CBSE Class 12 Economics Money and Banking Quiz 2

MCQ Mojo

Quiz Guides

Class 1 Class 2 Class 3 Class 4 Class 5 Class 6 Class 7 Class 8 Class 9 Class 10 Class 11 Class 12

Quiz Guides

CBSE

Class 1 Class 2 Class 3 Class 4 Class 5 Class 6 Class 7 Class 8 Class 9 Class 10 Class 11 Class 12

Toggle dark mode

CBSE › Class 12 › Economics › Money and Banking

1/10

0:00

1. Who circulates all mint and one rupee not in India?

A Ministry of Finance B RBI C Ministry of External Affairs D State Government

2. Which of the following is the function of a Central bank?

A Issue of notes B Banker to the Government and Banks C Supply and control of money D All of these

3. The ratio of total deposits that a commercial bank has to keep with RBI is called:

A Statutory liquidity ratio B Deposit ratio C Cash reserve ratio D Legal reserve ratio

4. Demand deposits include

A Saving account deposits and fixed deposits B Saving account deposits and current account deposits C Current account deposits and fixed deposits D All type of deposits

5. What are the necessary conditions of the Barter System?

A Limited Needs B Limited Exchange Area C Economically Backward Society D All the above

6. What are the advantages of the Barter System?

A Simple System B More Mutual Co-operation C No Economic Disparities D All the above

7. Which one is the difficulty of the Barter System?

A Lack of Double Coincidence B Difficulty of Division of the Goods C Lack of General Acceptable Measure of Value D All the above

8. Which is the correct order of money evolution?

A Commodity Money, Paper Money, Metal Money B Commodity Money, Metal Money, Paper Money, Credit Money C Credit Money, Metal Money, Paper Money D None of the above

9. “Money is what money does.” Who said it?

A Hartley Withers B Hawtrey C Thomas D Keynes

10. Which one is included in the primary function of money?

A Medium of Exchange B Measure of Value C Both (a) and (b) D Store of Value

Practice more on Money and Banking

Quiz 1 Quiz 2 Quiz 3 Quiz 4 Quiz 5 Quiz 6 Quiz 7 Quiz 8

MCQ Mojo

Free chapter-wise MCQ practice with instant answers and explanations for CBSE classes 6–12 — plus timed mock tests. Learn smarter, score higher.