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MCQ Questions for Class 12 Macroeconomics with Answers: Introductory Macroeconomics
Question1.
Initial deposits made by the people from their own resources are called
(i) time deposits
(ii) secondary deposits
(iii) primary deposits
(iv) term deposits
(iii) primary deposits
Question2.
Which of the following is the credit money?
(i) Cheque and draft
(ii) Promissory note
(iii) Exchange note
(iv) All of these
(iv) All of these
Question3.
Money supply includes _
(i) All deposits in bank
(ii) Only demand deposits in banks
(iii) Only time deposits in banks
(iv) Currency with the banks
(ii) Only demand deposits in banks
Question4.
Out of the following , which is the primary function of money supply?
(i) Store of value
(ii) Transfer of value
(iii) Measure of value
(iv) Bases of credit
(iii) Measure of value
Question5.
In order to encourage investment in the economy, the Central Bank may __
(i) Reduce Cash Reserve Ratio
(ii) Increase Cash Reserve Ratio
(iii) Sell Government securities in the open market
(iv) Increase Bank Rate
(i) Reduce Cash Reserve Ratio
Question6.
Institution that accepts deposits for lending purpose is known as __
(i) Commercial Bank
(ii) Central Bank
(iii) Government
(iv) Public
(i) Commercial Bank
Question7.
-is the primary function of money.
(i) transfer of value
(ii) medium of exchange
(iii) standard of deferred payment
(iv) store of value
(ii) medium of exchange
Question8.
Which of the following is the component of M1 measure of money supply?
(i) Time deposit
(ii) Bill of exchange
(iii) Treasury bill
(iv) None of these
(iv) None of these
Question9.
Banks are able to create credit many times more than initial deposits through
(i) secondary deposits
(ii) providing overdraft facilities
(iii) accepting deposits
(iv) advancing loans
(i) secondary deposits
Question10.
Which of the following is the function of a commercial bank?
(i) Accepting deposits
(ii) Credit creation
(iii) Agency function
(iv) All of these
(iv) All of these
Question11.
Limitation of barter system of exchange
(i) lack of unit of value
(ii) lack of store of value
(iii) lack of standard of deferred payments
(iv) all of these
(iv) all of these
Question12.
Bank money is that money which is:
(i) Printed by RBI
(ii) Printed by the government
(iii) Generated in the form of credit creation
(iv) None of these
(iii) Generated in the form of credit creation
Question13.
The ratio of total deposit that a commercial bank has to keep with the Reserve Bank of India is called
(i) Statutory Liquidity Ratio
(ii) Deposit Ratio
(iii) Cash Reserve Ratio
(iv) Legal Reserve Ratio
(iii) Cash Reserve Ratio
Question14.
Giving permission to withdraw money by an amount more than deposited to is known as _
(i) Advance
(ii) Overdraft
(iii) Loan
(iv) None of these
(ii) Overdraft
Question15.
Money supply is a __ concept.
(i) Flow
(ii) Stock
(iii) Variable
(iv) All of these
(ii) Stock
Question16.
Which of the following is not the function of commercial bank?
(i) To accept deposits
(ii) To offer loans
(iii) To provide overdraft facility
(iv) To fix CRR
(iv) To fix CRR
Question17.
_ is the main function of Central Bank.
(i) Notes issue
(ii) Credit creation
(iii) Accepting deposits from the public
(iv) Advancing loans to public
(i) Notes issue
Question18.
Who circulates all mint and one rupee not in India?
(i) Ministry of Finance
(ii) RBI
(iii) Ministry of External Affairs
(iv) State Government
(i) Ministry of Finance
Question19.
Who regulates money supply in India?
(i) Government of India
(ii) Reserve Bank of India
(iii) Planning Commission
(iv) NITI Aayog
(ii) Reserve Bank of India
Question20.
Which of the following is not concerned with banking organization?
(i) Bank rate
(ii) Fiscal deficit
(iii) Credit creation
(iv) Cash reserve ratio
(iv) Fiscal deficit
Question21.
When was the minimum reserve system started in India?
(i) 1947
(ii) 1948
(iii) 1951
(iv) 1957
(iv) 1957
Question22.
The creation of __ is called credit creation.
(i) time deposits
(ii) primary deposits
(iii) secondary deposits
(iv) none of these
(iii) secondary deposits
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MCQ Questions for Class 12 Macro 12 with Answers: Introductory Macro 12
- Lesson 1. Introduction to Macro 12 Class 12 MCQ Questions
- Lesson 2. National Income Accounting Class 12 MCQ Questions
- Lesson 3. Money and Banking Class 12 MCQ Questions
- Lesson 4. Determination of Income and Employment Class 12 MCQ Questions
- Lesson 5. Government Budget and the Economy Class 12 MCQ Questions
- Lesson 6. Open Economy Macro 12 Class 12 MCQ Questions
MCQ Questions for Class 12 12 Indian Economic Development with Answers
- Lesson 1. Indian Economy on the Eve of Independence Class 12 MCQ Questions
- Lesson 2. Indian Economy 1950-1990 Class 12 MCQ Questions
- Lesson 3. Liberalisation, Privatisation and Globalisation: An Appraisal Class 12 MCQ
- Lesson 4. Poverty Class 12 MCQ Questions
- Lesson 5. Human Capital Formation in India Class 12 MCQ Questions
- Lesson 6. Rural Development Class 12 MCQ Questions
- Lesson 7. Employment: Growth, Informalisation and Other Issues Class 12 MCQ
- Lesson 8. Infrastructure Class 12 MCQ Questions
- Lesson 9. Environment and Sustainable Development Class 12 MCQ Questions
- Lesson 10. Comparative Development Experiences of India and its Neighbours Class 12 MCQ