Money and Banking | Chapter 3 | Class 12 | Social Science | Economics

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In this test paper, we will practice our learning of Money and Banking | Chapter 3 | Class 12 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

In this test paper, we will practice our learning of Money and Banking | Chapter 3 | Class 12 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

Questions

1. What is the defect of the barter system?

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2. Which of the following is the credit money?

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3. Which among the following is the near money?

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4. Which of the following is the feature of money?

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5. In order to encourage investment in the economy, the Central Bank may ________

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6. Institution that accepts deposits for lending purpose is known as __________

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7. Which of the following is the function of a commercial bank?

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8. The central bank can increase the availability of credit by:

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9. Giving permission to withdraw money by an amount more than deposited to is known as _________

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10. What are the alternative measures of money supply in India?

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

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12. Which of the following is the narrow measure of the money supply?

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13. When was the minimum reserve system started in India?

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14. Which is the most liquid measure of the money supply?

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15. High Powered Money includes:

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16. Indian Monetary System is based on ________

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17. Which of the following is the apex bank of India?

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18. Who has the right of note issue?

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19. Which of the following is the function of a Central bank?

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

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21. Demand deposits include

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22. What are the necessary conditions of the Barter System?

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23. What are the advantages of the Barter System?

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24. Which one is the difficulty of the Barter System?

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25. Which is the correct order of money evolution?

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

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

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28. Which one is included in the secondary function of money?

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29. “Money is a pivot around which the whole economy clusters.” Who said it?

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30. The function of money is:

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31. The functions of money include:

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32. Money is a matter which is:

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33. By supply of money we mean :

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34. Which of the following is not a function of money?

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35. Which one is the Bank of the Public?

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36. The primary function of Commercial Bank is?

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37. Deposits accepted by the Commercial Banks:

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38. What type of loan is advanced by Commercial Banks?

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39. Which function is the Secondary Function of Commercial Banks?

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40. Which is the Agency Function of Commercial Banks?

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41. Credit Multiplier is:

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42. Credit money is increased when CRR:

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43. The full form of ATM is:

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44. The main function of a commercial bank is:

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45. What is the Central Bank of India?

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46. Commercial banks:

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47. What is true for the Central Bank?

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48. Central Bank of India is:

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49. Which of the following is the function of the Central Bank?

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50. Which type of currency is issued by Central Bank?

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51. Which is the major objective of credit control?

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52. Which one is true?

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53. Which is not a quantitative method of credit control?

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54. Every bank is required to maintain a fixed percentage of its assets in the form of cash is called:

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55. Reserve Bank of India was established in :

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56. Monetary policy is related with:

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57. Which of the following issue paper currency in the country?

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58. The central bank controls credit through:

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59. Which of the following is a qualitative method of credit control?

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60. The major objectives of monetary policy is/are:

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61. Who regulates the money supply?

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62. With which Narsimham Committee is related to?

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63. In which year the second Narsimham Committee was constituted?

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64. Banking Ombudsman Scheme was announced in the year:

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65. Which was included in the purview of the Banking Ombudsman Scheme?

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66. Which committee was constituted for suggesting consumer service improvements in banks?

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67. For revival and restructuring of weak banks of the public sector, which committee was constituted?

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68. RBI announced the guidelines to issue licenses to new banks of the private sector on:

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69. Who is the custodian of the Indian Banking system?

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70. Banking Sector Reforms in India began in:

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71. 14 big scheduled commercial banks in India were nationalised in:

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72. Which is associated with reforms in the banking sector?

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

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74. The function of money is:

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75. The meaning of money supply is:

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76. What is the Central Bank of India:

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

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78. Who is the guardian of the Indian Banking System:

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79. Narasimham Committee is related to what:

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