CBSE Class 12 Economics Money and Banking Quiz 5

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CBSE › Class 12 › Economics › Money and Banking

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1. Which of the following is the function of the Central Bank?

A Monopoly of Note Issue B Banker of the Government C Custodian of Foreign Exchange Reserves D All the above

2. Which type of currency is issued by Central Bank?

A Currency B Credit Money C Coins D All of these

3. Which is the major objective of credit control?

A To maintain Price Stability B To stabilize Exchange Rate C To production and Employment D All the above

4. Which one is true?

A Bank rate is a rate at which Central Bank is ready to give credit to commercial banks B Bank rate and interest rates are different C Bank rate is the discount rate of the Central Bank D All the above

5. Which is not a quantitative method of credit control?

A Bank Rate B Moral Suasion C Open Market Operations D Change in CRR

6. Every bank is required to maintain a fixed percentage of its assets in the form of cash is called:

A Cash Reserve Ratio B Statutory Liquidity Ratio C Both (a) and (b) D None of the above

7. Reserve Bank of India was established in :

A 1947 B 1935 C 1937 D 1945

8. Monetary policy is related with:

A Public Expenditure B Taxes C Public Debt D Open market operations

9. Which of the following issue paper currency in the country?

A Commercial Bank B Central Bank C World Bank D Industrial Bank

10. The central bank controls credit through:

A Bank rate B Open market C CRR D All the above

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