CBSE Class 12 Economics Money and Banking Quiz 3

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CBSE › Class 12 › Economics › Money and Banking

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1. Which one is included in the secondary function of money?

A To make Deferred Payments B Store of Value C Transfer of Value D All of these

2. “Money is a pivot around which the whole economy clusters.” Who said it?

A Keynes B Robertson C Marshall D Hawtrey

3. The function of money is:

A Medium of Exchange B Measure of Value C Store of Value D All the above

4. The functions of money include:

A Value determination B Store of value C Means of exchange D All of these

5. Money is a matter which is:

A a measure of value B accepted as a means of exchange C used to store wealth D All of these

6. By supply of money we mean :

A Money deposited in the bank B Money available with the public C Deposits with post office savings bank D All of these

7. Which of the following is not a function of money?

A Medium of exchange B Price stability C Store of value D Unit of account

8. Which one is the Bank of the Public?

A Commercial Bank B Central Bank C Both (a) and (b) D None of the above

9. The primary function of Commercial Bank is?

A Accepting Deposits B Advancing Loans C Credit Creation D All of these

10. Deposits accepted by the Commercial Banks:

A Current Deposits B Saving Deposits C Time Deposits D All of these

Practice more on Money and Banking

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