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Quiz For Money And Banking

Question 1 of 3

Q1 . Barter system refers to that system wherein:

A Goods are exchanged for goods

B Goods are exchanged for domestic currency

C Goods are exchanged for foreign currency

D None of the above

Q2 . Bank rate is the rate at which the central bank lends money to commercial banks.

A True

B False

Q3 . Commercial bank also has authority to issue currency.

A True

B False

Q4 . Central bank grants loan to__________

A General public

B Commercial banks

C Private companies

D All of the above

Q5 . Who is the custodian of foreign exchange reserves?

A RBI

B ICICI

C HDFC

D Government of India

Q6 . Which of the following function of money helped to overcome the problem of store of wealth under barter system?

A Store of value

B Unit of value

C Medium of exchange

D Unit of account

Q7 . Which of the following is not a drawback of Barter System?

A Lack of double coincidence of wants

B Lack of store of value

C Medium of exchange

D Lack of standard of deferred payment

Q8 . "Use of money separates the acts of sale and purchase". Which function of money is highlighted in the statement?

A Medium of exchange

B Store of value

C Standard of deferred payment

D Transfer of value

Q9 . Margin requirement is raised by the central bank with a view to increasing money supply.

A True

B False

Q10 . CRR refers to the minimum percentage of total demand and time deposits to be kept by commercial banks with themselves.

A True

B False

From Classroom to Quiz Stardom

When James Wilson first created a quiz on ancient civilizations for his high school history class, he never imagined it would lead to a side career as one of QuizMaker's most successful creators.

Three years and over 200 quizzes later, James's 'History Mysteries' series has amassed more than 2 million plays and a dedicated following of history enthusiasts from around the world.

Finding a Niche in Historical Puzzles

James's approach combines historical accuracy with engaging storytelling and problem-solving elements. 'I wanted to create quizzes that weren't just about memorizing dates and names,' he explains. 'Each quiz tells a story and invites players to solve a historical mystery or puzzle.'

This unique format has resonated with players who might not typically be drawn to history content, helping James build an audience beyond traditional history buffs.

Building a Community Around Historical Content

Beyond creating engaging quizzes, James has built a thriving community through his dedicated social media channels and a monthly newsletter where he shares historical facts, behind-the-scenes research, and previews of upcoming quizzes.

'The community aspect has been the most rewarding part,' James says. 'I receive messages from students saying my quizzes helped them develop a love for history, and from older adults who enjoy testing their knowledge and learning new things.'

Monetization Strategy

While James started creating quizzes as a teaching tool, they've now become a significant source of income. Through a combination of premium quizzes, sponsorships from educational companies, and affiliate marketing for history books and courses, he's been able to generate substantial revenue.

'Last year, my quiz income actually exceeded my teaching salary,' James reveals. 'It's allowed me to reduce my teaching hours and focus more on creating high-quality educational content.'