(b) Harte (c) Prof. Thomas Which of the following is an apex body in India? (c) 1969 Money and Banking Class 12 MCQs Questions with Answers Question 1. 6. (d) Chakrabarty Committee, Question 46. Commercial banks: (a) Lack of Double Coincidence (b) Accepts deposits from customers It is recommended for the students to practice the given Class 12 Economics chapter wise important questions with the answers. (b) Cash available with public 36. Answers to Money and Banking Class 12 MCQ with Answers are available at the end of the last question. (c) 1991 (d) All of these, Question 8. (c) 2. Central Bank of India is : 30. Who issues Rs. (c) Unit Trust of India Access full series of free online mock tests with answers from Economics Class 12. (d) All the above, Question 27. Which of the following is not a part of legal tender money? 31. Class 12 Economics Money and Banking Important Questions. 28. 33. Here, we are sharing very important “ Banking Laws Solved MCQs”. Reserve Bank of India was established in : (a) 1969 (d) All of the above. (b) Moral Suasion Where c stands for commodity. (c) To oduction and Employment (d) Industrial Bank, Question 37. (c) Store of value Reserve Bank of India provides loan to public. Q. 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. 51. 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. 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. Question 58. (a) Increase in output and employment Which one is included in the primary function of money ? (b) Store of value (a) January 22, 1993 In an economy which consists of only one individual, there cannot be any exchange of commodities, and hence, there is no role for money. What happens when central bank sale securities in open market? (d) All of these, Question 45. 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. 60. (d) All the above, Question 2. (a) Medium of Exchange (d) None of the above, Question 34. 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. (a) Commodity Money, Paper Money, Metal Money Which one of the following authorises money as a medium of exchange? (a) Paper notes (b) Demand deposits (c) Silver coins (d) None of the above (c) Silver coins 21. Deposits accepted by the Commercial Banks: a) It includes money held by public b) It includes money held by banks c) It is a stock concept d) All of the above. What is true for the Central Bank ? (d) All the above, Question 10. Wishing to crack the MCQs sections in the board examinations, then you should practice & prepare all concepts thoroughly to attempt objective type … 65. Narasimham Committee is related to what: (d) 2000, Question 51. 1. (b) Measure of Value (b) Cheque (d) All the above, Question 31. “Money is a pivot around which the whole economy clusters.” Who said it ? (b) March 15, 1995 7. (d) Which type of deposits gives highest rate of interest? Basic Banking Knowledge Questions with answers / solution / explanation is given below which is necessary for banking recruitment and other related services. 3. (a) Reserve Bank of India Question 57. What happens when central bank decreases CRR? UNIT – VIII. (a) M 1 … (c) Time Deposits What happens when central bank decreases bank rate? 3. (c) Cash x CRR 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. Which of the following is not a measure of money supply? Home » Economics MCQS » Money and Banking Class 12 MCQ with Answers. (b) Accepting Deposits (b) To stabilize Exchange Rate (d) None of the above, Answer: (b) Commodity Money, Metal Money, Paper Money, Credit Money, Question 5. (b) 1935 73. (d) Unit of account, Question 14. (c) Savings in the post office (c) Commerical Banks The difference between two interest rates is called: a) Spread b) Margin c) Profit d) None of the above, 34. Reserve Bank of India cannot become the owner of any real estate. b) Gold. a) Money supply increases b) Money supply decreases c) No effect on money supply d) None of the above. 41. (d) None of these. 12. 2. (c) No Economic Disparities All rights reserved. 10. (a) Reserve Bank of India (b) Self Help Groups (c) The Central Government (d) The President of India. Credit Multiplier is: a) PNB b) SBI c) LIC d) None of the above. These test papers with solution are prepared by our team of expert teachers who are teaching grade in CBSE … (a) Keynes 25. (a) Reserve Bank of India 42. 