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question_answer1)
From the following statements given in Column I and Column II, choose the correct pair of statements:
| Column I |
Column II |
| (A) |
\[{{M}_{1}}\] |
1. |
\[{{M}_{3}}\] + Total deposits with post office |
| (B) |
\[{{M}_{2}}\] |
2. |
C + DD + other deposits with SBI |
| (C) |
\[{{M}_{3}}\] |
3. |
\[{{M}_{1}}\] + Net time deposits with banks |
| (D) |
\[{{M}_{4}}\] |
4. |
\[{{M}_{1}}\] + Saving deposits with post office saving banks |
A)
A - 2, B - 4, C - 3, D - 1 done
clear
B)
A - 3, B - 1, C - 4, D - 2 done
clear
C)
A - 4, B - 3, C - 2, D - 1 done
clear
D)
A - 2, B - 1, C - 3, D - 4 done
clear
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question_answer2)
From the following statements given in Column I and Column II, choose the correct pair of statements:
| Column I |
Column II |
| (A) |
Stock variable |
1. |
Legal tender money |
| (B) |
Fiat money |
2. |
C + DD + other deposits with SBI |
| (C) |
Fiduciary money |
3. |
Money supply |
| (D) |
\[{{M}_{1}}\] |
4. |
Cheque |
A)
A - 3, B - 4, C - 2, D - 1 done
clear
B)
A - 3, B - 1, C - 4, D - 2 done
clear
C)
A - 4, B - 2, C - 3, D - 1 done
clear
D)
A - 2, B - 1, C - 3, D - 4 done
clear
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question_answer3)
Which cannot be withdrawn before a set date or for which notice of withdrawal is required?
| Column I | Column II |
| (A) | Money supply | 1. | Against which cheques are issued |
| (B) | Demand deposits | 2. | FIAT money |
| (C) | Legal tender money | 3. | Fiduciary money |
| (D) | Non-legal tender money | 4. | Components of money supply |
| (E) | Currency and demand Deposits | 5. | Stock variable |
A)
A - 2, B - 3, C - 1, D - 4, E - 5 done
clear
B)
A - 5, B - 3, C - 4, D - 1, E - 2 done
clear
C)
A - 5, B - 1, C - 2, D - 3, E - 4 done
clear
D)
A - 1, B - 2, C - 4, D - 3, E - 5 done
clear
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question_answer4)
From the following statements given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| (A) | Barter system | 1. | Simultaneous fulfilment of mutual wants of buyers and sellers |
| (B) | Gross demand deposits | 2. | Exchange of goods for goods |
| (C) | Currency and coins | 3. | Legal tender money |
| (D) | Double coincidence of wants | 4. | Includes inter-banking claims |
A)
A - 3, B - 4, C - 1, D - 2 done
clear
B)
A - 4, B - 3, C - 2, D - 1 done
clear
C)
A - 2, B - 3, C - 4, D - 1 done
clear
D)
A - 2, B - 4, C - 3, D - 1 done
clear
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question_answer5)
From the following statements given in Column I and Column II, choose the correct pair of statement:
| Column I | Column II |
| (A) | Producers of money | 1. | C - C Economy |
| (B) | Users of money | 2. | Face value > commodity value |
| (C) | Credit money | 3. | RBI and Government |
| (D) | Barter system | 4. | Firms and household |
A)
A - 3, B - 4, C - 2, D - 1 done
clear
B)
A - 4, B - 3, C - 2, D - 1 done
clear
C)
A - 1, B - 3, C - 2, D - 4 done
clear
D)
A - 2, B - 4, C - 3, D - 1 done
clear
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question_answer6)
From the following statement given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| (A) | Double coincidence of wants | 1. | Barter system |
| (B) | High powered money | 2. | Money created by commercial banks in the form of demand deposits |
| (C) | Bank money | 3. | Huge trading costs |
| (D) | C - C Economy | 4. | Base money |
A)
A - 4, B - 3, C - 2, D - 1 done
clear
B)
A - 3, B - 4, C - 2, D - 1 done
clear
C)
A - 1, B - 2, C - 3, D - 4 done
clear
D)
A - 4, B - 1, C - 2, D - 3 done
clear
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question_answer7)
From the following statements given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| (A) | \[{{M}_{1}}\] or \[{{M}_{2}}\] | 1. | Exclusive of inter - banking claims |
| (B) | \[{{M}_{3}}\] or \[{{M}_{4}}\] | 2. | Lack of store of value |
