Money Unit 1

Money is a

• Measure of finance

• Measure of value

• Measure of time

• Measure of profitability

When money is able to withstand all the hardships and is still usable , it is said to be

• Profitable

• Acceptable

• Durable

• Limited in supply

Which form of money is said to be convenient?

• Coins

• Paper money

• Metals

• Fabric

Which of the following comes under Credit money ?

• Coins

• Metals

• Cheques

• Paper money

What does BRP stand for?

• Bank Rate Policy

• Barter Rate Policy

• Bank Risk Policy

• Bank Rate Money

What causes a rise in inflation and liquidity in the market?

• Reserve rate

• Risk rate

• Repo rate

• Rank rate

The purchase or sale of short term and long term securities by the RBI in the open market is called

• Open Margin Operations

• Open Monetary Operations

• Open Market Operations

• Open Money Operations

An objective of the monetary policy is

• To reduce efficiency

• To promote rigidity

• Restriction of inventories

• Price fluctuations

The barter system was a system where people would exchange

• Money for goods

• Gold for goods

• Coins for goods

• Goods for goods

What category do credit and debit cards come under?

• Paper money

• Natural money

• Plastic money

• Renewable money