Finance: Money & Credit MCQ Quiz
7 Questions
| Total Attempts: 317
.
Questions and Answers
- 1.The exchange of goods for goods is known as:
- A.
Banker of option
- B.
Bills of exchange
- C.
Barter system
- D.
Currency
- 2.The problem with the barter system is:
- A.
Double coincidence of wants.
- B.
A good transport system
- C.
Advertising
- D.
Communication
- 3.What a person desires to sell is exactly what the other wishes to buy ---
- A.
Terms of credit.
- B.
Double coincidence of wants
- C.
Selling
- D.
Trade
- 4.Money acts as:
- A.
Medium of exchange
- B.
Medium of information
- C.
Medium of trade.
- D.
None
- 5.In India, currency is issued by:
- A.
RBI on behalf of the central government
- B.
By the President of India.
- C.
By the Finance minister
- D.
None
- 6.Capitalism is an economic system where businesses are privately owned and run by people rather than the government.
- A.
Yes
- B.
No
- 7.Who introduced the idea of free-market:
- A.
Adam Smith, 1776
- B.
Karl Marx, 1850
- C.
J.P. Morgan, 1890
- D.
Amartya Sen, 1970
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