Banking and Monetary Policy — Practice Quiz
Gujarat Board · Class 12 · Economics
Try a 4-question quiz on Banking and Monetary Policy for Gujarat Board Class 12 Economics: tap an answer to check it and see why.
Interactive on Super Tutor
Studying Banking and Monetary Policy? Get the full interactive chapter.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for practice quiz and more.
Free trial, no card needed.
Quick Quiz: Banking and Monetary Policy
0/4Tap an answer to check it instantly. No sign-up needed for these 4.
What is the primary function of a commercial bank?
The Reserve Bank of India was established in which year?
What does CRR stand for?
When RBI increases the repo rate, what happens to money supply in the economy?
Sample Questions
Which of the following are types of deposits in commercial banks?
Show answer
Current Account Deposits, Savings Account Deposits, Fixed Deposits
Commercial banks accept three main types of deposits: Current Account (for business transactions), Savings Account (for personal savings), and Fixed/Term Deposits (for long-term savings with higher interest).
The central bank of India is responsible for issuing currency notes of all denominations.
Show answer
False
The RBI issues currency notes of denominations ₹2 and above. Currency notes of ₹1 and all coins are issued by the Government of India's finance ministry, though RBI distributes them.
Which of the following are functions of the Reserve Bank of India?
Show answer
Currency issue, Banker to the government, Credit control
RBI's main functions include issuing currency, acting as banker to government, controlling credit and money supply. Direct taxation and stock market regulation are not RBI's functions.
What is the minimum SLR requirement for banks in India?
Show answer
25%
Under the Banking Regulation Act 1949, all banks must maintain at least 25% of their total deposits in the form of cash, gold, and approved securities as SLR (Statutory Liquidity Ratio).
+39 more questions on Banking and Monetary Policy (Gujarat Board Class 12 Economics)
Practise AllFrequently Asked Questions
What are the important topics in Banking and Monetary Policy for Gujarat Board Class 12 Economics?
How many practice questions are there for Banking and Monetary Policy?
Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
More resources for Banking and Monetary Policy
For serious students
Get the full Banking and Monetary Policy chapter — start free.
Quizzes, flashcards, an AI doubt solver and a study plan for Gujarat Board Class 12 Economics. Free to start, no card needed.