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CUET Economics 2022 PYQs15 July Shift 2. Free, no login required.

Macro

past year questions, CUET Economics 2022 15 July Shift 2

Money & Banking

past year questions, Macro, CUET Economics 2022 15 July Shift 2

Medium

The currency issued by the Reserve Bank of India is called.

A. High powered money

B. Reserve money

C. Bank money

D. Monetary base

E. Fiscal base

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

Currency issued by RBI is known as high powered money, reserve money, and monetary base (A, B, D). Bank money refers to demand deposits created by commercial banks, and fiscal base is not a standard term. Hence A, B and D only.

Related questions:

2025: 13 May Shift 1

Match List-I with List-II

List-IList-II
(A) Cash Reserve Ratio (CRR)(I) Central Bank of the Country
(B) Statutory Liquidity Ratio (SLR).(II) The interest rate at which the money lent by Central Bank
(C) Lender of last resort.(III) Percentage of deposits which must kept as cash reserves with the Central bank.
(D) Repo Rate(IV) Reserves in liquid form in the short term

Choose the correct answer from the options given below:

2025: 29 May Shift 1

If the reserve ratio is 20%, what is the money multiplier?

2026: 6 June Shift 1

Which of the following is the quantitative tool of money supply used by Central Bank?

2025: 29 May Shift 1

Which function of money helps in comparing the value of different goods and services?

2025: 28 May Shift 1

Which of the following statements is correct about commercial banks ?

A. Considered as Money Creating system of the Indian Economy

B. They accept deposits from the public at a lower interest rate and lend out part of these funds at a higher interest rate

C. The difference between the interest rate paid to depositors and charged for lending is called "Spread".

D. Commercial banks in isolation control the money supply in India.

Choose the correct answer from the options given below:

  1. (A), (B), (C) and D
  2. (A), (B) and (D) only
  3. (A), (B) and (C) only
  4. (A) and (D) only

2025: 29 May Shift 1

Which of the following are major functions of commercial banks?

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