Money and Banking 2

Generally, the value of currency of a country is expressed in terms of ________

US Dollar 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 2

It has been observed in recent times that Indian currency is depreciating against US Dollar. Which of the following reas

All of the above 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 2

Increase in the value of domestic commodities in terms of foreign currency is known as

Either (a) or (c) 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 2

Suppose the government plans to reduce the prices of US Dollar from ₹ 50 to ₹ 45. This step is known as ............ of

revaluation 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 2

Repo-Rate is the rate at which RBI lends money to commercial Banks for ______.

Short period 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 2

Which of the following measures of meeting deficit in budget, leads to an increase in money supply in the economy?

Deficit financing 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 2

Directions For Questions Read the following case study and answer the question The Central Bank of India i.e. Reserve Ba

Commercial Bank 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 2

Assertion (A): The currency notes do not carry as much value in it as is denominated, still has general acceptance. Reas

Both Assertion (A) and Reason (R) 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 2

The volume and direction of money supply in the economy is controlled by ________

Central Bank 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 2

Which of the following is the short-term borrowing rate of commercial bank?

Repo rate 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 2

The rate at which commercial banks park their excess reserves is known as

Reverse repo rate 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 2

_______ refers to money backed by the order or authority of the government.

Both (a) and (c) 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 2

No questions in this category

Generally, the value of currency of a country is expressed in terms of ________

It has been observed in recent times that Indian currency is depreciating against US Dollar. Which of the following reas

Increase in the value of domestic commodities in terms of foreign currency is known as

Suppose the government plans to reduce the prices of US Dollar from ₹ 50 to ₹ 45. This step is known as ............ of

Repo-Rate is the rate at which RBI lends money to commercial Banks for ______.

Which of the following measures of meeting deficit in budget, leads to an increase in money supply in the economy?

Directions For Questions Read the following case study and answer the question The Central Bank of India i.e. Reserve Ba

Assertion (A): The currency notes do not carry as much value in it as is denominated, still has general acceptance. Reas

The volume and direction of money supply in the economy is controlled by ________

Which of the following is the short-term borrowing rate of commercial bank?

The rate at which commercial banks park their excess reserves is known as

_______ refers to money backed by the order or authority of the government.

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