Money and Banking MCQ
Check the below NCERT MCQ Questions for Money and Banking MCQ with Answers Pdf free download. MCQ Questions for with Answers were prepared based on the latest exam pattern. We have provided Money and Banking MCQs Questions with s to help students understand the concept very well.
Money and Banking MCQs Questions with Answers
Question 11.
Who circulates all mint and one rupee not in India?
(A) Ministry of Finance
(B) RBI
(C) Ministry of External Affairs
(D) State Government
Answer: (A) Ministry of Finance
Question 12.
Which of the following is the narrow measure of the money supply?
(A) M2
(B) M3
(C) M1
(D) M4
Answer: (C) M1
Question 13.
When was the minimum reserve system started in India?
(A) 1947
(B) 1948
(C) 1951
(D) 1957
Answer: (D) 1957
Question 14.
Which is the most liquid measure of the money supply?
(A) M4
(B) M3
(C) M2
(D) M1
Answer: (D) M1
Question 15.
High Powered Money includes:
(A) C + DD + OD
(B) C + R + OD
(C) C + R + TD
(D) C + DD + TD
Answer: (B) C + R + OD
Question 16.
Indian Monetary System is based on ________
(A) Paper Standard
(B) Metallic Standard
(C) Gold Standard
(D) Credit Money Standard
Answer: (A) Paper Standard
Question 17.
Which of the following is the apex bank of India?
(A) RBI
(B) SBI
(C) SBP
(D) PNB
Answer: (A) RBI
Question 18.
Who has the right of note issue?
(A) Central Bank
(B) Commercial Bank
(C) Government
(D) Co-operative Bank
Answer: (A) Central Bank
Question 19.
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
Answer: (D) All of these
Question 20.
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
Answer: (C) Cash reserve ratio
Also Read
Globalisation And The Indian Economy Question MCQ [ Best 70+ ]
[ Best 100+ ] Business Environment MCQs
Fiscal Policy || Questions and Answers || [ Best 20+ ] MCQs on Fiscal Policy
Join Our Telegram Channel For more updates
