Money and Banking 1

Money and Banking 1

M 1 = Currency will Public + ______ + Other Deposits with RBI

Demand deposits with commercial banks money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

All financial institutions are banking institutions.

False money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

Loans offered by commercial banks .......... the m oney supply in the economy.

Increase money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

In the present COVID 19 times, many economists have raised their concerns that Indian economy may have to face a deflati

Release money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

Cheques are examples of _________ money.

Fiduciary money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

In credit money, the money value is less than the commodity value.

False money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

______ money refers to the m oney backed by the authority of the government.

Fiat money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

If RBI reduces the cash reserve ratio, what will happen to the credit creation ?

It will increase. money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

RBI was nationalized in the year______.

1949 money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

When was the Reserve Bank of India (RBI) established?

1 April 1935 money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

Which of the following function is not related to RBI

Lending of money to public money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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Money and Banking 1

Which of the following is not a method adopted by RBI to maintain the liquidity of economy?

Buying/Selling of shares money banking correct; RBI controls money supply, fiat money legal tender.

Ref: NCERT Economics Class XII Chapter 3 Money and Banking explains money functions RBI commercial banks money supply monetary policy clearly.

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