab National Bank c) Union Bank d) Canara Bank. What happens when central bank purchases securities in open market? Through which method we can withdraw money from the bank: (b) General Utility Function Which of the following issue paper currency in the country ? (c) Lack of General Acceptable Measure of Value 10. What is Central Bank of India ? SSC MCQ Question Ans. (b) Robertson 8. (a) Cash Credit Which one is included in the secondary function of money ? (d) All of these, Question 45. ... CBSE Class 12/NTSE - Macroeconomics - Money and Banking - Inflation Related Terms (#cbseNotes) Inflation Related Terms. Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 10 Financial Markets with Answers Pdf free download. (a) Commercial Banks Question 55. Which function is being highlighted here? What happens when central bank increases repo rate? (d) Planning Comission, Question 41. For revival and restructure of weak banks of public sector, which committee was constituted ? (b) Cash available with public Which function is the Secondary Function of Commercial Banks ? (b) Central Bank Money and Banking Class 12 MCQ with Answers (Multiple choice questions), 1. (c) Private Bank Which is the correct order of money evolution ? a) Accepting deposits b) Advancing loans c) Both (a) and (b) d) None of the above. (c) Savings in the post office (a) Limited Needs (adsbygoogle = window.adsbygoogle || []).push({}); 4. 7. In which year the second Narsimham Committee was constituted ? 7. Which of the following is an advantage of bank of issue? (b) Commodity Money, Metal Money, Paper Money, Credit Money Which of the following is not a function of money ? Question 57. 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) Coins (b) Measure of Value This document is highly rated by Commerce students and has been viewed 1303 times. The full form of ATM is: It is recommended for the students to practice the given Class 12 Economics chapter wise important questions with the answers. (a) \(\frac{1}{\mathrm{CRR}}\) (a) Commercial Bank 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. 38. Meaning of money supply is: (d) 2001, Question 50. (a) 1947 Barter System: It is a system of exchange, where goods are exchange for goods, also known as c-c economy. By advising the government from time to time, central bank acts as a. If initial deposits are Rs. (b) Central Bank Check the below NCERT MCQ Questions for Class 12 Economics Chapter 9 Money and Banking with Answers Pdf free download. (a) To make Deferred Payments (b) Statutory Liquidity Ratio a) Custodian of cash reserve b) Custodian of foreign exchange c) Clearing house function d) Bank of issue. (b) Advancing Loans (d) Infrastructure Reforms, Question 42. (a) Verma Committee 73. Which of the following is not a feature of money supply? Ans. (c) Regulates the entire banking system in the country Higher Order Thinking Skills (HOTS) download and print. (d) All of these, Question 8. 62. (c) Private Bank The fraction to be kept legally from the deposits is called, a) CRR b) SLR c) LRR d) None of the above, a) Credit multiplier b) Deposit multiplier c) Both (a) and (b) d) None of the above. Central Bank of India is : Which is associated with reforms in the banking sector ? What are the advantages of Barter System ? 11. (a) Variation in cash reserve ratio of banks Who is the guardian of Indian Banking System: 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. ( a ) limited legal tender money issue currency in India Chapter 3 money and Banking 12. Bodied money d ) None of these and Question Patterns of ssc 2021. » money and Credit Multiple Choice Questions for Class 12 Chapter Wise Question for! India b ) commercial bank, the first bank with limited liability economic is! Funds to them is called Banking original price of the following is a system of exchange )! Scheduled bank.. Q a ) commercial bank, the central bank acts the... Establishment of total deposits of ₹ will also help students find topics that have! The success story that met the Credit needs of the following is not a modern form money. Reserve system d ) Only ( a ) and ( b ) Credit Creation ( d ) of! Credit Multiple Choice Questions ( MCQs ) of Economics Banking CQ Suggestion and Question Patterns of ssc examination.... ) 1913 b ) Harte ( c ) Banker ’ s bank d ) Lender of last resort Part legal... 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Of currency is issued by central bank gives loan to commercial bank collateral! For important topics of All chapters in CBSE Class 12 Economics Chapter 9 money Banking! ) Hartley Withers ( b ) group members ( c ) 1894 d ) All the. Mcqs will also help students solve MCQs from the subject Economics the of... Issue Paper currency in the Banking sector || [ ] ).push ( { } ) ;.... With short Answers Infrastructure Reforms, Question 37 of weak banks of issue d ) of... In CBSE Class 12 Business Studies with Answers Pdf free download money whose intrinsic value is much lower than face! Money b ) Credit money ( c ) Reverse Repo rate d ) 1881 Oudh bank. ) 1894 d ) Hawtrey ( c ) Union bank d ) Industrial bank, central. Function allows the payment to be delayed till future date the Credit needs of following. Bank called CRR, central bank compulsorily access full series of free Mock! The total deposits of ₹ Answers Home ; Events ; register Now ; XYZ. 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