BBA-II YEAR ( IV SEM) MONEY, BANKING & FINANCE -Dr. P.A.Manusmare

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Date : 08 May 2020 . Each MCQ carry 4 marks

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1. Barter cannot function well

4 points

because goods are not always divisible.

because transaction costs are minimal.

because goods are always standardized.

Clear selection

2.Money

4 points

is a flow variable.

includes check-able deposits with banks.

includes gold and silver.

Clear selection

3. Price of money

4 points

does not exist because it is not a good that one can purchase from the market.

at best can be the inflation rate.

is best measured in terms of opportunity cost of holding money.

Clear selection

4. Paper currency is known as ‘fiat money’

4 points

because only a fraction of total currency is in coins.

because it is decreed legal tender.

because it cannot be used as payment for debts.

Clear selection

5. Near-Money

4 points

is as liquid as currency.

can be used as a medium of exchange.

serves only store of value function of money

Clear selection

6. Direct exchange of goods against goods is called:

4 points

Charter

Money

Barter

None of these

Clear selection

7. Which of the following is not near money?

4 points

Paper notes

Treasury bill

Bond

Bill of exchange

Clear selection

8. Which bank is called lender of last resort?

4 points

Commercial bank

Agricultural bank

Industrial bank

Central bank

Clear selection

9. In which year the Reserve Bank of the India was established?

4 points

1945

1947

1935

1953

Clear selection

10.Which bank enjoys monopoly power of Note issue?

4 points

NABARD

Commercial Bank

Central Bank

None of these

Clear selection

11. Which is considered as the mother of all Central Banks?

4 points

Bank of England

Risks Bank of Sweden

Federal Reserve Bank

Reserve Bank of India

Clear selection

12. Currency notes and coins are called as:

4 points

Flat money

Legal tenders

Fold money

None of the above

Clear selection

13.The average income of a country is called

4 points

Per capita income

Disposable income

Inflation rate

Real national income

Clear selection

14.The value of national income adjusted for inflation is calledB C D

4 points

Per capita income

Disposable income

Inflation rate

Real national income

Clear selection

15.The value of NNP at production point is called

4 points

NNP at factor cost

NNP at market price

GNP at market price

GNP at factor cost

Clear selection

16.When depreciation is deducted from GNP, the net value is

4 points

Net national product

Net domestic product

Gross national product

Disposable income

Clear selection

17.Which of the following is considered as financial year in India?

4 points

April 1 to March 31

January 1 to December 31

March 1 to April 30

March 16 to March 15

Clear selection

18.Which sector contributes the most to India's economy?

4 points

Service sector

Manufacturing sector

Agricultural sector

Small scale industries

Clear selection

19. What base year is used to calculate per capita income in India?

4 points

2004-05

2011-12

2001-2002

2014-15

Clear selection

20 The temporary tax levied to obtain additional revenue is called :

4 points

Cess

Rate

Fees

Surcharge

Clear selection

21. The existence of a parallel economy or Black money

4 points

Makes the monetary policies less effective

Makes the economy more competitive

Ensures a better distribution of income and wealth

Ensures increasing productive investment

Clear selection

22. The cause of low per capita income in India is :

4 points

Of population growth

Of price rise

More people are in rural areas

Of regional imbalance

Clear selection

23. Which among the following formulates Fiscal policy ?

4 points

RBI

Finance Ministry

President

Planning Commission

Clear selection

24. Dear Money Policy relates to :

4 points

High price level

Large money supply

High production

High rate of interest

Clear selection

25. Which of the following taxes is not levied by Union Government ?

4 points

Income Tax

Land Revenue

Excise Duty

Wealth Tax

Clear selection

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