money supply, banking & financial institutions section 8 MCQ Questions & Answers Detailed Explanation

Question : 1

Opening the saving bank account for a minor girl will be called as which of the following in Banking terminology?

a) Merchant Banking

b) Corporate Banking

c) Social Banking

d) Retail Banking

Question : 2

What do you understand by the term “Jobber”?

a) A stock dealer who deals directly with the public for which he gets a commission

b) A stock dealer who is a member of a stock exchange and deals with the public only through the medium of brokers

c) A broker who buys and sells on behalf of his clients

d) A stock broker who deals only with shares and not any other form of securities

Question : 3

The Indian rupee was made convertible into which of the following accounts since March 1993?

a) Current Account

b) Revenue Account

c) Both (A) and

d) Capital Account

Question : 4

Which one of the following is not a nationalised bank?

a) Canara Bank

b) Punjab National Bank

c) ICICI Bank

d) Bank of Baroda

Question : 5

Money Multiplier in India is defined as

a) $\text"Broad Money"/\text"Reserve Money"$

b) $\text"Base Money"/\text"Reserve Money"$

c) $\text"Reserve Money"/\text"Base Money"$

d) $\text"Broad Money"/\text"Base Money"$

Question : 6

Which of the following statements will be considered as part of ‘Transfer Payments’ in the balance of payment?

1. Gift sent by an NRI to his friend in India
2. Money sent by an Indian employee to his family in India who has gone abroad temporarily

a) (ii) only

b) Both (i) & (ii)

c) (i) only

d) Neither (i) nor (ii)