Money and Credit Test

Result

Money and Credit Test - 20

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
1 / -0

______ is the national currency of Germany.

A
Euro

B
Dollar

C
Yen

D
Rupees
Question 2
1 / -0

Historically, the Indian rupee was a __________ coin.

A
copper

B
gold

C
silver

D
bronze

Solution

Silver coin : The word 'rupee' has been derived from the Sanskrit word rupyakam, meaning a silver coin.
All banknotes issued by RBI are backed by assets such as gold, Government Securities and Foreign Currency Assets, as defined in Section 33 of RBI Act, 1934.
Question 3
1 / -0

Which of the following statement is correct about 'Money'?

A
Medium of exchange function is one of the most important and oldest function of money.

B
Money has a generalized purchasing power.

C
With the invention of money, the limitations of barter system could be overcome.

D
All of above
Question 4
1 / -0

Money serves as store of value in the __________.

A
short run

B
long run

C
short run as well as long run

D
none of above
Question 5
1 / -0

Official currency __________ happens to be the dominant form of money.

A
coins

B
currency notes

C
both coins and currency notes

D
credit cards
Question 6
1 / -0

Limitations for the demand of credit are

A
Demand should exist in the market

B
Amount of loan granted should increase the paying capacity of borrower

C
Bad debts should be avoided

D
All of the above
Question 7
1 / -0

Most of the contracts in Germany were made in Swiss Franc or US Dollar in _____.

A
1923

B
1823

C
2003

D
1993
Question 8
1 / -0

When we say that Money ensures conversion of savings into investment, we are considering the _________ aspect of Money.

A
Static

B
Dynamic

C
Both (a) and (b)

D
Neither (a) nor (b)
Question 9
1 / -0

According to _________, "Market means the general field within which, the force determining the price of particular product operate".

A
Alfred Marshall

B
Ely

C
Stonier and Hague

D
Cournot
Question 10
1 / -0

The quantity theory of money seeks to explain the factors that __________.

A
determine the general national income level in an economy

B
determine the gross domestic product in an economy

C
determine the general price level in an economy

D
determine the credit creation process

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

Money and Credit Test - 20

Result

Money and Credit Test - 20

Score

-

Rank

-

SHARING IS CARING

Question 1

Euro

Dollar

Yen

Rupees

Question 2

copper

gold

silver

bronze

Solution

Question 3

Medium of exchange function is one of the most important and oldest function of money.

Money has a generalized purchasing power.

With the invention of money, the limitations of barter system could be overcome.

All of above

Question 4

short run

long run

short run as well as long run

none of above

Question 5

coins

currency notes

both coins and currency notes

credit cards

Question 6

Demand should exist in the market

Amount of loan granted should increase the paying capacity of borrower

Bad debts should be avoided

All of the above

Question 7

1923

1823

2003

1993

Question 8

Static

Dynamic

Both (a) and (b)

Neither (a) nor (b)

Question 9

Alfred Marshall

Ely

Stonier and Hague

Cournot

Question 10

determine the general national income level in an economy

determine the gross domestic product in an economy

determine the general price level in an economy

determine the credit creation process

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

Stay Tuned: We’ll update you on your result via email or SMS.