Money and Banking online Test

Result

Money and Banking online Test - 12

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Weekly Quiz Competition

Question 1
1 / -0

Calculate money multiplier, if initial deposit of Rs. 200 cores lead to creation of total deposits of Rs. 1600 cores.

A
8.0

B
3.0

C
6.0

D
4.0

Solution

Use formula :Total deposits =1/lrr×initial deposits
Question 2
1 / -0

Which of the following is a commercial bank

A
LIC

B
SBI

C
RBI

D
Reliance

Solution

It operates under the supervision of RBI.
Question 3
1 / -0

Which of the following is the central bank

A
SBI

B
RBI

C
LIC

D
Reliance

Solution

RBI is banker of all banks unlike SBI.
Question 4
1 / -0

One of the functions of Central Bank among the following is

A
Bank of foreign exchange

B
Bank of banks

C
Bank of delivery

D
Bank of securities

Solution

It's an apex bank and is only source of base money.
Question 5
1 / -0

One of the functions of Central Bank among the following is

A
Bank of foreign exchange

B
Bank of securities

C
Bank of the government

D
Bank of delivery

Solution

Government has a vivid intervention in the regulation of central bank.
Question 6
1 / -0

One of the functions of Central Bank among the following is

A
Custodian of foreign exchange

B
Custodian of securities

C
Custodian of deliveries

D
Custodian of banks

Solution

It stabilises foreign exchange rate via this function .
Question 7
1 / -0

One of the functions of commercial l banks among the following is

A
Advancing securities

B
Advancing issues

C
Advancing Loans

D
Advancing foreign exchange

Solution

Without advancing loans it cannot earn intererst.
Question 8
1 / -0

M1 includes

A
Post Office savings deposits

B
Term deposits in RBI

C
Term deposits

D
Currency and coins

Solution

Currency and coins are most liquid.
Question 9
1 / -0

One of the primary functions of money is

A
Standard of deferred payments

B
Store of wealth

C
Medium of exchange

D
Store of value

Solution

'Medium of exchange' function of money facilities the transactions of goods and services and ensure double coincidence of wants both for present and future .
Question 10
1 / -0

One of the secondary functions of money is

A
Measure of value

B
Medium of exchange

C
Standard of deferred payments

D
Store of wealth

Solution

It's by definition.

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Re-Attempt Weekly Quiz Competition

Money and Banking online Test - 12

Result

Money and Banking online Test - 12

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SHARING IS CARING

Question 1

8.0

3.0

6.0

4.0

Solution

Question 2

LIC

SBI

RBI

Reliance

Solution

Question 3

SBI

RBI

LIC

Reliance

Solution

Question 4

Bank of foreign exchange

Bank of banks

Bank of delivery

Bank of securities

Solution

Question 5

Bank of foreign exchange

Bank of securities

Bank of the government

Bank of delivery

Solution

Question 6

Custodian of foreign exchange

Custodian of securities

Custodian of deliveries

Custodian of banks

Solution

Question 7

Advancing securities

Advancing issues

Advancing Loans

Advancing foreign exchange

Solution

Question 8

Post Office savings deposits

Term deposits in RBI

Term deposits

Currency and coins

Solution

Question 9

Standard of deferred payments

Store of wealth

Medium of exchange

Store of value

Solution

Question 10

Measure of value

Medium of exchange

Standard of deferred payments

Store of wealth

Solution

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Question Analysis

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