Money and Banking Questions and Answers. We covered all the Money and Banking Questions and Answers in this post for free so that you can practice well for the exam.
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Money and Banking Objective Questions and Answers for Students
SHG means
A) Self-Help Group
B) Self Heritage Group
C) Self Historical Groupism
D) All the above
Option a – Self-Help Group
Money changed its form from metal to paper. Pick the right comment.
A) Metal money has more value.
B) Paper money has more value.
C) Plastic money has more value.
D) Material has no value, only money has value.
Option d – Material has no value, only money has value
Fixed Deposit or a Term Deposit. Cannot be withdrawn from the bank for a fixed period of time. It could be one year, two, five, or seven years. The rate of interest is higher on a fixed deposit. Pick the right comment.
A) As the deposit has a guaranteed fixed time, the rate of interest is high.
B) Seven year deposit has less interest.
C) Term deposit is totally different from a fixed deposit.
D) No interest will be credited if it is drawn early.
Option a – As the deposit has a guaranteed fixed time, the rate of interest is high
Barter system of exchange. The system of exchanging goods directly against each other without the use of money is called the Barter system. Which one of the following comes under the Barter system of exchange?
A) A salt vendor sells his salt for grains.
B) A washerman washes clothes for grains.
C) Ramu and Ravi exchanged their clothes.
D) All the above
Option d – All the above
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