| (C) | Net demand deposits | 3. | Narrow money |
| (D) | Barter system | 4. | Broad money |
A)
A - 3, B - 4, C - 1, D - 2 done
clear
B)
A - 4, B - 3, C - 2, D - 1 done
clear
C)
A -1, B - 2, C - 3, D - 4 done
clear
D)
A - 3, B -1, C - 2, D - 4 done
clear
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question_answer8)
From the following statements given in Column I and Column II, choose the correct pair of statements:
| Column I |
Column II |
| (A) |
Under this system, the Central Bank is required to keep a minimum reserve of gold and foreign exchange worth of Rs. 200 crore. |
1. |
Inconvertible paper currency standard |
| (B) |
The present monetary system in India is also known as |
2. |
Minimum reserve |
| (C) |
People hold cash for unforeseen contingencies |
3. |
Speculative motive |
| (D) |
People hold cash for making gainful investments |
4. |
Precautionary motive |
A)
A - 4, B - 1, C - 2, D - 3 done
clear
B)
A - 3, B - 1, C - 4, D - 2 done
clear
C)
A - 2, B - 1, C - 4, D - 3 done
clear
D)
A - 1, B - 2, C - 3, D - 4 done
clear
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question_answer9)
From the following statements given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| (A) | Contracts involving future payments were not possible under barter system. | 1. | Lack of common measure of value |
| (B) | Under barter system, it was difficult for people to maintain wealth. | 2. | Double coincidence of wants |
| (C) | Barter system was possible only when both buyer and seller were ready to exchange each other's goods. | 3. | Lack of standard of deferred payments |
| (D) | Under barter system, it was difficult to know about how much of one commodity should to given to exchange other commodity. | 4. | Lack of store of value |
A)
A - 3, B - 4, C - 2, D - 1 done
clear
B)
A - 1, B - 2, C - 4, D - 3 done
clear
C)
A - 4, B - 2, C - 1, D - 3 done
clear
D)
A - 2, B - 3, C - 1, D - 4 done
clear
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question_answer10)
From the following statements given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| (A) | Encashed by issuing a cheque | 1. | Transaction money |
| (B) | Currency and coins, cheques (or demand deposits) are | 2. | Demand deposits |
| (C) | \[{{M}_{1}}\] is also known as | 3. | Exclude national saving certificates |
| (D) | \[{{M}_{4}}\] | 4. | Components of money supply |
A)
A - 4, B - 3, C - 1, D - 2 done
clear
B)
A - 1, B - 2, C - 4, D - 3 done
clear
C)
A - 2, B - 4, C - 1, D - 3 done
clear
D)
A - 3, B - 4, C - 2, D - 1 done
clear
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question_answer11)
From the following statements given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| (A) | \[{{M}_{1}}\] | 1. | \[{{M}_{1}}\]+ Net time deposits with the banks |
| (B) | \[{{M}_{2}}\] | 2. | Currency with public + Demand deposits of commercial banks + Other deposits with RBI |
| (C) | \[{{M}_{3}}\] | 3. | \[{{M}_{3}}\] + Total post office deposits excluding national saving certificates |
| (D) | \[{{M}_{4}}\] | 4. | \[{{M}_{1}}\] + Post office saving bank deposits |
A)
A - 2, B - 4, C - 1, D - 3 done
clear
B)
A - 4, B - 1, C - 3, D - 2 done
clear
C)
A - 2, B - 3, C - 1, D - 4 done
clear
D)
A - 3, B - 4, C - 1, D - 2 done
clear
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question_answer12)
From the following statements given in Column I and Column II, choose the correct pair of statements:
| Column I |
Column II |
| (A) |
Coins |
1. |
Ministry of Finance Government of India |
| (B) |
Coinage bill |
2. |
Rs. 1,000 |
| (C) |
Maximum limit to accept |
3. |
limited legal tender payments in coins |
| (D) |
Rs. 1 note and all coins are issue by |
4. |
August, 2011 |
A)
A - 1, B - 2, C - 3, D - 4 done
clear
B)
A - 4, B - 3, C - 2, D -1 done
clear
C)
A - 3, B - 2, C - 1, D - 4 done
clear
D)
A - 3, B - 4, C - 2, D - 1 done
clear
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