279796
Currency notes in India are issued by the:
1 State Bank of India.
2 Reserve Bank of India.
3 Central Bank of India.
4 None of these. 1Mark
Explanation:
Reserve Bank of India.
MONEY and CREDITS
279797
The term 'Plastic Money' refers to ___________.
1 ATM cards
2 Plastic-coated currency notes
3 Foreign currency notes
4 Traveler's cheque 1Mark
Explanation:
ATM cards Plastic money refers to the hard plastic cards we use every day in place of actual bank notes. For example ATM cards like credit card and debit card are electronic generated card that acts as plastic money at the time of buying of goods and services. Debit card is used to withdraw money from your bank account at the time of payment for something and credit card is used to generate credit in the name of your bank account for the purpose of electronic payment.
MONEY and CREDITS
279798
Which one of the following is the appropriate meaning of collateral?
1 It is the sum total of money borrowed from banks.
2 The amount borrowed from friends.
3 It is an asset of the borrower used as guarantee to a lender.
4 The amount invested in a business. 1Mark
Explanation:
It is an asset of the borrower used as guarantee to a lender.
MONEY and CREDITS
279799
What were the earliest form of objects used as money in India?
1 Grains and cattle.
2 Coins.
3 Jewels.
4 Land. 1Mark
Explanation:
Grains and cattle.
MONEY and CREDITS
279800
Why is money called the medium of exchange?
1 Goods are being bought and sold with the use of money.
2 Use of money has made things easier to exchange.
3 Money acts as an intermediate in the exchange process.
4 Without exchange of money nobody can fulfil all his needs and requirements. 1Mark
Explanation:
Money acts as an intermediate in the exchange process.
279796
Currency notes in India are issued by the:
1 State Bank of India.
2 Reserve Bank of India.
3 Central Bank of India.
4 None of these. 1Mark
Explanation:
Reserve Bank of India.
MONEY and CREDITS
279797
The term 'Plastic Money' refers to ___________.
1 ATM cards
2 Plastic-coated currency notes
3 Foreign currency notes
4 Traveler's cheque 1Mark
Explanation:
ATM cards Plastic money refers to the hard plastic cards we use every day in place of actual bank notes. For example ATM cards like credit card and debit card are electronic generated card that acts as plastic money at the time of buying of goods and services. Debit card is used to withdraw money from your bank account at the time of payment for something and credit card is used to generate credit in the name of your bank account for the purpose of electronic payment.
MONEY and CREDITS
279798
Which one of the following is the appropriate meaning of collateral?
1 It is the sum total of money borrowed from banks.
2 The amount borrowed from friends.
3 It is an asset of the borrower used as guarantee to a lender.
4 The amount invested in a business. 1Mark
Explanation:
It is an asset of the borrower used as guarantee to a lender.
MONEY and CREDITS
279799
What were the earliest form of objects used as money in India?
1 Grains and cattle.
2 Coins.
3 Jewels.
4 Land. 1Mark
Explanation:
Grains and cattle.
MONEY and CREDITS
279800
Why is money called the medium of exchange?
1 Goods are being bought and sold with the use of money.
2 Use of money has made things easier to exchange.
3 Money acts as an intermediate in the exchange process.
4 Without exchange of money nobody can fulfil all his needs and requirements. 1Mark
Explanation:
Money acts as an intermediate in the exchange process.
279796
Currency notes in India are issued by the:
1 State Bank of India.
2 Reserve Bank of India.
3 Central Bank of India.
4 None of these. 1Mark
Explanation:
Reserve Bank of India.
MONEY and CREDITS
279797
The term 'Plastic Money' refers to ___________.
1 ATM cards
2 Plastic-coated currency notes
3 Foreign currency notes
4 Traveler's cheque 1Mark
Explanation:
ATM cards Plastic money refers to the hard plastic cards we use every day in place of actual bank notes. For example ATM cards like credit card and debit card are electronic generated card that acts as plastic money at the time of buying of goods and services. Debit card is used to withdraw money from your bank account at the time of payment for something and credit card is used to generate credit in the name of your bank account for the purpose of electronic payment.
MONEY and CREDITS
279798
Which one of the following is the appropriate meaning of collateral?
