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

Question : 1

Which one is not a function of money ?

a) Price stabilisation

b) Value measurement

c) Transfer of value

d) Store of value

Question : 2

Debenture holders of a company are its

a) Debtors

b) Directors

c) Shareholders

d) Creditors

Question : 3

What is USP in marketing field?

a) US Programme based

b) Exclusive marketing features

c) Uninterrupted power supply

d) Universal standards of production

Question : 4

Consider the following statements.

1. The repo rate is the rate at which other banks borrow from the Reserve Bank of India.
2. A value of ‘0’ for Gini Coefficient in country implies that there is perfectly equal income for everyone in its population.

a) Only 2

b) Neither 1 nor 2

c) Both 1 and 2

d) Only 1

Question : 5

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 : 6

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