Banking Awareness Quiz – Gear Upwards 82

  1. Which 1 of the next approaches to the Definition of coin gives the widest possible persuasion of coin ?
    1. Central banking concern approach
    2. Conventional approach
    3. Chicago approach
    4. Gurley-Shaw approach
    5. None of these
  2. The best representative of representative full-bodied coin is found inwards the ‘gold certificates’ which circulated inwards the U.S. A. earlier beingness withdrawn from circulation inwards :
    1. 1925
    2. 1927
    3. 1929
    4. 1933
    5. None of these
  3. Which of the next is non a share of coin ?
    1. Medium of exchange
    2. Unit of line organisation human relationship
    3. Standard of deferred payments
    4. Stabilisation of cost level
    5. None of these
  4. Money has been defined equally ‘that past times delivery of which debt contracts as well as cost contracts are discharged, as well as inwards the cast of which full general purchasing ability is held’. Whose Definition is this ?
    1. G. Crowther
    2. D. H. Robertson
    3. J. M. Keynes
    4. George N. Halm
    5. None of these
  5. Fiat coin refers to ?
    1. Credit money
    2. Legal money
    3. Full-bodied money
    4. International money
    5. None of these
  6. Which 1 of the next is an representative of quasi-money or near-money ?
    1. Bills of exchange
    2. Cheques
    3. Bank notes
    4. Coins
    5. None of these
  7. When the commodity value of coin as well as its value equally coin are equal, it is called ?
    1. Token money
    2. Full-bodied money
    3. Quasi-money
    4. Fiat money
    5. None of these
  8. The express legal-tender coin stands for that constituent of coin which :
    1. Is issued inwards a express amount
    2. Is legal tender for payment upto a sure enough maximum amount
    3. Is legal tender inwards specified areas
    4. Is to live used inwards specific transactions
    5. None of these
  9. As compared to the classical theory, which share of coin was stressed to a greater extent than inwards the Keynesian theory ?
    1. Unit of line organisation human relationship
    2. Medium of exchange
    3. Standard of deferred payments
    4. Store of value
    5. None of these
  10. ‘Bad coin drives expert coin out of circulation’. With whose refer is this police associated ?
    1. J. M. Keynes
    2. Thomas Gresham
    3. L. E. Mises
    4. R. G. Hawtrey
    5. None of these
  11. Identify the province which was the outset to adopt the golden measure ?
    1. UK
    2. France
    3. Germany
    4. USA
    5. None of these
  12. During which decade of the nineteenth century did virtually European countries adopt the golden measure ?
    1. Sixties
    2. Seventies
    3. Eighties
    4. Nineties
    5. None of these
  13. When did the Great Britain lastly abandon the golden measure ?
    1. 1925
    2. 1929
    3. 1931
    4. 1936
    5. None of these
  14. Who is mostly regarded equally the founder of the Modern Quantity Theory of Money ?
    1. J. M. Keynes
    2. Milton Friedman
    3. M. L. Bursten
    4. Don Patinkin
    5. None of these
  15. The Quantity Theory of Money establishes the human relationship betwixt quantity of coin inwards an economic scheme as well as the marker of :
    1. Employment
    2. National income
    3. Prices
    4. Savings
    5. None of these
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