The Monetary System

Q.

In India, coins are issued by:

1. State Bank of India

2. Reserve Bank of India

3. Ministry of Finance

4. Ministry of Urban Development

Q.

Which of the following systems is followed by the Reserve Bank of India for issuing currency?

1. Simple deposit system

2. Minimum reserve system

3. Fixed fiduciary issue system

4. Proportionate system

Q.

Who supplies money in India?

1. The RBI

2. None of these

3. The government

4. The commercial banks

Q.

What is the most important function of RBI?

Q. The RBI, commercial banks and are suppliers of money in India.

1. the commercial banks
2. all the banks
3. the government
4. private agencies

Q.

Who regulates money supply?

1. Government of India

2. Reserve Bank of India

3. Commercial Banks

4. Planning Commission

Q.

They Keys used in Cryptography are __________.

Q.

What Is the Major Role of Banks?

Q. RBI can issue currency notes up to which denomination?

1. 1000
2. 10000
3. 5000
4. 2000

Q. ____coins/notes are issued by the Government of India (Ministry of India).

1. Rs. 5
2. Rs. 1, 000
3. Rs. 100
4. Re. 1

Q. The one rupee note and coins are issued by _____________.

1. RBI (Central Bank)
2. Commercial Bank
3. Ministry of Finance
4. Central Government

Q. The Reserve Bank of India (RBI) was nationalized in the year _______.

1. 1949
2. 1969
3. 1935
4. 1980

Q. The Reserve Bank of India issues notes under which one of the following methods?

1. Fixed fiduciary system
2. Maximum fiduciary system
3. Minimum reserve system
4. Proprotional reserve system

Q. The following statements true or false? Give reasons.
End-use of the goods categorise the goods as intermediate goods and final goods.

1. True
2. False

Q. Which of the following is(are) key feature(s) of a cheque?

1. Signature
2. Definite sum of money
3. Name of payer and payee
4. All of the above

Q. Currency notes of which among the following denominations has a portrait of Mahatma Gandhi printed on them?

1. Rs 1000
2. Rs 500
3. Rs 10
4. All of the above

Q.

Which of the following makes cryptocurrency different from other money?

1. It is not fiat currency

2. It is illegal

3. It is not a unit of exchange

4. It is legal tender

Q. Ten rupee notes bear the signature of

1. President
2. Finance Minister
3. Governor, Reserve Bank of India
4. Secretary, Ministry of Finance

Q. How does a Central Bank act as a custodian of foreign exchange reserve?

Q. Currency notes are printed in ___________.

1. private firms
2. security press, Nasik
3. government mint
4. currency notes press, Nasik

Q. Fill in the blanks with appropriate alternatives given in the brackets:
The monetary policy of Central Bank regulates the money supply to realise ___ goals.

Q. Are the following statements true or false? Give reasons.
Production of services for self-consumption are not included in national income.

1. True
2. False

Q.

Which of the following are key features of a cheque?

1. Signature

2. Definite sum of money

3. Conditional order

4. Name of payer and payee

Q. The one rupee note bears the signature of _________.

1. Secretary, Ministry of Finance
2. Governor, RBI
3. Finance Minister
4. None of the above

Q. The RBI issues currency note under the ________ system.

1. maximum fiduciary
2. dixed fiduciary
3. fixed minimum reserve
4. proportional reserve

Q.

The situation in which a panic causes several people to withdraw their deposits immediately is called:

1. Bank walk

2. Bank bolt

3. Bank scuttle

4. Bank run

Q.

Which of the following is a not a place where government coin mint is located?

1. Hyderabad
2. Bangalore
3. Noida
4. Mumbai

Q.

Who supplies money in India?

Q. Foreign currency reserves of the country are held by ______.

1. SBI
2. CBI
3. UTI
4. RBI

Q. The origin of the term 'rupee' is the Sanskrit word 'rupya'. 'Rupya' means ___ coin.

1. Copper
2. Gold
3. Silver
4. Money