1 It is the sum total of money borrowed from banks.
2 The amount borrowed from friends.
3 It is an asset of the borrower used as guarantee to a lender.
4 The amount invested in a business. 1Mark
Explanation:
It is an asset of the borrower used as guarantee to a lender.
MONEY and CREDITS
279799
What were the earliest form of objects used as money in India?
1 Grains and cattle.
2 Coins.
3 Jewels.
4 Land. 1Mark
Explanation:
Grains and cattle.
MONEY and CREDITS
279800
Why is money called the medium of exchange?
1 Goods are being bought and sold with the use of money.
2 Use of money has made things easier to exchange.
3 Money acts as an intermediate in the exchange process.
4 Without exchange of money nobody can fulfil all his needs and requirements. 1Mark
Explanation:
Money acts as an intermediate in the exchange process.
279796
Currency notes in India are issued by the:
1 State Bank of India.
2 Reserve Bank of India.
3 Central Bank of India.
4 None of these. 1Mark
Explanation:
Reserve Bank of India.
MONEY and CREDITS
279797
The term 'Plastic Money' refers to ___________.
1 ATM cards
2 Plastic-coated currency notes
3 Foreign currency notes
4 Traveler's cheque 1Mark
Explanation:
ATM cards Plastic money refers to the hard plastic cards we use every day in place of actual bank notes. For example ATM cards like credit card and debit card are electronic generated card that acts as plastic money at the time of buying of goods and services. Debit card is used to withdraw money from your bank account at the time of payment for something and credit card is used to generate credit in the name of your bank account for the purpose of electronic payment.
MONEY and CREDITS
279798
Which one of the following is the appropriate meaning of collateral?
1 It is the sum total of money borrowed from banks.
2 The amount borrowed from friends.
3 It is an asset of the borrower used as guarantee to a lender.
4 The amount invested in a business. 1Mark
Explanation:
It is an asset of the borrower used as guarantee to a lender.
MONEY and CREDITS
279799
What were the earliest form of objects used as money in India?
1 Grains and cattle.
2 Coins.
3 Jewels.
4 Land. 1Mark
Explanation:
Grains and cattle.
MONEY and CREDITS
279800
Why is money called the medium of exchange?
1 Goods are being bought and sold with the use of money.
2 Use of money has made things easier to exchange.
3 Money acts as an intermediate in the exchange process.
4 Without exchange of money nobody can fulfil all his needs and requirements. 1Mark
Explanation:
Money acts as an intermediate in the exchange process.
279796
Currency notes in India are issued by the:
1 State Bank of India.
2 Reserve Bank of India.
3 Central Bank of India.
4 None of these. 1Mark
Explanation:
Reserve Bank of India.
MONEY and CREDITS
279797
The term 'Plastic Money' refers to ___________.
1 ATM cards
2 Plastic-coated currency notes
3 Foreign currency notes
4 Traveler's cheque 1Mark
Explanation:
ATM cards Plastic money refers to the hard plastic cards we use every day in place of actual bank notes. For example ATM cards like credit card and debit card are electronic generated card that acts as plastic money at the time of buying of goods and services. Debit card is used to withdraw money from your bank account at the time of payment for something and credit card is used to generate credit in the name of your bank account for the purpose of electronic payment.
MONEY and CREDITS
279798
Which one of the following is the appropriate meaning of collateral?
1 It is the sum total of money borrowed from banks.
2 The amount borrowed from friends.
3 It is an asset of the borrower used as guarantee to a lender.
4 The amount invested in a business. 1Mark
Explanation:
It is an asset of the borrower used as guarantee to a lender.
MONEY and CREDITS
279799
What were the earliest form of objects used as money in India?
1 Grains and cattle.
2 Coins.
3 Jewels.
4 Land. 1Mark
Explanation:
Grains and cattle.
MONEY and CREDITS
279800
Why is money called the medium of exchange?
1 Goods are being bought and sold with the use of money.
2 Use of money has made things easier to exchange.
3 Money acts as an intermediate in the exchange process.
4 Without exchange of money nobody can fulfil all his needs and requirements. 1Mark
Explanation:
Money acts as an intermediate in the exchange process.