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) State Bank of India 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) Currency (b) Central Bank (d) All the above, Question 38. (c) Rekhi Committee (c) Improvement in Agriculture (a) Value determination (a) 1978 (b) More Mutual Co-operation a) 1913 b) 1917 c) 1894 d) 1881 View Answer / Hide Answer. a) State bank of India b) Punjab National Bank c) Union Bank d) Canara Bank. Every bank is required to maintain a fixed percentage of its assets in the form of cash is called : CBSE class 12 Money and Banking class 12 Notes Economics in PDF are available for free download in myCBSEguide mobile app. 32. 70. (i) Current deposit. 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. (c) Coins (a) To make Deferred Payments (d) Keynes. What happens when central bank increases reverse repo rate? Answers to Economics Objective Questions are available at the end of the last question. 2. (d) Planning Comission, Question 41. (d) All the above, Answer: (c) Accept deposits from customers, Question 24. Studying these would definitely help the students to score good marks in their upcoming board examinations. Free PDF Download of CBSE Business Studies Multiple Choice Questions for Class 12 with Answers Chapter 10 Financial Market. 4. (c) Both (a) and (b) Central bank maintains the reserve of foreign exchange so that when price rises, the central bank can give the reserve to public. 2. (a) Drawing letter 3. (b) General Utility Function 2 and more denominations currency notes and coins? SSC MCQ Question Ans. 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. Ans: The main function of money in an economic system is to facilitate the exchange of goods and services. (c) Thomas Question 1. Check the below NCERT MCQ Questions for Class 12 Economics Chapter 9 Money and Banking with Answers Pdf free download. (c) Both (a) and (b) (d) Narsimham Committee, Question 47. (c) Automated Teller Machine Which of the following is the function of money? RD Sharma Solutions , RS Aggarwal Solutions and NCERT Solutions. Given that the original price of a bag is Rs. ... CBSE Class 12/NTSE - Macroeconomics - Money and Banking - Inflation Related Terms (#cbseNotes) Inflation Related Terms. There chapter wise Practice Questions with complete solutions are available for download in myCBSEguide website and mobile app. (ii) Fixed deposit. (b) Ownership of the Government 6. Commercial banks are required to keep an amount with central bank called CRR. (d) None of these, Question 21. 100000? SSC Finance and Banking MCQ Question With Answer 2021. 18, what is the total price of the bag and the pair of jeans after the discount? a) Accepting deposits b) Advancing loans c) Both (a) and (b) d) None of the above. (b) Banking Reforms The precautionary demand for money increases with the proportionate increase in income. Who regulates money supply ? 27. Who is the monetary authority in India? RBI has the sole authority to issue currency in India. Which function is highlighted here? © 2020, Arinjay Academy. When CRR decreases, credit creation……………….. 5. (b) All Time Money (b) Reserve Bank of India Check the below NCERT MCQ Questions for Class 12 Business Studies Chapter 10 Financial Markets with Answers Pdf free download. Free Online Mock Test for CBSE Class 12 Economics for important topics of all chapters in CBSE Class 12 Economics book. Register for Online tuition on Vedantu.com to score more marks in CBSE board examination. (a) Advancing Loans (a) Medium of exchange (c) Social Function (b) Restriction on consumer credit “Money is what money does.” Who said it ? (d) Keynes, Question 6. (b) Bank rate and interest rates are different (c) Private Bank Money and Banking Class 12 MCQ with Answers (Multiple choice questions) - CBSE Economics chapter wise MCQ questions (Macroeconomics) (a) Credit control Which of the following is the function of Central Bank ? 71. (c) Credit Money, Metal Money, Paper Money Which was included in the purview of Banking Ombudsman Scheme ? (a) Agency Function (d) None of these, Question 25. (a) 1949 Confirming bank C. Issuing bank D. Paying bank E. None of these Calculate LRR, if the initial deposit of ₹. Which function is highlighted here? Money and Banking Class 12 MCQ with Answers (Multiple choice questions), 1. Time Value of Money 4. (b) State Bank of India Instruments of Money Market Finance Markets (MCQs) CH 11: Marketing (VSQ) CH 11: Marketing vs Selling ... Banking - Important Banking Concepts Chapter 4: Production Function (Very Short Question Answers) ... Class 12 Phy. 11. (d) All of these, Question 30. What happens when central bank purchases securities in open market? 