McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
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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