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 41.
Credit Multiplier is:
(a) 1CRR
(b) cash×1 CRR
(c) Cash x CRR
(d) None of these

Answer: (a) 1CRR

Question 42.
Credit money is increased when CRR:
(a) Falls
(b) Rises
(c) Both (a) and (b)
(d) None of these

Answer: (a) Falls

Question 43.
The full form of ATM is:
(a) Any Time Money
(b) All Time Money
(c) Automated Teller Machine
(d) Both (a) and (b)

Answer: (c) Automated Teller Machine

Question 44.
The main function of a commercial bank is:
(a) Credit control
(b) Loaning to other banks
(c) Accept deposits from customers
(d) All the above

Answer: (c) Accept deposits from customers

Question 45.
What is the Central Bank of India?
(a) Commercial Bank
(b) Central Bank
(c) Private Bank
(d) None of these

Answer: (a) Commercial Bank

Question 46.
Commercial banks:
(a) Issue currency notes
(b) Accepts deposits from customers
(c) Provide loans to customers
(d) Only (b) and (c)

Question 47.
What is true for the Central Bank?
(a) Apex Bank of the Country
(b) Ownership of the Government
(c) Regulates the entire banking system in the country
(d) All the above

Answer: (d) All the above

Question 48.
Central Bank of India is:
(a) Reserve Bank of India
(b) State Bank of India
(c) Central Bank of India
(d) Bank of India

Answer: (a) Reserve Bank of India

Question 49.
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

Answer: (d) All the above

Question 50.
Which type of currency is issued by Central Bank?
(a) Currency
(b) Credit Money
(c) Coins
(d) All of these

Answer: (a) Currency

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