CBSE  /  Class 12  /  Economics  /  Money and Banking

  • 1. 
    Who is the custodian of the Indian Banking system?

  • Reserve Bank of India
  • State Bank of India
  • Unit Trust of India
  • LIC of India

  • 2. 
    Banking Sector Reforms in India began in:

  • 1969
  • 1981
  • 1991
  • 2001

  • 3. 
    14 big scheduled commercial banks in India were nationalised in:

  • 1949
  • 1955
  • 1969
  • 2000

  • 4. 
    Which is associated with reforms in the banking sector?

  • Year 1991
  • Narsimham Committee
  • Y.V. Reddy Committee
  • Only (a) and (b)

  • 5. 
    “Money is what money does”. Who said this:

  • Hartley Withers
  • Harte
  • Prof. Thomas
  • Keynes

  • 6. 
    The function of money is:

  • Medium of exchange
  • Measure of value
  • Store of value
  • All of the above

  • 7. 
    The meaning of money supply is:

  • Money deposits in the bank
  • Cash available with public
  • Savings in the post office
  • All of the above

  • 8. 
    What is the Central Bank of India:

  • Commercial Banks
  • Central Bank
  • Private Bank
  • None of these

  • 9. 
    Through which method we can withdraw money from the bank:

  • Drawing letter
  • Cheque
  • A.T.M. (d) All of the above

  • 10. 
    Who is the guardian of the Indian Banking System:

  • Reserve Bank of India
  • State Bank of India
  • Unit Trust of India
  • Life Insurance Company of India.
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