ICSE XII MCQ Quiz Hub

MCQ Questions for Class 12 Economics Set-3

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1. “Money is a pivot around which the whole economy clusters.” Who said it?




2. The function of money is:




3. The functions of money include:




4. Money is a matter which is:




5. By supply of money we mean :




6. Which of the following is not a function of money?




7. The full form of ATM is:




8. Credit money is increased when CRR:




9. Which is the Agency Function of Commercial Banks?




10. Which function is the Secondary Function of Commercial Banks?




11. What type of loan is advanced by Commercial Banks?




12. Deposits accepted by the Commercial Banks:




13. The primary function of Commercial Bank is?




14. Which one is the Bank of the Public?




15. The main function of a commercial bank is:




16. What is the Central Bank of India?




17. Commercial banks:




18. What is true for the Central Bank?




19. Central Bank of India is:




20. Which of the following is the function of the Central Bank?




21. Which type of currency is issued by Central Bank?




22. Which is the major objective of credit control?




23. Which one is true?




24. Which is not a quantitative method of credit control?




25. Every bank is required to maintain a fixed percentage of its assets in the form of cash is called:




26. Reserve Bank of India was established in :




27. Monetary policy is related with:




28. Which of the following issue paper currency in the country?




29. The central bank controls credit through:




30. Which of the following is a qualitative method of credit control?




31. The major objectives of monetary policy is/are:




32. Who regulates the money supply?




33. With which Narsimham Committee is related to?




34. In which year the second Narsimham Committee was constituted?




35. Banking Ombudsman Scheme was announced in the year:




36. Which was included in the purview of the Banking Ombudsman Scheme?




37. Which committee was constituted for suggesting consumer service improvements in banks?




38. For revival and restructuring of weak banks of the public sector, which committee was constituted?




39. RBI announced the guidelines to issue licenses to new banks of the private sector on:




40. Who is the custodian of the Indian Banking system?




41. Banking Sector Reforms in India began in:




42. 14 big scheduled commercial banks in India were nationalised in:




43. Which is associated with reforms in the banking sector?




44. “Money is what money does”. Who said this:




45. The meaning of money supply is:




46. What is the Central Bank of India:




47. Through which method we can withdraw money from the bank:




48. Who is the guardian of the Indian Banking System:




49. Narasimham Committee is related to what:




50. Credit Multiplier is: