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Economics Test - 22
Result
Economics Test - 22

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  • Question 1/10
    5 / -1

    Which of following measures of money supply is considered as monetary base?

    Solutions

    M3 is the benchmark currency measure used to control the money supply in the economy.

  • Question 2/10
    5 / -1

    Identify the incorrect statement from given below.

    Solutions

    Central Bank in India just issue the currency and not prints it.

  • Question 3/10
    5 / -1

    Choose the correct statement from given below.

    Solutions

    Commercial banks create currency out of the total amount deposit that they receive from the customers.

  • Question 4/10
    5 / -1

    Dear money policy of central bank, which is used to keep the growth steady and in-line with other economic factors, refers to

    Solutions

    Dear money policy is the one where central bank becomes strict in supplying the currency in the economy.

  • Question 5/10
    5 / -1

    India legal reserve ratio is set by the commercial banks.

    Solutions

    Central bank of the country sets both cash reserve ratio and statutory reserve ratio.

  • Question 6/10
    5 / -1

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

    Solutions

    Minimum reserve system is the one in which Central Bank get any amount of current printed against a minimum amount reserve.

  • Question 7/10
    5 / -1

    Which of the following reserves is kept with the commercial banks?

    Solutions

    SLR is the fraction of total deposit that each commercial bank must reserve with themselves in liquid assets.

  • Question 8/10
    5 / -1

    Central Bank prints currency in the country.

    Solutions

    Central Bank don’t directly print currency in the country, it gets it printed by the subsidies of RBI.

  • Question 9/10
    5 / -1

    Who regulates money supply?

    Solutions

    RBI has the sole authority of issuing the currency (regulating the money supply) in the economy.

  • Question 10/10
    5 / -1

    The Central Bank is the sole supplier of money in an economy.

    Solutions

    The central bank, commercial banks and the government are the suppliers of money in an economy.

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