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 12

Define money. What are its primary functions?

Explain the concept of 'fiat money' with an example.

Explain the difference between 'monetary base' and 'money supply'.

Explain the difference between 'narrow money' and 'broad money'.

Explain the process of credit creation by commercial banks.

Explain the term 'credit multiplier'.

Explain the term 'monetary policy'.

Explain the term 'Open Market Operations'.

Explain the term 'repo rate'.

If the Cash Reserve Ratio (CRR) is increased by the RBI, what will be its likely effect on the money supply?

State any two differences between scheduled and non-scheduled banks in India.

State any two functions of the Reserve Bank of India.

State any two qualitative instruments of monetary policy used by the RBI.

What is the difference between 'demand deposits' and 'time deposits'?

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

What is the main objective of monetary policy in India?

What is the main purpose of the Statutory Liquidity Ratio (SLR)?

What is the meaning of 'legal tender'?