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

Question : 1

Devaluation of money means :

a) decrease in both internal and external value of money

b) the government takes back currency notes of any denominations

c) decrease in the internal value of money

d) decrease in the external value of money

Question : 2

Which one is not a function of money ?

a) Price stabilisation

b) Value measurement

c) Transfer of value

d) Store of value

Question : 3

Debenture holders of a company are its

a) Debtors

b) Directors

c) Shareholders

d) Creditors

Question : 4

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 : 5

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 : 6

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