Class XII Economics Quiz - Money and Banking
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1. What is the primary function of money?
Store of value · Unit of account · Medium of exchange · Standard of deferred payment
2. Which of the following is NOT a characteristic of money?
Divisibility · Durability · Scarcity · Homogeneity
3. What is the term used for the total amount of money in circulation in an economy?
Money supply · Liquidity · Monetary base · Currency
4. Which institution is responsible for regulating the money supply in India?
Securities and Exchange Board of India · Reserve Bank of India · Ministry of Finance · Commercial Banks
5. What type of money has intrinsic value?
Fiat money · Commodity money · Bank money · Electronic money
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