Economics Test ...

A farmer exchanges wheat for cloth.

This system of exchange is referred to as ________

______ money refers to the m oney backed by the authority of the government.

In credit money, the money value is less than the commodity value.

‘A’ has a good that ‘B’ wants and ‘B’ has a good that A’ wants. This is referred to as ______ under barter system of exchange.

Cheques are examples of _________ money.

In the present COVID 19 times, many economists have raised their concerns that Indian economy may have to face a deflationary situation, due to reduced economic activities in the country. Suppose you are a member of the high-powered committee constituted by the Reserve Bank of India (RBI).

You have suggested that as the supervisor of commercial banks, ...............of the money supply be ensured, by the Reserve Bank of India (RBI).

_______ is the agent and adviser to the Government of India.

Loans offered by commercial banks .......... the m oney supply in the economy.

Supply of m oney refers to ________

All financial institutions are banking institutions.