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Money and Banking Test - 1

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Money and Banking Test - 1
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Weekly Quiz Competition
  • Question 1
    1 / -0

    M1 includes

    Solution

    M1 includes money held by public +demand deposits +other deposits by RBI.

     

  • Question 2
    1 / -0

    The fraction of deposits is kept as Cash Reserves by the commercial banks with the

    Solution

    To maintain stablity in monetary sector. 

     

  • Question 3
    1 / -0

    The broad definition of money is based on

    Solution

    Broad money is less liquid. So  ,based on store of value function. 

     

  • Question 4
    1 / -0

    An economy based on barter system is also called as

    Solution

    Commodities are exchanged for commodities. 

     

  • Question 5
    1 / -0

    Money is a medium of

    Solution

    Money is universally accepted as a medium of exchange. It can be used to buy anything worldwide.

     

  • Question 6
    1 / -0

    One of the type of deposit accounts with the commercial banks is

    Solution

    Money is deposited in savings account and remains probably most  liquid in this account.

     

  • Question 7
    1 / -0

    One of the secondary functions of money is

    Solution

    This function deserves secondary importance.

     

  • Question 8
    1 / -0

    Raising CRR by the central bank in India during excess demand will be

    Solution

    Interest rate would increase leading to decrease in investment leading to reduction in aggregate demand.

     

  • Question 9
    1 / -0

    Money supply is equal to

    Solution

    Supply of money is a stock variable. Any money must circulate  (used for transactions )to be called money .

     

  • Question 10
    1 / -0

    M2 includes M1 and

    Solution

    M2=M1+saving deposits of post office savings bank. 

     

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