CBSE Class 12 Money and Banking Multiple Choice Questions with Answers. MCQ Questions Class 12 Money and Banking with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 12 Money and Banking with Answers to know their preparation level.
Students who are searching for NCERT MCQ Questions Class 12 Money and Banking with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 12 Money and Banking with Answers. You can also verify your answers from the provided MCQ Class 12 Money and Banking with Answers. So, ace up your preparation with MCQ of Class 12 Economics Examinations.
MCQ Questions Class 12 Money and Banking with Answers - Set - 5
Question 1:Â
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
Correct Answer – (B)
Question 2:Â
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
Correct Answer – (D)
Question 3:Â
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
Correct Answer – (D)
Question 4:Â
What is the Central Bank of India?
(a) Commercial Bank
(b) Central Bank
(c) Private Bank
(d) None of these
Correct Answer – (A)
Question 5:Â
The full form of ATM is:
(a) Any Time Money
(b) All Time Money
(c) Automated Teller Machine
(d) Both (a) and (b)
Correct Answer – (C)
MCQ Questions Class 12 Money and Banking With Answers
Question 6:Â
Which type of currency is issued by Central Bank?
(a) Currency
(b) Credit Money
(c) Coins
(d) All of these
Correct Answer – (A)
Question 7:Â
Central Bank of India is:
(a) Reserve Bank of India
(b) State Bank of India
(c) Central Bank of India
(d) Bank of India
Correct Answer – (A)
Question 8:Â
Commercial banks:
(a) Issue currency notes
(b) Accepts deposits from customers
(c) Provide loans to customers
(d) Only (b) and (c)
Correct Answer – (D)
Question 9:Â
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
Correct Answer – (C)
Question 10:Â
Credit money is increased when CRR:
(a) Falls
(b) Rises
(c) Both (a) and (b)
(d) None of these
