Money and Banking MCQ Questions Class 12 Economics Part 2 Chapter 3
NCERT MCQ Questions for Class 12 Economics Part 2 Chapter 3 Money and Banking. Money and Banking MCQ Questions with Answers from Class 12 Economics Part 2.
1.) Which of the following is function of money?
(a) medium of exchange.
(b)a convenient unit of account
(c)monetary value
(d) both (a) and (b)
Ans – option (d)
2.) Which of the following is not function of central bank?
(a)It issues the currency of the country
(b)medium of exchange
(c). It controls
money supply of the country
(d). It acts as a banker to the
government.
Ans – Option (b)
3.) What is mean by reserve ratio?
(a)The ratio in which the banks create money
(b)interest rate my of loan
(c)The ratio related to money creation.
(d)a certain percentage of
deposits which every bank must keep as reserves.
Ans – Option (d)
- In case you have missed:- Previous Chapter MCQ Questions
4.) Who have right to issue currency?
(a)RBI
(b)state bank
(c)commercial bank
(d)All the above
Ans – Option (a)
5.) Which of the following is type of open market operations
(a) outright
(b)repo
(c)Fifo
(d)Both (a) and (b)
Ans Option (d)
6.) The RBI can influence money supply by changing the rate at which it givesloans to the commercial banks this rate is called. (a)The Bank Rate
(b) Interest Rate
(c) Reverse Rate
(d)None of the above
Ans – Option (a)
- In case you have missed:- Next Chapter MCQ Questions
For more ⇓
- Economics Part 2 MCQ Introduction
- Economics Part 2 MCQ National Income Accounting
- NCERT Accountancy MCQ for Class 12
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