(d) None of these, Question 48. (c) Both (a) and (b) Measure of deferred payment is ……………….. function of money. (d) LIC of India, Question 49. 74. 6. Ans. What is Central Bank of India ? Which function allows the payment to be delayed till future date? Higher Order Thinking Skills (HOTS) download and print. Which of the following is the least liquid form of money supply? Question 57. By managing the responsibility of public debt, central bank acts as, 55. (c) Savings in the post office 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 are the necessary conditions of Barter System ? Given that the original price of a bag is Rs. Question 1. (c) Both (a) and (b) (b) Banking Reforms (b) More Mutual Co-operation What happens when central bank increases bank rate? 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. 65. (a) 1947 12. “Money is a pivot around which the whole economy clusters.” Who said it ? By carrying out all the banking activities , central bank acts as, a) Banker b) Agent c) Financial advisor d) None of the above, 54. (a) Keynes (b) Improvement in Banking The functions of money includes: Broad Money refers to _____: (a) M 1 (b) M 2 (c) M 3 (d) M 4. What is the name of the success story that met the credit needs of the poor, at reasonable rates, in Bangladesh? Which was included in the purview of Banking Ombudsman Scheme ? What are the advantages of Barter System ? During the documentary credit, which of the following, banks is usually a foreign bank…? If LRR is 20%, what is the money multiplier? (b) Bank rate and interest rates are different (a) Variation in cash reserve ratio of banks (d) Locker Facility, Question 20. In which year the second Narsimham Committee was constituted ? What is the rate at which commercial banks keep their reserves with central banks? a) Money supply increases b) Money supply decreases c) No effect on money supply d) None of the above. (b) 1995 (a) Value determination Which of the following are not included in high powered money? Download NCERT Book for Class 12 Macro Economics PDF as per the Latest Edition at Vedantu. (a) Medium of Exchange Oudh Commercial Bank was founded in _____. 10 is now available for Rs. a) Representative money b) Credit money c) Full bodied money d) Legal tender money. 44. (b) Accepts deposits from customers Which function is being highlighted here? (b) Commodity Money, Metal Money, Paper Money, Credit Money (a) January 22, 1993 Historically, the Indian rupee was a ____ coin: a) Copper. (c) Act as Trustee Question 52. (c) Open market operations MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. (b) Price stability 64. Reddy Committee (a) To maintain Price Stability (c) Price stability (a) Increase in output and employment 10. (b) 1981 26. RBI has the sole authority to issue currency in India. 62. Free PDF Download of CBSE Business Studies Multiple Choice Questions for Class 12 with Answers Chapter 10 Financial Market. It is recommended for the students to practice the given Class 12 Economics chapter wise important questions with the answers. 70. SSC Finance and Banking MCQ Question With Answer 2021. (d) All of these, Question 17. Time Value of Money 4. 12. (a) Currency (b) Limited Exchange Area (b) Narsimham Committee (b) 1955 (b) Goiporia Committee Free PDF Download of CBSE Class 10 Social Science Economics Chapter 3 Money and Credit Multiple Choice Questions with Answers. (c) used to store wealth When CRR decreases, credit creation……………….. 5. Which function considers the value of the money in one unit? Function of money is: Wishing to crack the MCQs sections in the board examinations, then you should practice & prepare all concepts thoroughly to attempt objective type … (c) Store of Value These test papers with solution are prepared by our team of expert teachers who are teaching grade in CBSE … (a) Reserve Bank of India Business Studies MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Which is not a quantitative method of credit control ? Which of the following is the most liquid form of money supply? (a) Current Deposits a) Repo rate b) Bank rate c) Reverse repo rate d) LRR. (b) Accepting Deposits Reserve Bank of India cannot become the owner of any real estate. Which function is highlighted here? (a) Limited Needs Which of the following is an apex body in India? The central bank acts as the last help to commercial banks or public. (b) Reserve Bank of India Answers to Money and Banking Class 12 MCQ with Answers are available at the end of the last question. CBSE class 12 Money and Banking class 12 Notes Economics in PDF are available for free download in myCBSEguide mobile app. For revival and restructure of weak banks of public sector, which committee was constituted ? (b) Credit Money Reserve Bank of India provides loan to public. (d) None of these, Question 21. (d) Variation in bank rate, Answer: (b) Restriction on consumer credit, Question 39. 69. Question 56. a) Limited legal tender money b) Unlimited legal tender money c) Optional money d) None of the above, 24. What is the name of money which is usually made of paper? (a) Bank rate is an rate at which Central Bank is ready to give credit to commercial banks (d) Only (b) and (c), Question 26. (a) Money deposited in bank SSC MCQ Question Ans. If initial deposits are Rs. (b) Goiporia Committee (d) All the above, Question 32. (c) To oduction and Employment (d) Both (a) and (b), Question 23. 68. 42. Banking sector Reforms in India began in : a) 1913 b) 1917 c) 1894 d) 1881 View Answer / Hide Answer. 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. Money and Banking Class 12 MCQ with Answers (Multiple choice questions) - CBSE Economics chapter wise MCQ questions (Macroeconomics) (a) Limited Needs (b) Limited Exchange Area (c) Economically Backward Society (d) All the above Answer Answer: (d) All the above Question 2. (a) Hartley Withers Money and Credit Answers for Multiple Choice Questions. (a) Medium of exchange The bank generates……………….. deposits in credit creation. Access full series of free online mock tests with answers from Economics Class 12. (c) Open Market Operations What type of loan is advanced by Commercial Banks ? 59. Credit money is increased when CRR: Class 12 Economics Money and Banking Important Questions. 13. (c) Automated Teller Machine (a) Bank Rate (d) Narsimham Committee, Question 47. a) Medium of exchange b) Measure of value c) Store of value d) Standard for deferred payments. 6. 37. 2. (d) Change in CRR, Question 33. (b) Taxes (b) Open market 27. Who is the monetary authority in India? XYZ shopping centre has a half- price sale. 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. (c) Commerical Banks (c) Accept deposits from customers What happens when central bank decreases bank rate? (a) 1978 The primary function of Commercial Bank is ? (a) Tax Reforms (d) None of these. (d) All the above, Question 27. What happens when central bank decreases CRR? Q. 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. (b) Measure of Value (b) Stability in foreign exchange rate 63. (d) 2000, Question 44. (a) Grameen Bank (b) Reserve Bank (c) Cooperative Bank (d) None of these. What happens when central bank increases reverse repo rate? d) Bronze. Which of the following is a qualitative method of credit control ? (c) Unit Trust of India (d) 2001, Question 50. (d) Life Insurance Company of India. Edu. (c) Prof. Thomas (a) Any Time Money (d) Which type of deposits gives highest rate of interest? Which of the following equation is true? (d) Industrial Bank, Question 37. (b) Hawtrey 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 Students who are looking for Multiple Choice Type Questions (MCQs) for all subjects can download from here. Which function is highlighted here? UNIT – VIII. 23. Advising bank B. Calculate LRR, if the initial deposit of ₹. 14 big scheduled commercial banks in India were nationalised in: a) Banker to government b) Banks of issue c) Banker’s bank d) Supervision. (c) Economically Backward Society (d) All of these, Question 11. QUESTIONS BASED ON HOTS WITH MODEL ANSWERS. Ans: The main function of money in an economic system is to facilitate the exchange of goods and services. By supply of money we mean : 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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