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). (c) Transfer of Value Which function considers the value of the money in one unit? What is the name of the success story that met the credit needs of the poor, at reasonable rates, in Bangladesh? MCQ Questions for Class 12 Business Studies with Answers were prepared based on the latest exam pattern. What solves the problem of double coincidence of wants? Oudh Commercial Bank was founded in _____. (a) Tax Reforms 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. The function of money is: a) Foreign exchange system b) Paper currency system c) Minimum reserve system d) None of the above. (c) Y.V. (d) LIC of India, Question 49. (d) Life Insurance Company of India. 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) bank (b) group members (c) non-government organisation (d) government. Who is the custodian of Indian Banking system ? (d) All of these, Question 40. Which function is being highlighted here? Measure of deferred payment is ……………….. function of money. Which of the following is a qualitative method of credit control ? These MCQs will also help students find topics that may have been missed while studying. a) Medium of exchange b) Measure of value c) Store of value d) Standard for deferred payments. (a) 3. By carrying out all the banking activities , central bank acts as, a) Banker b) Agent c) Financial advisor d) None of the above, 54. 56. (b) Price stability Reddy Committee India follows which system for issuing currency? (c) Accept deposits from customers (a) Variation in cash reserve ratio of banks a) Accept deposits b) Custodian of foreign exchange c) Bank of issue d) Supervision. (a) 1990 Money is matter which is: (d) None of these, Question 22. a) Custodian of cash reserve b) Custodian of foreign exchange c) Clearing house function d) Bank of issue. 24, and that of a pair of jeans is Rs. SSC MCQ Question Ans. Question 52. Through which method we can withdraw money from the bank: Which of the following is not a feature of money supply? (c) World Bank (c) Price stability (b) Overdraft (d) 1945, Question 35. What is the name of money which is usually made of paper? MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. (a) Apex Bank of the Country (a) Medium of Exchange (a) Money deposits in the bank d) Bronze. 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 a) Goods b) Banks c) Money d) All of the above. The CBSE Class 12 Commerce Multiple Choice Questions (MCQs) of Economics at TopperLearning help students solve MCQs from the subject Economics. Which function is highlighted here? What is meant by double coincidence of wants? (a) Issue currency notes (d) Bank of India, Question 28. Historically, the Indian rupee was a ____ coin: a) Copper. (d) Locker Facility, Question 20. (a) Commercial Bank Which one is the Bank of the Public ? Which function removes the problem of double coincidence of wants? (c) Store of value Finance and Business Finance 2. 12. (d) All the above, Question 29. Which of the following is the least liquid form of money supply? A T-shirt which originally costs Rs. (a) a measure of value 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) Regulates the entire banking system in the country Question 53. What are the necessary conditions of Barter System ? (d) All of these, Question 16. (d) Store of Value, Question 7. What is the amount which commercial banks are required to keep with central bank compulsorily? Question 56. (c) Agriculture Reforms Download NCERT Book for Class 12 Macro Economics PDF as per the Latest Edition at Vedantu. (d) Hawtrey, Question 9. In which year the second Narsimham Committee was constituted ? (b) Robertson 23. This document is highly rated by Commerce students and has been viewed 1303 times. 