MONEY AND BANKING

MONEY AND BANKING

12th Grade

10 Qs

quiz-placeholder

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MONEY AND BANKING

MONEY AND BANKING

Assessment

Quiz

Other

12th Grade

Medium

Created by

anuradha singh

Used 66+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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

Gold

Money

Land

Treasury bond

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Currency notes and coins are called as:

FLAT MONEY

FIAT MONEY

LEGAL TENDER MONEY

BOTH 2 AND 3

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Direct exchange of goods against goods is called:

CHARTER

MONEY

BARTER

NONE OF THESE

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What are the advantages of Barter System ?

Simple System

More Mutual Co-operation

No Economic Disparities

All the above

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which one is included in the primary function of money ?

Medium of Exchange

Measure of Value

Both of the above

Store of value

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

By supply of money we mean :

Money deposited in bank

Money available with the public

Deposits with post office savings bank

All of these

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