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.
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MCQ Questions Class 12 Money and Banking with Answers - Set - 2
Question 1:
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
Correct Answer – (C)
Question 2:
Who has the right of note issue?
(A) Central Bank
(B) Commercial Bank
(C) Government
(D) Co-operative Bank
Correct Answer – (A)
Question 3:
Indian Monetary System is based on ________
(A) Paper Standard
(B) Metallic Standard
(C) Gold Standard
(D) Credit Money Standard
Correct Answer – (A)
Question 4:
Which is the most liquid measure of the money supply?
(A) M4
(B) M3
(C) M2
(D) M1
Correct Answer – (D)
Question 5:
Which of the following is the narrow measure of the money supply?
(A) M2
(B) M3
(C) M1
(D) M4
Correct Answer – (C)
MCQ Questions Class 12 Money and Banking With Answers
Question 6:
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
Correct Answer – (D)
Question 7:
Which of the following is the apex bank of India?
(A) RBI
(B) SBI
(C) SBP
(D) PNB
Correct Answer – (A)
Question 8:
High Powered Money includes:
(A) C + DD + OD
(B) C + R + OD
(C) C + R + TD
(D) C + DD + TD
Correct Answer – (B)
Question 9:
When was the minimum reserve system started in India?
(A) 1947
(B) 1948
(C) 1951
(D) 1957
Correct Answer – (D)
Question 10:
Who circulates all mint and one rupee not in India?
(A) Ministry of Finance
(B) RBI
(C) Ministry of External Affairs
(D) State Government