1. (b) 1955 (d) All of the above. Banking Ombudsman Scheme was announced in the year : The bank generates……………….. deposits in credit creation. If initial deposits are Rs. Question 55. Advising bank B. (c) Both (a) and (b) By managing the responsibility of public debt, central bank acts as, 55. (d) Open market operations, Question 36. (c) Private Bank (b) Saving Deposits (a) Limited Needs (b) Limited Exchange Area (c) Economically Backward Society (d) All the above Answer Answer: (d) All the above Question 2. Edu. The primary function of Commercial Bank is ? (d) None of the above, Question 15. (b) Loaning to other banks MCQ Questions for Class 10 Social Science with Answers was Prepared Based on Latest Exam Pattern. a) Measure of value b) Medium of exchange c) Store of value d) None of the above. (a) Pulie Expenditure Q.1 What is the main function of money in an economy? (b) Credit Money (b) Goiporia Committee (a) Commercial Banks 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. Ans. a) Spread b) Margin c) Repo rate d) Bank rate. (d) Variation in bank rate, Answer: (b) Restriction on consumer credit, Question 39. What are the advantages of Barter System ? 58. (d) Change in CRR, Question 33. (a) Commercial Bank a) Limited legal tender money b) Unlimited legal tender money c) Optional money d) None of the above, 24. a) Custodian of cash reserve b) Bank of issue c) Banker’s bank d) Controller of credit. Who is the guardian of Indian Banking System: 18. If LRR is 20%, what is the money multiplier? (a) Improvement in Taxation 11. Students can solve NCERT Class 12 Business Studies Financial Market MCQs Pdf with Answers to know their preparation level. (b) Narsimham Committee What is the rate at which commercial banks keep their reserves with central banks? (c) Credit Creation (a) Simple System (b) […] Which of the following is not a modern form of money? 18. Higher Order Thinking Skills (HOTS) download and print. 75. SSC Finance and Banking MCQ Question With Answer 2021: 1. (b) Commodity Money, Metal Money, Paper Money, Credit Money (d) Only (b) and (c), Question 26. (b) Advancing Loans Check the below NCERT MCQ Questions for Class 12 Economics Chapter 9 Money and Banking with Answers Pdf free download. 5. (a) Hartley Withers Which committee was constituted for suggesting consumer service improvements in banks ? MCQs with answers on Banking in India - Part I 1. What happens when central bank increases bank rate? Which is associated with reforms in the banking sector ? During the documentary credit, which of the following, banks is usually a foreign bank…? (a) All Scheduled Banks Which one is true ? (c) Lack of General Acceptable Measure of Value (d) Improvement in Infrastructure. ... Chapter 3: Money and Banking. (c) A.T.M. (b) Limited Exchange Area 37. XYZ shopping centre has a half- price sale. (a) Bank rate Students who are looking for Multiple Choice Type Questions (MCQs) for all subjects can download from here. (b) Money available with the public Which is the major objective of credit control ? 50. We have provided Money and Banking Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. Which of the following is not the primary function of commercial banks? 57. (c) Store of Value 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) Public Debt RBI announced the guidelines to issue liceness to new banks of private sector on : (d) All of these, Question 19. (c) Unit Trust of India 45. (b) Store of Value Get chapterwise CBSE Class 12 Macro Economics NCERT Books PDF online. The functions of money includes: (d) 2001, Question 50. What is the difference between amount of loan and market value of securities called? Which of the following is not a function of central bank? (d) All of the above. (b) Rises (d) All the above, Question 32. (d) 1998, Question 43. at TopperLearning.. Money is the commonly accepted medium of exchange. Define banking. What is the thing which is generally accepted by everyone as a medum of exchange? (a) Cash Credit What is the rate at which central bank gives loan to commercial bank without collateral? Students can solve NCERT Class 10 Social Science Money and Credit MCQs with Answers to know their preparation level. What are the advantages of Barter System ? (c) Provide loans to customers (a) Limited Needs 67. What happens when central bank increases margin? Important Questions for Class 12 Economics are prepared by the subject matter experts from the latest edition of CBSE books. (a) \(\frac{1}{\mathrm{CRR}}\) Which of the following is not a bank? View Answer / … (a) To maintain Price Stability Which of the following is not a commercial bank? myCBSEguide has just released Chapter Wise Question Answers for class 12 Economics. 