Money and Credit Test

Result

Money and Credit Test - 22

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

Which of the following is a legal tender in a modern economy?

A
Currency notes

B
Bank cheques

C
Bills of exchange

D
Promissory notes
Question 2
1 / -0

The FRBMA, stands for ____________.

A
Foreign Regulation and Budget Management Act

B
Fiscal Responsibility and Budget Management Act

C
Finance Regulations and Bonds Management Association

D
Funds Reallocation and Budget Management Act

Solution

The FRBMA stands for Fiscal Responsibility and Budget Management Act- $$2003$$.
Question 3
1 / -0

The Return on investment and Return on Equity of Banks has been declining due to -

A
Lower Interest on Government Borrowing from Banks

B
Subsidised credit to Priority Sector

C
Rapid Branch Expansion

D
All of the above
Question 4
1 / -0

The definition of money includes __________.

A
only currency notes and coins

B
currency and demand deposits

C
currency demand deposits and other financial assets

D
currency and foreign exchange reserves
Question 5
1 / -0

At the time of independence India had ___________________.

A
no banking system

B
had very few banks

C
well developed banking system

D
fairly developed banking system
Question 6
1 / -0

Which one of these is a limitation of the barter exchange?

A
Lack of double coincidence of wants

B
Lack of store of value

C
Lack of common measure of value

D
All of these

Solution

Barter system was a system of exchange where goods were exchanged for goods and there was no common medium of exchange in the economy. Barter system had many drawbacks like lack of double coincidence of wants, lack of a common unit of value, difficulty of future payments or contractual payments and difficulty of storage of value and transfer of value.
Question 7
1 / -0

What is the other name for `Money Multiplier'?

A
Credit Multiplier

B
Deposit Multiplier

C
Cash Reserve Ratio

D
None of these

Solution

Deposit multiplier and money multiplier are very closely related concepts, the deposit multiplier provides the basis for money multiplier, but the money multiplier value is less due to excess reserves.
Question 8
1 / -0

Co-operation, self help and mutual help are the working principle of :

A
Commercial banks

B
Co-operative bank

C
NABARD

D
Reserve Bank of India

Solution

Co-operation, self help and mutual help are the working principle of Co-operative bank.
Question 9
1 / -0

Which of the following is not a problem of barter system of exchange?

A
Store of Value

B
Double Coincidence of Wants

C
Unit of Account

D
Unemployment

Solution

Barter system was a system of exchange where goods were exchanged for goods and there was no common medium of exchange in the economy. Barter system had many drawbacks like lack of double coincidence of wants, lack of a common unit of value, difficulty of future payments or contractual payments and difficulty of storage of value and transfer of value. Therefore, unemployment is not a problem related to barter system.
Question 10
1 / -0

The number of times a unit money exchanges hands during a unit period of time is known as -

A
Velocity of circulation of money

B
Face of circulation of money

C
Transactions velocity of money

D
Income velocity of money

Solution

The number of times a unit of money changes hands during the unit period is called the velocity of circulation of money.

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

Money and Credit Test - 22

Result

Money and Credit Test - 22

Score

-

Rank

-

SHARING IS CARING

Question 1

Currency notes

Bank cheques

Bills of exchange

Promissory notes

Question 2

Foreign Regulation and Budget Management Act

Fiscal Responsibility and Budget Management Act

Finance Regulations and Bonds Management Association

Funds Reallocation and Budget Management Act

Solution

Question 3

Lower Interest on Government Borrowing from Banks

Subsidised credit to Priority Sector

Rapid Branch Expansion

All of the above

Question 4

only currency notes and coins

currency and demand deposits

currency demand deposits and other financial assets

currency and foreign exchange reserves

Question 5

no banking system

had very few banks

well developed banking system

fairly developed banking system

Question 6

Lack of double coincidence of wants

Lack of store of value

Lack of common measure of value

All of these

Solution

Question 7

Credit Multiplier

Deposit Multiplier

Cash Reserve Ratio

None of these

Solution

Question 8

Commercial banks

Co-operative bank

NABARD

Reserve Bank of India

Solution

Question 9

Store of Value

Double Coincidence of Wants

Unit of Account

Unemployment

Solution

Question 10

Velocity of circulation of money

Face of circulation of money

Transactions velocity of money

Income velocity of money

Solution

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.