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Chapter 12 of 19
Important Questions

Money And Banking

ICSE · Class 12 · Economics

Most important questions from Money And Banking for ICSE Class 12 Economics board exam 2026. MCQs, short answer, and long answer questions with marks.

70 questions60 flashcards5 concepts

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70 Questions·
multiple choicemultiple correct

Sample Questions

1multiple choice
3 marks

A country has money supply of ₹96,000 crore and high-powered money of ₹16,000 crore. What is the money multiplier?

Show answer

6

Money multiplier m = M/H. So m = 96,000/16,000 = 6.

2multiple choice
3 marks

A bank receives a primary deposit of ₹5,000 and the legal reserve ratio is 10%. How much money can the bank create in total?

Show answer

₹50,000

Money multiplier = 1/0.10 = 10. Total credit creation = Initial deposits × Money multiplier = ₹5,000 × 10 = ₹50,000.

3multiple choice
3 marks

At a price of ₹10 per kg of wheat, one rupee buys 100 grams. If the price falls to ₹8 per kg, what does one rupee buy?

Show answer

125 grams

Value of money Vm = 1/P. When price falls from ₹10 to ₹8 per kg, purchasing power rises. One rupee buys 1/8 kg = 0.125 kg = 125 grams.

4multiple choice
3 marks

A bank has initial deposits of ₹20,000. If the legal reserve ratio is raised from 20% to 50%, what is the fall in total credit creation?

Show answer

₹60,000

At 20% LRR, multiplier = 1/0.2 = 5 and credit creation = ₹20,000 × 5 = ₹100,000. At 50% LRR, multiplier = 1/0.5 = 2 and credit creation = ₹20,000 × 2 = ₹40,000. Fall = ₹100,000 - ₹40,000 = ₹60,000.

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Frequently Asked Questions

What are the important topics in Money And Banking for ICSE Class 12 Economics?
Money And Banking covers several key topics that are frequently asked in ICSE 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 Money And Banking — ICSE Class 12 Economics?
Understand the core concepts first, then work through the 70 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Money And Banking?
There are 70 practice questions available for Money And Banking. These cover multiple question types including MCQs, short answer, and long answer questions.

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

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