68. 38. Which is the Agency Function of Commercial Banks ? Which of the following are not included in high powered money? (b) 1995 Accepting deposits from public and lending funds to them is called banking. Which of the following is an advantage of bank of issue? (a) Year 1991 500 and LRR is 10%, what is money multiplier? 62. (b) Goiporia Committee What type of loan is advanced by Commercial Banks ? (c) Deposits with post office savings bank By supply of money we mean : 61. 7. 74. (a) Bank Rate What happens when central bank reduces repo rate? (iii) … A bank whose name is included in 2 nd Schedule of Reserve Bank of India is called a scheduled bank.. Q. ANSWER: d) 1881 Oudh Commercial Bank, the first bank with limited liability managed by Indians, was founded in 1881. “Money is what money does”. By advising the government from time to time, central bank acts as a. 1 denominations currency notes and coins? (b) accepted as a means of exchange (a) Verma Committee The full form of ATM is: MCQ model questions answers of Basic Banking Knowledge for various competitive questions. (d) Both (a) and (b), Question 23. Q. 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) Simple System (d) All of these, Question 13. a) Banker to government b) Banks of issue c) Banker’s bank d) Supervision. 13. (c) Open Market Operations (a) Any Time Money 20. 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. The major objectives of monetary policy is/are : (b) Measure of value (b) Central Bank Which function allows the payment to be delayed till future date? (d) All of these, Question 17. (d) All of these, Question 12. 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. 1. (c) Means of exchange c) Silver. Money and Banking Important Questions for class 12 economics Barter System and Money 1. (adsbygoogle = window.adsbygoogle || []).push({}); 4. Which is the correct order of money evolution ? 2. (c) used to store wealth 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) Bank rate is an rate at which Central Bank is ready to give credit to commercial banks a) Repo rate b) Bank rate c) Reverse repo rate d) LRR. (c) Central Bank of India A. (b) 1991 Question 54. (c) Verma Committee Which was the second bank in India with limited liability? (a) Raja Chelliah Committee We have provided Money and Banking Class 12 Economics MCQs Questions with Answers to help students understand the concept very well. a) Representative money b) Credit money c) Full bodied money d) Legal tender money. 44. What is Central Bank of India ? Money is needed for day-to-day transactions. (c) Open market operations Which of the following is not a function of money ? a) Custodian of cash reserve b) Custodian of foreign exchange c) Bank of issue d) Clearing house function. (b) 1981 Who said this: (c) 1997 (d) All the above, Question 4. Free PDF Download of CBSE Class 10 Social Science Economics Chapter 3 Money and Credit Multiple Choice Questions with Answers. (d) All of these, Question 11. a) Bank of issue b) Custodian of cash reserve c) Controller of money supply d) Banker’s bank. MONEY AND BANKING. (c) Commercial Bank a) Medium of exchange b) Measure of value c) Store of value d) Standard of deferred payments. 4. 66. Which of the following is the most liquid form of money supply? a) Medium of exchange b) Store of value c) Measure of vale d) All of the above. Barter System: It is a system of exchange, where goods are exchange for goods, also known as c-c economy. (c) CRR (d) 2000, Question 44. Which is not a quantitative method of credit control ? Along with the Reserve Bank of India, Commercial banks are also authorized to issue currency. (c) 1937 (b) Hawtrey 26. 8. (d) None of these, Question 48. (a) Falls 14. 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. Monetary policy is related with : 59. Which of the following measures of money supply is considered narrow concept of money supply? (b) Measure of Value Why do banks only keep a fraction of deposits? (b) Banker of the Government (b) Co-operative Banks (b) Statutory Liquidity Ratio (b) Central Bank Banking sector Reforms in India began in : Money and Credit Answers for Multiple Choice Questions. Meaning of money supply is:
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