Money and Banking in India

Economics ⇒ Indian Economy

Money and Banking in India starts at 11 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Money and Banking in India. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.

See sample questions for grade 11

Define the term 'fiat money'.

Explain the concept of 'credit multiplier' in banking.

Explain the difference between 'money supply' and 'money creation'.

Explain the difference between narrow money (M1) and broad money (M3) in India.

Explain the term 'monetary policy'.

Explain the term 'Open Market Operations'.

Explain the term 'Statutory Liquidity Ratio' (SLR).

If the Cash Reserve Ratio (CRR) is 10%, what is the credit multiplier?

What is the difference between demand deposits and time deposits?

What is the main difference between a central bank and a commercial bank?

What is the main objective of the Reserve Bank of India’s monetary policy?

What is the main purpose of the Cash Reserve Ratio (CRR)?

What is the meaning of 'legal tender'?

What is the primary function of money in an economy?

What is the role of the Reserve Bank of India as a 'banker’s bank'?