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 31.
The functions of money include:
(a) Value determination
(b) Store of value
(c) Means of exchange
(d) All of these
Answer: (d) All of these
Question 32.
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
Answer: (d) All of these
Question 33.
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
Answer: (d) All of these
Question 34.
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
Answer: (b) Price stability
Question 35.
Which one is the Bank of the Public?
(a) Commercial Bank
(b) Central Bank
(c) Both (a) and (b)
(d) None of the above
Answer: (a) Commercial Bank
Question 36.
The primary function of Commercial Bank is?
(a) Accepting Deposits
(b) Advancing Loans
(c) Credit Creation
(d) All of these
Answer: (d) All of these
Question 37.
Deposits accepted by the Commercial Banks:
(a) Current Deposits
(b) Saving Deposits
(c) Time Deposits
(d) All of these
Answer: (d) All of these
Question 38.
What type of loan is advanced by Commercial Banks?
(a) Cash Credit
(b) Overdraft
(c) Loan and Advance
(d) All of these
Answer: (d) All of these
Question 39.
Which function is the Secondary Function of Commercial Banks?
(a) Agency Function
(b) General Utility Function
(c) Social Function
(d) All of these
Answer: (d) All of these
Question 40.
Which is the Agency Function of Commercial Banks?
(a) Advancing Loans
(b) Accepting Deposits
(c) Act as Trustee
(d) Locker Facility
Answer: (c) Act as Trustee
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