Money and Banking MCQ
Check the below NCERT MCQ Questions for Money and Banking MCQ with Answers Pdf free download. MCQ Questions for with Answers were prepared based on the latest exam pattern. We have provided Money and Banking MCQs Questions with s to help students understand the concept very well.
Money and Banking MCQs Questions with Answers
Question 71.
14 big scheduled commercial banks in India were nationalised in:
(a) 1949
(b) 1955
(c) 1969
(d) 2000
Answer: (c) 1969
Question 72.
Which is associated with reforms in the banking sector?
(a) Year 1991
(b) Narsimham Committee
(c) Y.V. Reddy Committee
(d) Only (a) and (b)
Answer: (d) Only (a) and (b)
Question 73.
“Money is what money does”. Who said this:
(a) Hartley Withers
(b) Harte
(c) Prof. Thomas
(d) Keynes
Answer: (a) Hartley Withers
Question 74.
The function of money is:
(a) Medium of exchange
(b) Measure of value
(c) Store of value
(d) All of the above
Answer: (a) Medium of exchange
Question 75.
The meaning of money supply is:
(a) Money deposits in the bank
(b) Cash available with public
(c) Savings in the post office
(d) All of the above
Answer: (d) All of the above.
Question 76.
What is the Central Bank of India:
(a) Commercial Banks
(b) Central Bank
(c) Private Bank
(d) None of these
Answer: (a) Commercial Banks
Question 77.
Through which method we can withdraw money from the bank:
(a) Drawing letter
(b) Cheque
(c) A.T.M.
(d) All of the above
Answer: (d) All of the above.
Question 78.
Who is the guardian of the Indian Banking System:
(a) Reserve Bank of India
(b) State Bank of India
(c) Unit Trust of India
(d) Life Insurance Company of India.
Answer: (a) Reserve Bank of India
Question 79.
Narasimham Committee is related to what:
(a) Improvement in Taxation
(b) Improvement in Banking
(c) Improvement in Agriculture
(d) Improvement in Infrastructure
Answer: (b) Improvement in Banking
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