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Banking and Monetary Policy

Gujarat Board · Class 12 · Economics

Practice quiz for Banking and Monetary Policy — Gujarat Board Class 12 Economics. MCQs and questions with answers to test your preparation.

43 questions24 flashcards5 concepts

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Quick Quiz: Banking and Monetary Policy

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Tap an answer to check it instantly. No sign-up needed for these 4.

1

What is the primary function of a commercial bank?

2

The Reserve Bank of India was established in which year?

3

What does CRR stand for?

4

When RBI increases the repo rate, what happens to money supply in the economy?

43 Questions·
multiple choicemultiple correcttrue false

Sample Questions

1multiple correct

Which of the following are types of deposits in commercial banks?

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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).

2true false

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.

3multiple correct

Which of the following are functions of the Reserve Bank of India?

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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.

4multiple choice

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).

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Frequently Asked Questions

What are the important topics in Banking and Monetary Policy for Gujarat Board Class 12 Economics?
Banking and Monetary Policy covers several key topics that are frequently asked in Gujarat Board Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Banking and Monetary Policy — Gujarat Board Class 12 Economics?
Understand the core concepts first, then work through the 43 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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