CBSE  /  Class 12  /  Economics  /  Money and Banking

  • 1. 
    Who circulates all mint and one rupee not in India?

  • Ministry of Finance
  • RBI
  • Ministry of External Affairs
  • State Government

  • 2. 
    Which of the following is the function of a Central bank?

  • Issue of notes
  • Banker to the Government and Banks
  • Supply and control of money
  • All of these

  • 3. 
    The ratio of total deposits that a commercial bank has to keep with RBI is called:

  • Statutory liquidity ratio
  • Deposit ratio
  • Cash reserve ratio
  • Legal reserve ratio

  • 4. 
    Demand deposits include

  • Saving account deposits and fixed deposits
  • Saving account deposits and current account deposits
  • Current account deposits and fixed deposits
  • All type of deposits

  • 5. 
    What are the necessary conditions of the Barter System?

  • Limited Needs
  • Limited Exchange Area
  • Economically Backward Society
  • All the above

  • 6. 
    What are the advantages of the Barter System?

  • Simple System
  • More Mutual Co-operation
  • No Economic Disparities
  • All the above

  • 7. 
    Which one is the difficulty of the Barter System?

  • Lack of Double Coincidence
  • Difficulty of Division of the Goods
  • Lack of General Acceptable Measure of Value
  • All the above

  • 8. 
    Which is the correct order of money evolution?

  • Commodity Money, Paper Money, Metal Money
  • Commodity Money, Metal Money, Paper Money, Credit Money
  • Credit Money, Metal Money, Paper Money
  • None of the above

  • 9. 
    “Money is what money does.” Who said it?

  • Hartley Withers
  • Hawtrey
  • Thomas
  • Keynes

  • 10. 
    Which one is included in the primary function of money?

  • Medium of Exchange
  • Measure of Value
  • Both (a) and (b)
  • Store of Value
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