CHAPTER 3 MONEY AND CREDIT (SET-1)

Questions in this test

1. What is the thing that act as medium of accounting to facilitate economic activities and transactions.
2. Which things are used for money in ancient period?
3. In which period metallic coins of gold, silver, copper and lead were used as money.
4. In which period metallic coins of gold, silver, copper and lead were replaced by paper currency and coins?
5. What is biggest drawback of the barter system in ancient period?
6. Which thing eliminates the double coincidence of wants?
7. A paper instructing the bank to pay a specific amount from the person's account to the issued persons-
8. Who issues currency notes on behalf of the central government in India?
9. Which types of activities are comes under commercial banks?
10. What refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment?