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 - 3
Question 1:
The function of money is:
(a) Medium of Exchange
(b) Measure of Value
(c) Store of Value
(d) All the above
Correct Answer – (D)
Question 2:
Which one is included in the secondary function of money?
(a) To make Deferred Payments
(b) Store of Value
(c) Transfer of Value
(d) All of these
Correct Answer – (D)
Question 3:
“Money is what money does.” Who said it?
(a) Hartley Withers
(b) Hawtrey
(c) Thomas
(d) Keynes
Correct Answer – (A)
Question 4:
Which one is the difficulty of the Barter System?
(a) Lack of Double Coincidence
(b) Difficulty of Division of the Goods
(c) Lack of General Acceptable Measure of Value
(d) All the above
Correct Answer – (D)
Question 5:
What are the necessary conditions of the Barter System?
(a) Limited Needs
(b) Limited Exchange Area
(c) Economically Backward Society
(d) All the above
Correct Answer – (D)
MCQ Questions Class 12 Money and Banking With Answers
Question 6:
“Money is a pivot around which the whole economy clusters.” Who said it?
(a) Keynes
(b) Robertson
(c) Marshall
(d) Hawtrey
Correct Answer – (C)
Question 7:
Which one is included in the primary function of money?
(a) Medium of Exchange
(b) Measure of Value
(c) Both (a) and (b)
(d) Store of Value
Correct Answer – (C)
Question 8:
Which is the correct order of money evolution?
(a) Commodity Money, Paper Money, Metal Money
(b) Commodity Money, Metal Money, Paper Money, Credit Money
(c) Credit Money, Metal Money, Paper Money
(d) None of the above
Correct Answer – (B)
Question 9:
What are the advantages of the Barter System?
(a) Simple System
(b) More Mutual Co-operation
(c) No Economic Disparities
(d) All the above
Correct Answer – (D)
Question 10:
Demand deposits include
(A) Saving account deposits and fixed deposits
(B) Saving account deposits and current account deposits
(C) Current account deposits and fixed deposits
(D) All type of deposits
