WorksheetsMONEY AND SUPPLY OF MONEY
Total questions: 20
Worksheet time: 10mins
Money is what (a) does.
In case of full bodied money :
commodity value>money value
commodity value<money value
commodity value=money value
none of these
Fudiciary money is accepted on the basis of
government order
mutul trust between payer and payee
trust in banking system
none of these
Who supplies money
government
RBI
commercial banks
LIC
M1measurement of money supply=
C+DD+OD
C+CRR+SLR
C+POST OFFICE SAVING ACCOUNT+TERM DEPOSIT
C+DD
Money supply refers to :
Total volume of money held by the public at a particular point of time
Total volume of money held by the public at a period of time
Total amount of money held by Government
Both A & B
In the terminology of economics and money demand, the terms M1 and M2 are also known as :
Short money
Long money
Broad money
Narrow money
Other deposits with RBI includes:
Deposits of commercial banks
Demand Deposits of foreign central banks
Deposits of public financial Institutions
Both B & C
what items are not included in the M1 measure of money supply?
currency and coins with public
inter bank deposits
other deposit with RBI
demand deposit with banks
money concept is a __________concept
stock
flow
both (a) and (b)
neither (a ) nor (b)
When one commodity is exchanged with another commodity the system is
Barter system
Monetary system
Digital system
Exchange sysrem
Which one of these is a limitation of barter system
Lack of double coincidence of wants
Lack of store of value
Lack of common measure of value
All of these
M3 is also known as
(a)
What possess general acceptability?
Bank draft
Money
Bill of exchange
What is the name of Central Bank in India?
SBI
RBI
PNB
Money which is accepted as a medium of exchange because of trust between the payer and the payee is called-
full bodied money
fait money
fiduciary money
credit money
Money thai is issued by the authority of the government is called-
full bodied money
fait money
fuduciary money
all the above
The ability to express the value of goods and services in different amounts of a currency is money's function as...
a medium of exchange
a unit of account
a store of value
