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Money and Banking online Test - 14

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Money and Banking online Test - 14
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Every business undertaking is engaged in the production and/ or distribution of ________ in exchange of money.
    Solution
    Every business undertaking is engaged in the production and/ or distribution of goods or services in exchange for money. The essential characteristic of business undertaking involves the production or distribution of goods and services in order to satisfy human wants and needs in exchange for money or profit.Hence, option (D) is the correct answer.
  • Question 2
    1 / -0
    According to Negotiable Instrument Act $$1881$$, which of the following is not the type of promissory note?
    Solution
    According to Negotiable Instrument Act, 1881, a promise to pay the bearer is not the type of promissory note s promissory note can be defined as a written document which states the promise to pay the sum of money to a specified person.
  • Question 3
    1 / -0
    The role played by Central Bank is
  • Question 4
    1 / -0
    Central Bank is collecting data related to economic aspects of
  • Question 5
    1 / -0
    The central bank is guided by profit motive. 
  • Question 6
    1 / -0
    The money deposit made by the buyer to the seller of real estate during negotiation stage is known as ________________.
    Solution
    The money deposit made by the buyer to the seller of real estate during the negotiation stage is known as Earnest Money Deposit. An earnest money deposit can be referred to as a specific form of security deposit made in some major transaction. It is done by the applicant to show his willingness to complete the transaction.Hence, option (A) is the correct answer.
  • Question 7
    1 / -0
    The relationship between the price of a share and the sensex is measurably _____________.
    Solution
    The relationship between the price of a share and the sensex is measurably alfa. It helps to measure the performance of securities. It helps in bench marking fund portfolios and launching of index funds.
    Hence, option (A) is the correct answer.
  • Question 8
    1 / -0
    _______ is the Central Bank for USA.
  • Question 9
    1 / -0
    Central banks came into existence in the early _______ through official legislation.
  • Question 10
    1 / -0
    The primary function of Central Bank is?
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