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 51.
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

Answer: (b) To stabilize Exchange Rate

Question 52.
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

Answer: (d) All the above

Question 53.
Which is not a quantitative method of credit control?
(a) Bank Rate
(b) Moral Suasion
(c) Open Market Operations
(d) Change in CRR

Answer: (b) Moral Suasion

Question 54.
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

Answer: (b) Statutory Liquidity Ratio

Question 55.
Reserve Bank of India was established in :
(a) 1947
(b) 1935
(c) 1937
(d) 1945

Answer: (b) 1935

Question 56.
Monetary policy is related with:
(a) Public Expenditure
(b) Taxes
(c) Public Debt
(d) Open market operations

Answer: (d) Open market operations

Question 57.
Which of the following issue paper currency in the country?
(a) Commercial Bank
(b) Central Bank
(c) World Bank
(d) Industrial Bank

Answer: (b) Central Bank

Question 58.
The central bank controls credit through:
(a) Bank rate
(b) Open market
(c) CRR
(d) All the above

Answer: (a) Bank rate

Question 59.
Which of the following is a qualitative method of credit control?
(a) Variation in cash reserve ratio of banks
(b) Restriction on consumer credit
(c) Open market operations
(d) Variation in bank rate

Answer: (b) Restriction on consumer credit

Question 60.
The major objectives of monetary policy is/are:
(a) Increase in output and employment
(b) Stability in the foreign exchange rate
(c) Price stability
(d) All of these

Answer: (d) All of these

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