CUET Economics 2025 14 May Shift 1 PYQs

The Central Bank is a very important institution in the modern economy. What are the main characteristics of the Reserve Bank of India?

(A) India got its central bank in 1935.

(B) It is the custodian of the foreign exchange reserves of the economy.

(C) It controls the money supply of the country through various methods, like bank rate, open market operations etc.

(D) It also acts as a bank for the banking system.

Choose the correct answer from the options given below:

Among the following what are the functions of money?

(A). Medium of exchange.

(B). Unit of account.

(C). Unit of purchasing power.

(D). Store of value.

Choose the correct answer from the options given below:

Currency of which denomination were newly launched during demonetization?

1. Rs 500 and Rs 1000
2. Rs 500 and Rs 100
3. Rs 200 and Rs 1000
4. Rs 500 and Rs 2000