Who can issue one rupee note in India
Money and Banking

Quiz
•
Social Studies
•
12th Grade
•
Hard
Dolly Singh
Used 83+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
RBI Governor
Government
Finance Secretary
Finance Ministry
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do you mean by credit creation by commercial banks
process of creation of foreign exchange
process of loan creation
process of total withdrawal creation
process of total deposit creation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money is something that is
Accepted by banks
Locally accepted
Regionally accepted
Universally accepted
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Choose the incorrect statement:
All coins (50p, Rs1, Rs5) are token coins
All currency notes issued by RBI are promissory notes
Credit money the value of of monetary purposes is less than its value for non monetary purposes
Demand deposits are claims of creditors against banks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Currency in India is issued on the basis of
Legal reserve ratio
Minimum reserve system
Cash reserve ratio
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is not related to banking in India
Currency issued by RBI is inconvertible
All notes except one rupee is issued by RBI
Legal tender money is also called Fiat money because it serves as money by the order of RBI
Putting all currency notes and coins into circulation, is done by RBI
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Broad definition of money includes currency, demand deposits, saving deposits and time deposits
Can't say
False
True
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