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Quiz For Money And Banking

Question 1 of 3

Q1 . Barter system refers to that system wherein:

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

Q3 . Commercial bank also has authority to issue currency.

Q4 . Central bank grants loan to__________

Q5 . Who is the custodian of foreign exchange reserves?

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

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

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

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

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