Finance: Money & Credit MCQ Quiz

7 Questions | Total Attempts: 27

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Finance: Money & Credit MCQ Quiz

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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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