Principles Of Economics And Management (3140709) MCQs

MCQs of Money and Banking

Showing 1 to 10 out of 35 Questions
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1.
Money is a _______.
(a) Economic good
(b) Consumable good
(c) Durable good
(d) Nondurable good
Answer:

Option (a)

2.
Before money was introduced the system used for exchange is known as _______.
(a) Better system
(b) Best system
(c) Barter system
(d) Booster system
Answer:

Option (c)

3.
The term money is derived from the Latin word _______.
(a) Moneyta
(b) Moneta
(c) Monta
(d) Mineta
Answer:

Option (b)

4.
Which is not the correct characteristic of money?
(a) Portability
(b) Uniformity
(c) Acceptability
(d) Unlimited supply
Answer:

Option (d)

5.
Which is not the correct function of money?
(a) Medium of exchange
(b) Measure of value
(c) Standard of measure
(d) None of these
Answer:

Option (d)

6.
Which is not a type of money?
(a) Metallic money
(b) Wooden money
(c) Paper money
(d) Plastic money
Answer:

Option (b)

7.
Which is not a type of money?
(a) Fiat money
(b) Wide money
(c) Fiat money and Wide money both
(d) None of these
Answer:

Option (d)

8.
Coins and currencies introduced by the central bank in the economy are known as :
(a) Narrow money
(b) Broad money
(c) Wide money
(d) RBI money
Answer:

Option (a)

9.
Identify the type of money from the sentence: "receiver of such instruments against the settlement of the monetary consideration can refuse to accept it"
(a) Legal money
(b) Optional money
(c) Fiat money
(d) Metalic money
Answer:

Option (b)

10.
What are the objectives of the Monetary Policy of India?
(a) Price stability
(b) High economic growth
(c) Both A and B
(d) None of these
Answer:

Option (c)

Showing 1 to 10 out of 35 Questions
1 2 3 4