Start learning →

IBPS RRB Office Assistant Currencies — practice questions

Explore 5 free Currencies questions in IBPS RRB Office Assistant Banking Awareness. Open each question or exercise to read its content, reference answers and available explanation.

Practise Currencies with Quill →

Currencies questions and exercises with answers

Showing questions 1–5 of 5.

Match each function of moneyRead the answer and worked solution →Sort each item on a bank balance sheetRead the answer and worked solution →Order the rounds of credit creationRead the answer and worked solution →True or false: money and banksRead the answer and worked solution →Key in the banking numberRead the answer and worked solution →

Worked practice questions

Match each function of money

Read exercise and reference answers
Matching pairs
  1. Left
    Medium of exchange
    Right
    Accepted in payment, so barter is not needed
  2. Left
    Unit of account
    Right
    Every price can be quoted in the same units
  3. Left
    Store of value
    Right
    Wealth can be held in it for future use
Instructions
Tap a function on the left, then tap what it means.
_Source: syllabus Macroeconomics XII Ch3 Money and Banking, 3.1 FUNCTIONS OF MONEY_

Open this exercise →

Sort each item on a bank balance sheet

Read exercise and reference answers
Items
  1. Item
    Loans given out
    Answer
    left
  2. Item
    Reserves at RBI
    Answer
    left
  3. Item
    Cash in hand
    Answer
    left
  4. Item
    Treasury bills
    Answer
    left
  5. Item
    Customer deposits
    Answer
    right
Categories
Left
Asset
Right
Liability
Instructions
Swipe left if it is an asset of the bank, right if it is a liability.
_Source: syllabus Macroeconomics XII Ch3 Money and Banking, 3.3 MONEY CREATION BY BANKING SYSTEM_

Open this exercise →

Order the rounds of credit creation

Read exercise and reference answers
Steps
  1. A customer deposits 100 with the bank
  2. The bank keeps 20 as its required reserve
  3. The bank lends the remaining 80
  4. That 80 comes back as a fresh deposit
  5. The bank keeps a reserve on the larger deposit
  6. Lending repeats until deposits reach 500
Instructions
Tap the steps in the order a bank creates credit from one deposit.
_Source: syllabus Macroeconomics XII Ch3 Money and Banking, 3.3 MONEY CREATION BY BANKING SYSTEM_

Open this exercise →

How to practise

  1. Choose a Currencies question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

More Banking Awareness topics

RBI BasicsNPA & RecoveryBanker-Customer RelationshipNegotiable Instruments ActRBI Act & BR ActMonetary PolicyBasel Norms & CapitalFinancial Institutions