Class 12 Commerce Money and Banking — practice questions
13 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice Class 12 Commerce Money and Banking in the app →Money overcomes the difficulty of the barter system known as the:The function of money by which it is universally accepted in exchange for goods and services is the:Using money as a common measuring rod to express the value of all goods is its function as a:Money that the law makes obligatory to accept in settlement of debt is called:The bank that controls the money supply and acts as the banker to the government in India is the:The minimum percentage of deposits that commercial banks must keep with the central bank is the:The rate at which the central bank lends short-term funds to commercial banks is the:Deposits that can be withdrawn on demand, such as in a current or savings account, are called:The currency held by the public plus the reserves of commercial banks together form the:Commercial banks are able to create credit primarily on the basis of their:In a barter economy, exchange requires that each party wants exactly what the other offers, which is the problActing as the 'lender of the last resort' to commercial banks is a function performed by the:The total stock of money in circulation among the public at a point of time is called: