MONEY AND BANKING

Which among the following is considered to be the most liquid asset?

• Gold

• Money

• Land

• Treasury bond

The number of times a unit of money exchanges hands during a unit period of time is known as:

• velocity of circulation of money

• momentum of circulation of money

• count of circulation of money

• circulation of money

Currency notes and coins are called as:

• FLAT MONEY

• FIAT MONEY

• LEGAL TENDER MONEY

• BOTH 2 AND 3

Direct exchange of goods against goods is called:

• CHARTER

• MONEY

• BARTER

• NONE OF THESE

What are the advantages of Barter System ?

• Simple System

• More Mutual Co-operation

• No Economic Disparities

• All the above

Which one is included in the primary function of money ?

• Medium of Exchange

• Measure of Value

• Both of the above

• Store of value

By supply of money we mean :

• Money deposited in bank

• Money available with the public

• Deposits with post office savings bank

• All of these

Who regulates money supply ?

• Govt, of India

• Reserve Bank of India

• Commercial Bank

• Planning Commission

The primary function of Commercial Bank is ?

• ACCEPTING DEPOSITS

• GIVING LOAN

• CREATING CREDIT

• ALL OF THESE

Which is the Agency Function of Commercial Banks ?

• Advancing Loans

• Accepting Deposits

• Act as Trustee

• Locker Facility