WorksheetsMoney and banking
Total questions: 20
Worksheet time: 39mins
............. is the rate at which commercial banks borrow from central bank in emergency
CRR
SLR
Bank rate
Reverse repo rate
........... is the ratio of deposits which bank keep with the central bank
CRR
SLR
Bank rate
Reverse repo rate
.......... is the rate at which commercial banks borrow short term funds from the central bank by selling their financial securities to the central bank
CRR
SLR
Bank rate
Repo rate
Demand deposit created by the commercial bank are called
High powered money
Money
Bank money
Time deposit
Which of the following is not a function of central bank
Banker's supervisor
Lender of last resort
Money creation
Controller of credit
The currency created by the central bank is called
High powered money
Money
Bank money
Money supply
.......... are called legal tenders
Demand deposit
Time deposits
Inter-bank deposit
currency notes and coins
Deposit creation process comes to an end when
fresh deposit with bank become zero
LRR become zero
money multiplier becomes zero
total reserves equal initial deposits
If an economy is to control recession like most of the Euro-zone nations, which of the following is appropriate
Reducing repo rate
Reducing CRR
Both (a) and (b)
None (a) and (b)
If the total deposit created by commercial banks is Rs 20000 cr and LRR is 20%,then amount of initial deposit will be
Rs 2000 cr
Rs 3000 cr
Rs 4000 cr
Rs 14000 cr
Money which is accepted as a medium of exchange because of the trust between the payer and the payee is called
Full bodied money
credit money
Fiat money
fiduciary money
Electronic transfer of money in terms of credit/debit entries of the account holders in the banks is called
e-marketing
e-business
e-money
e-banking
In case of credit money
money value=commodity value
money value>commodity value
money value<commodity value
none of these
Transfer of value has become easier with
evolution of money
storage of money
measure of value
all of these
The concept of global economy has come into existence due to
store of value
transfer of value
measure of value
none of these
Term deposits are those
against which no cheque can be issued
against which no interest is paid to the depositor
which are fixed deposits
Both (a) and (c)
Which of the following system is followed by RBI for issuing currency?
Proportionate system
Simple deposit system
Minimum reserve system
Fixed fiduciary issue system
............is the rate at which the central bank borrow funds from commercial bank
CRR
SLR
Bank rate
Reverse repo rate
Money is the most liquid of all the asset because
it is a medium of exchange
it is an unit of account
it act as a store of value
it is a standard of deferred payment
which of the following agency is responsible for issuing Rs 1 currency note in India?
RBI
Ministry of commerce
Ministry of finance
Niti aayog
