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| MCQ Questions for Class 12 Macroeconomics Chapter 3 Money and Banking With Answers PDF |
MCQ Questions for Class 12 Macroeconomics Chapter 3 Money and Banking With Answers PDF: Multiple Choice Questions (MCQs) are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge.
An MCQ Questions for Class 12 Macroeconomics Chapter 3 Money and Banking consists of a question or statement, followed by several answer options, of which the student must choose the correct one. The answer options are usually presented as a list of possible choices, such as A, B, C or D.
MCQ Questions for Class 12 Macroeconomics Chapter 3 Money and Banking With Answers PDF
- What is the main function of a central bank? a. Regulating the supply of money b. Advising the government c. Acting as a lender of last resort d. All of the above
Answer: d. All of the above
- What is the relationship between money and inflation? a. Inflation causes an increase in the money supply b. Money supply causes an increase in inflation c. Inflation and money supply have no relationship d. None of the above
Answer: b. Money supply causes an increase in inflation
- What is the main difference between a savings account and a current account? a. Interest rate b. Withdrawal limits c. Purpose of the account d. All of the above
Answer: b. Withdrawal limits
- What is the name of the policy used by central banks to control inflation? a. Monetary policy b. Fiscal policy c. Financial policy d. Economic policy
Answer: a. Monetary policy
- What is the role of a commercial bank in the economy? a. Providing loans and advances b. Accepting deposits c. Issuing credit cards d. All of the above
Answer: d. All of the above
- What is the main purpose of a cheque? a. To make payments b. To deposit money c. To withdraw money d. To transfer money
Answer: a. To make payments
- What is the significance of a credit rating for a borrower? a. It determines the interest rate on a loan b. It determines the creditworthiness of the borrower c. It determines the repayment period for a loan d. All of the above
Answer: b. It determines the creditworthiness of the borrower
- What is the purpose of demonetization? a. To eliminate black money b. To reduce corruption c. To promote digital transactions d. All of the above
Answer: d. All of the above
- What is the primary function of the Reserve Bank of India (RBI)? a. Regulating the supply of money b. Controlling inflation c. Managing foreign exchange reserves d. All of the above
Answer: d. All of the above
- What is the meaning of ‘Open Market Operations’? a. Buying and selling of government securities by the central bank b. Lending and borrowing of money between banks c. Issuing new currency notes d. None of the above
Answer: a. Buying and selling of government securities by the central bank
Benefits of MCQ Questions for Class 12 Macroeconomics Chapter 3 Money and Banking
One of the benefits of using MCQ Questions for Class 12 Macroeconomics Chapter 3 Money and Banking is that they are easy to grade. The correct answer is already provided, so the teacher or exam proctor simply needs to check that the student has chosen the correct option. This makes MCQ Questions for Class 12 Macroeconomics Chapter 3 Money and Banking more efficient than open-ended questions, which require more time and effort to grade.
Another benefit of MCQ Questions for Class 12 Macroeconomics Chapter 3 Money and Banking is that they can test a wide range of knowledge, including factual information, concepts, and problem-solving skills. They can also be used to test a student's ability to apply knowledge to new situations, rather than just recall information.
Conclusion of MCQ Questions for Class 12 Macroeconomics Chapter 3 Money and Banking With Answers PDF
In conclusion, MCQ Questions for Class 12 Macroeconomics Chapter 3 Money and Banking are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge. But to minimize the drawbacks, it is important to write good MCQs and use a variety of question types. They can test a wide range of knowledge, including factual information, concepts, and problem-solving skills, but they should not be the only method of assessment, it's important to use different types of questions to evaluate a student's understanding of a subject.
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