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Economics Quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Supply of money refers to

a)

Stock of money held by banking system of country at a given point of time.

b)

Stock of money held by govt and banking system of country at a given point of time.

c)

Stock of money held by people of country at a given point of time.

d)

None of these

2.

Money supply is :-

a)

Flow concept

b)

Stock concept

c)

Both stock and flow

d)

None of these

3.

The producer of money includes

a)

Public financial institution

b)

Govt and banking system

c)

Govt and non banking financial companies

d)

None of these

4.

The demand deposits includes

a)

Current account and term deposits

b)

Saving and fixed deposits

c)

Saving and current account

d)

None of these

5.

Which of the following is non chequeable deposits

a)

Saving account

b)

Current account

c)

Term deposits

d)

None of these

6.

According to M1 approach money supply includes:-

a)

Currency and coins with public

b)

Demand deposits with commercial bank

c)

Demand deposits with Central bank of other foreign central bank, IMF, world bank , foreign govt, financial institution

d)

None of these

7.

The money which is issued by the order of the govt is called

a)

Credit money

b)

Fiat money

c)

Fiduciary money

d)

None of these

8.

Anything which is accepted as money due to trust between payer and payee is called

a)

Fiat money

b)

Credit money

c)

Fiduciary money

d)

None of these

9.

The gold coins are not in circulation because

a)

Money value is more than commodity value

b)

Money value is less than commodity value

c)

Money value is equal to commodity value

d)

None of these

10.

Those deposits which can be withdrawn or transferred on demand is known as:-

a)

Term deposits

b)

Demand deposits

c)

Recurring deposits

d)

None of these