Test Details

Economics

Money and banking

Nov 11, 6:15 PM

30 minutes

Nov 11, 6:45 PM

30.0 marks

MCQ

30 questions

kamal kishor gautam

Class Details

ACCOUNTS/ECO/BUSINESS

Class XIIth CBSE/CG Board

ACCOUNTS/ECO/BUSINESS

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Question Text

Question 1 :
Cheque which is crossed can be en-cashed through which of the following medium?

Question 2 :
Consider the following statements and select the correct code given below: I. 'Loss assets' are those $NPAs$ of the banks which have been categorised as such either by the internal/external auditors or the $RBI$. 2. 'Loss assets' are finally written off by the banks.

Question 7 :
Which of the following is likely to be the most inflationary in its effects ?

Question 9 :
When RBI grants a loan to commercial banks and charges interest on it, it is called _________.

Question 11 :
Which of the following does come under India's 'Reserve Money'? Select your answer using the code given below : 1. Net credit of the RBI to the Gol. 2. RBI's credit to the banks.

Question 12 :
To increase the money supply in the economy, central bank reduces the margin requirements.

Question 13 :
Loans offered by commercial banks are equal to deposits received by them.

Question 19 :
Which of the following documents is/are considered as officially valid document to satisfy KYC norms for opening a bank account? A. Passport B. PAN C. Aadhar number issued by Unique Identification Authority of India

Question 21 :
Size of money multiplier is given by the inverse of LRR.

Question 22 :
Who has been appointed the first-ever Chief Financial Officer (CFO) of the Reserve Bank of India (RBI)?

Question 23 :
Banks in India these days, hold about ___ percent of their deposit as cash.

Question 24 :
Exports in India get insurance cover and risk cover from which of the following organizations?

Question 25 :
State whether the following statements are true or false. Inflation has a favourable effect on producers.

Question 26 :
Which of the following will take place once inflation rate increases in India?

Question 30 :
Assertion: During inflation, there is increase in money supply and rise in price level. Reason: The rise in prices is due to shortage in supply of essential consumer goods.

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