B.Com Banking & Insurance Banking — practice questions
22 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice B.Com Banking & Insurance Banking in the app →Anything that is acceptable as payment for goods and services is:Pebbles would fail as money because they are widely available. Money needs:A banana fails as money because it spoils. Money must have:Heavy gold bars are poor money because they are hard to carry. Money needs:Money must break into smaller parts so purchases of any size can be made. This is:When money makes buying and selling easier than barter, it is acting as a:When prices let buyers compare the worth of different goods, money is acting as a:Cash held in the form of coins and paper money is called:Money kept in checking accounts that can be taken out at any time forms:Deposits that pay interest but cannot be withdrawn on demand are:The measure of readily available money, made of currency plus demand deposits, is:The broader measure that adds time deposits and less accessible money is:Profit-oriented institutions that take deposits, lend and invest in securities are:Not-for-profit financial cooperatives owned by their members are:Depository institutions formed to encourage household saving and make home mortgage loans are:A bank cannot open without an operating licence known as a:Financial institutions standing between the suppliers and demanders of funds perform:Large pools of money set aside to pay retirement benefits later are:Buying and selling government bonds to speed up or slow the economy is called:The rule that member banks must keep part of their deposits in cash or at a district bank is the:The interest rate the central bank charges its member banks is the:The central bank's power to set consumer credit rules and margin requirements is called: