WorksheetsMonetary Policy and Central Banking - Semi Finals Quiz 1
Total questions: 10
Worksheet time: 3mins
As mandated by law, the Central Bank via the Monetary Board, occupies a very peculiar position of giving advice to government, its political subdivision, and instrumentalities.
True
False
An example of bank capital build-up is the upgrading of interest on deposits.
True
False
Monetary Board has the unique right to offer advice, and to press such advice even to the point of nagging; but always of course subject to the supreme authority of the government.
True
False
Central Bank is organized or created for the purpose of profit-making or profit-seeking venture.
True
False
Monetary Authority was "to ensure a strong monetary foundation and adequate resource inputs to the development process.
True
False
Monetary Board is vested with monetary and credit authority.
True
False
The abandonment of the Fiat and Commodity Money gave way to a new era of monetary system.
True
False
Bank consolidation or merger is being discouraged by the Central Bank.
True
False
Monetary Board has the power to authorize such expenditures of the Central Bank in the interest of its effective administration and operations.
True
False
The members of the Monetary board are the governor of the Central Bank as the chairman, a cabinet member and 5 members from the public sector.
True
False
