Money and Value of Money Test 03 Mcqs Preparation Online

1. It implements monetary policy of the country?

A. Specialised bank

B. Finance department

C. Central bank

D. Commercial banks

2. Which is NOT a desirable characteristic of money?

A. Uniform

B. Easily recognised

C. Easily duplicated

D. Portable

3. What will promote savings?

A. Increase in taxation

B. Increase in credit facilities

C. Increase in personal incomes

D. Rising prices

4. Which does NOT represent a method of payment?

A. Currency note

B. Cheque

C. Bill of exchange

D. Saving certificate

5. Which property paper money does NOT Possess?

A. Pcceptability

B. Portability

C. Durability

D. Divisibility

6. Treasury Bill is a document used for?

A. A long-term loan to the government

B. A short-term loan to the exporter

C. A short-term loan to a govt. employee

D. A short-term loan to the government

7. Anything used as money must be?

A. Fixed in supply

B. Fixed in value

C. Readily acceptable

D. Legal tender

8. Which property the paper money does not possess?

A. Portability

B. Acceptability

C. Divisibility

D. Duability

9. A saving account in a bank represents the function of money?

A. A medium of exchange

B. A measure of value

C. Store of value

D. A standard for deferred payments

10. A student records her income and spending for past month, she uses the funtion of money?

A. Standard of deferred payments

B. Store of value

C. Medium of exchange

D. Unit of account

Money and Value of Money Test 03 Mcqs Preparation Online

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