Question

Money may be defined as __________________________________________________. _______________in which transactions are made by exchange of goods. In Barter Exchange there was a difficulty because of ______________________________. Barter Exchange was in practice before the invention of money. The lack of double coincidence of wants is the difficulty present in which system? In Barter system there was a lacks of any satisfactory units to engage in contracts involving _____________________. Total stock of money is called __________________. Which of the following is the sources of Money Supply? Commercial Banks is a institution who ______________________________________________.

Which bank is called the Apex of institution? The central bank performs ____________________________________.

Primary function of money is ______________________________. Secondary function of money is _____________________________.

Opportunity cost is defined as _________________________________________________.

Production possibility frontier (PPF) shows ___________________________________________________.

Production possibility curve shows the __________________________________________________.

Which shift of PPF indicates increase in resources ? Which shift of PPF indicates decrease in resources ? MRT is the full form of ___________________________.

MRT can be defined as the _____________________________________________________________ ____________________.

If an economy consists of only one individual there _____________________________________________________________ _________________________.

Money is perishable and there is lower storage costs. Money is a_______________________ for individuals.

A rising price level may wear away the __________________________________________. Demand for money balance also referred to as _______________________________________. In India currency notes are issued by the_____________________, which is the _______________________ in India. Coins are issued by the ________________________ of India. ____________________________________the rate of interest offered by the bank to deposit holders. _______________________________________________the rate at which banks lend out their reserves to investors. There are two types of Deposits. They are________________________________________. Fixed deposits is the example of _____________________________. The total liability of the monetary authority of the country, RBI is called the__________________________. RBI purchases or sells government securities to the general public is in the __________________ ________________ is a measure of how quickly an item can be converted to cash. The demand deposit is the technical name for checking accounts at _____________________________________. NOW account is also knowm as _________________________.

Share draft accounts offer by __________________________.

Ans1

Ans2

Ans3

Ans4 Medium of exchange and but not the function of unit of account and measures of value. Barter Exchange

Medium of exchange and Medium of exchange. Unit of account does the function of unit of and measures of account and measures of value. value.

Banking

Exchange of goods. Presence of a common unit. Absence of a common Only a one unit. Many unit. unit. Could be False May be TRUE Banking Barter Exchange Money Exchange of Exchange goods. Future payments Debts Payments Past payments Money Exchange Supply of Money Government RBI Commercial Banks Accepts deposits from the Accepts deposits from Gives loans for private companies and gives the general public and investment. loans for investment. gives loans for investment. Central Bank Banking system of country. Medium of exchange. Standard of Deferred Payment & Store of value Commercial Banks Monetary and banking system of country. Measure of value Measure of value RBI Medium of exchange. None of these Only (i) Barter Exchange Stock All of these None of these

Money Exchange

Government Exchange of goods. Both (i) & (ii) Both (i) & (ii)

The value of the benefit that is forgone by not choosing one substitute rather than other.

The value of the benefit that is forgone by not choosing one product.

The value of the None of these benefit that is forgone by choosing one substitute rather than other. Different combination of a set of two services which cannot be produced with given resources and production technology. Downward slopes Different combinations of a set of two goods which can be produced with given resources and production technology.

Different combinations of a set of more goods which can be produced with given resources and production technology

Similar combinations of a set of more goods which can be produced with given resources and production technology

Downward slopes and concave to the point of origin. Rightward Rightward Minimum Rate of Transformation

Concave to the point of origin.

Downward slopes and convexto the point of origin. Leftward Leftward Marginal Rate of Transformation Ratio of number of units of a marginal goods.

Downward Upward Maximum Rate of Transformation Ratio of number of units of Ratio of one more unit Ratio of number a good sacrificed to of the other good. of units of a produce one more unit of sacrificed goods. the other good. Can be any exchange of commodities and hence there is a significant role for money. Cannot be any exchange of commodities and hence there is a significant role for money. False Bucket of value Cannot be any exchange of commodities and hence there is no role for money. Could be Supply of Money

Upward Leftward Marginal Rate of Transaction

Can be any exchange of commodities and but there is a no role for money. May be Exchange medium

TRUE Store of value

Store value

Supply of Money

Value of money Purchasing power of money

Liquidity preference Monetary authority and Reserve Bank of India (RBI); Monetary authority Lending rate Liquidity rate Demand deposit and time deposit Demand deposit Monetary base Bank rate policy Liquidity Savingbanks

Presence of debt

Presence of Supply of money money Reserve Bank of India Central Bank Government and (RBI) and monetary and Government Central Bank authority RBI Commercial Government Banks Liquidity rate Bank rate Borrowing rate Lending rate Current deposit and saving deposits time deposit Borrowing rate Both (i) & (ii) Current deposit Bank rate None of these saving deposits None of these Liquidity preference Bank

High powered money Both (i) & (ii) Varying reserves requirement Lending rate Government Open Market Operations Borrowing Central Bank

Negotiable offer of withdrawal Bank to their members.

Commercial banks and savings banks Number of withdrawal Negotiable order All of these of withdrawal Credit unions to their Government members. Savingbanks

Correct Answer 1

4 2 4 2 1 3 4 2

1 2

4 1

1 2 4

2 1

1 2

4 4 2 1 2 3 3 1 4