Money and Banking online Test

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Money and Banking online Test - 30

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Weekly Quiz Competition

Question 1
1 / -0

The contingent function of money are

A
Distribution of national income

B
Distribution from of capital

C
Basis of credit

D
All of the above

Solution

Some of the contingent functions of money in economics are as follows: (i) Distribution of National Income (ii) Maximization of Satisfaction (iii) Basis of Credit Creation (iv) Productivity of Capital (v) Bearer of Options and (vi) Guarantee of Solvency. Hence, correct answer is option D.
Question 2
1 / -0

Difficulty with barter system was

A
Exchange was difficult due to lack of double coincidence of wants.

B
Credit purchase was difficult as nature of commodity kept changing.

C
Evaluation of the commodity was difficult as the commodities exchanged were different.

D
All of the above

Solution

The problem with the barter system was that both the parties had to agree to sell and buy each other’s product. This is known as double coincidence of wants. In barter system, where goods are directly exchanged without the use of money, it is essential that there is a double coincidence. Double coincidence is a situation where two persons need or desire to have each other’s product.
Question 3
1 / -0

SETU means _________________________.

A
Small Employment & Talent Utilization

B
Self Enrolment & Talent Utilization

C
Self Employment & Talent Utilization

D
Self Employment & Talent Utility

Solution

SETU means Self Employment & Talent Utilization. SETU helps to support new start-ups and finance small businesses in India. It helps to promote culture of innovation and entrepreneurship.
Question 4
1 / -0

_________defines market as, " not any particular market place in which things are bought and sold, but the whole of any region in which buyers and sellers are in such free intercourse with each other that the prices of the same goods tend to equality easily and quickly".

A
Alfred Marshall

B
Ely

C
Stonier and Hague

D
Cournot
Question 5
1 / -0

It is uncommon for an item to be liquid if

A
It is not acceptable in the market

B
Can not be sold in the market

C
Not accepted by creditors

D
Both a & b
Question 6
1 / -0

Simultaneous purchase and sale of the same stock in two different markets is known as ______________.

A
basket trading

B
badla

C
arbitrage

D
margin trading

Solution

A basket trade is an order to buy or sell a group of securities simultaneously. Basket trading is essential for institutional investors and investment funds who wish to hold a large number of securities in certain proportions.
Question 7
1 / -0

Liquidity means

A
A highly acceptable item in the market

B
A credit money

C
A debit money

D
All of the above
Question 8
1 / -0

The purpose of the central banks is _________.

A
to ensure the stability of the financial system

B
to control the availability of money and credit to ensure low inflation, high growth, and the stability of the financial system.

C
only to ensure that the economy sees high growth.

D
only to control the availability of money and to ensure low inflation.
Question 9
1 / -0

The Central Bank of the country also acts as a banker to the government which normally involves _______.

A
providing ordinary banking services to the government

B
being a public debt agent and underwriter to the government

C
being an advisor

D
all of above
Question 10
1 / -0

The practice of creating a full-fledged central bank so as to take charge of the existing financial system got an impetus by the recommendations made by the International Financial Conference held at _________.

A
Mumbai

B
London

C
New York

D
Brussels

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Re-Attempt Weekly Quiz Competition

Money and Banking online Test - 30

Result

Money and Banking online Test - 30

Score

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Rank

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SHARING IS CARING

Question 1

Distribution of national income

Distribution from of capital

Basis of credit

All of the above

Solution

Question 2

Exchange was difficult due to lack of double coincidence of wants.

Credit purchase was difficult as nature of commodity kept changing.

Evaluation of the commodity was difficult as the commodities exchanged were different.

All of the above

Solution

Question 3

Small Employment & Talent Utilization

Self Enrolment & Talent Utilization

Self Employment & Talent Utilization

Self Employment & Talent Utility

Solution

Question 4

Alfred Marshall

Ely

Stonier and Hague

Cournot

Question 5

It is not acceptable in the market

Can not be sold in the market

Not accepted by creditors

Both a & b

Question 6

basket trading

badla

arbitrage

margin trading

Solution

Question 7

A highly acceptable item in the market

A credit money

A debit money

All of the above

Question 8

to ensure the stability of the financial system

to control the availability of money and credit to ensure low inflation, high growth, and the stability of the financial system.

only to ensure that the economy sees high growth.

only to control the availability of money and to ensure low inflation.

Question 9

providing ordinary banking services to the government

being a public debt agent and underwriter to the government

being an advisor

all of above

Question 10

Mumbai

London

New York

Brussels

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