What is the defect of the barter system?
  • Lack of double coincidence of wants
  • Difficulty in the measurement of value
  • Difficulty in store of value
  • All of these
Which of the following is the credit money?
  • Cheque and draft
  • Promissory note
  • Exchange note
  • All of these
Which among the following is the near money?
  • Bonds
  • Insurance policy
  • Securities
  • All of these
Which of the following is the feature of money?
  • General acceptability
  • Homogeneous unit
  • Liquid asset
  • All of these
In order to encourage investment in the economy, the Central Bank may ________
  • Reduce Cash Reserve Ratio
  • Increase Cash Reserve Ratio
  • Sell Government securities in the open market
  • Increase Bank Rate
Institution that accepts deposits for lending purpose is known as __________
  • Commercial Bank
  • Central Bank
  • Government
  • Public
Which of the following is the function of a commercial bank?
  • Accepting deposits
  • Credit creation
  • Agency function
  • All of these
The central bank can increase the availability of credit by:
  • Rasing repo rate
  • Raising reverse repo rate
  • Buying government securities
  • Selling government securities
Giving permission to withdraw money by an amount more than deposited to is known as _________
  • Advance
  • Overdraft
  • Loan
  • None of these
What are the alternative measures of money supply in India?
  • M1
  • M2
  • M3 and M4
  • All of these
Who circulates all mint and one rupee not in India?
  • Ministry of Finance
  • RBI
  • Ministry of External Affairs
  • State Government
Which of the following is the function of a Central bank?
  • Issue of notes
  • Banker to the Government and Banks
  • Supply and control of money
  • All of these
The ratio of total deposits that a commercial bank has to keep with RBI is called:
  • Statutory liquidity ratio
  • Deposit ratio
  • Cash reserve ratio
  • Legal reserve ratio
Demand deposits include
  • Saving account deposits and fixed deposits
  • Saving account deposits and current account deposits
  • Current account deposits and fixed deposits
  • All type of deposits
What are the necessary conditions of the Barter System?
  • Limited Needs
  • Limited Exchange Area
  • Economically Backward Society
  • All the above
What are the advantages of the Barter System?
  • Simple System
  • More Mutual Co-operation
  • No Economic Disparities
  • All the above
Which one is the difficulty of the Barter System?
  • Lack of Double Coincidence
  • Difficulty of Division of the Goods
  • Lack of General Acceptable Measure of Value
  • All the above
Which is the correct order of money evolution?
  • Commodity Money, Paper Money, Metal Money
  • Commodity Money, Metal Money, Paper Money, Credit Money
  • Credit Money, Metal Money, Paper Money
  • None of the above
“Money is what money does.” Who said it?
  • Hartley Withers
  • Hawtrey
  • Thomas
  • Keynes
Which one is included in the primary function of money?
  • Medium of Exchange
  • Measure of Value
  • Both (a) and (b)
  • Store of Value
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