McqMate
Chapters
1. |
Which property the paper money does not possess: |
A. | Acceptability |
B. | Divisibility |
C. | Durability |
D. | Portability |
Answer» C. Durability |
2. |
A saving account in a bank represents the function of money: |
A. | A measure of value |
B. | A medium of exchange |
C. | A standard for deferred payments |
D. | Store of value |
Answer» D. Store of value |
3. |
A student records her income and spending for past month, she uses the function of money |
A. | Medium of exchange |
B. | Standard of deferred payments |
C. | Store of value |
D. | Unit of account |
Answer» D. Unit of account |
4. |
It implements monetary policy of the country: |
A. | Central bank |
B. | Commercial banks |
C. | Specialized bank |
D. | Finance department |
Answer» A. Central bank |
5. |
Which property paper money does NOT Possess? |
A. | Acceptability |
B. | Divisibility |
C. | Durability |
D. | Portability |
Answer» C. Durability |
6. |
Anything used as money must be: |
A. | Fixed in value |
B. | Fixed in supply |
C. | Legal tender |
D. | Readily acceptable |
Answer» D. Readily acceptable |
7. |
What will promote savings? |
A. | Increase in credit facilities |
B. | Increase in taxation |
C. | Increase in personal incomes |
D. | Rising prices |
Answer» C. Increase in personal incomes |
8. |
Liquidity of a monetary asset means: |
A. | Velocity of circulation of money |
B. | Easy availability of money |
C. | Ready acceptability of monetary asset |
D. | The monetary asset has lost it value |
Answer» C. Ready acceptability of monetary asset |
9. |
Barter means: |
A. | Trade through metallic money only |
B. | Trade of goods only excluding services |
C. | Trade of very low value goods |
D. | Trade without use of money |
Answer» D. Trade without use of money |
10. |
Government securities: |
A. | Mean currency |
B. | Are near money |
C. | Are bought and sold on stock exchange market |
D. | (b) and (c) of above |
Answer» D. (b) and (c) of above |
11. |
Which is the characteristic of a good money: |
A. | Has good design |
B. | Has high value |
C. | Has a fixed value in gold |
D. | Is readily accepted by people |
Answer» D. Is readily accepted by people |
12. |
This is NOT money |
A. | Currency |
B. | Prize bond |
C. | Demand deposit in a bank |
D. | Coins |
Answer» B. Prize bond |
13. |
which of the following is true for Cross cheque? |
A. | Is issued only by a business firm |
B. | Is not accepted by banks |
C. | Ensures immediate payment of cash to the holder |
D. | None of the above |
Answer» D. None of the above |
14. |
This is a characteristic of good money: |
A. | High intrinsic value |
B. | Liquidity |
C. | Attractive design |
D. | Easy to duplicate |
Answer» B. Liquidity |
15. |
This is a characteristic of good money: |
A. | High intrinsic value |
B. | General acceptability |
C. | Attractive design |
D. | High purchasing power |
Answer» B. General acceptability |
16. |
It is a kind of money: |
A. | Credit money |
B. | Discredit money |
C. | Trust money |
D. | False money |
Answer» A. Credit money |
17. |
It is included in kinds of money: |
A. | Legal money |
B. | Credit money |
C. | Token money |
D. | All of the above |
Answer» D. All of the above |
18. |
Treasury Bill is a document used for: |
A. | A short-term loan to the exporter |
B. | A long-term loan to the government |
C. | A short-term loan to the government |
D. | A short-term loan to a govt. employee |
Answer» C. A short-term loan to the government |
19. |
Which does NOT represent a method of payment? |
A. | Cheque |
B. | Saving certificate |
C. | Currency note |
D. | Bill of exchange |
Answer» B. Saving certificate |
20. |
Which is NOT a desirable characteristic of money? |
A. | Portable |
B. | Uniform |
C. | Easily recognized |
D. | Easily duplicated |
Answer» D. Easily duplicated |
21. |
According to Keynes people demand money for purposes (motives): |
A. | 1 |
B. | 2 |
C. | 3 |
D. | 4 |
Answer» C. 3 |
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