CUET Economics PYQs

Identify the correct statements from the following:

A. Currency is issued by the nation's Central Bank

B. To address the budget deficit, Central Bank sends money to the government

C. The economy's foreign exchange reserves are preserved by Central Bank

D. Central Bank does not control money supply and credit through monetary policy

E. Central Bank gives loans to the commercial Banks for short term

Choose the correct answer from the options given below :

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

Economic exchanges without the mediation of money are referred to as ...........