Q. _________ goods are known as scarce goods.
✅ Correct Answer: (A)
Economic
Fundamentals of Economics MCQs and Notes
Q. ________ defined economics as a science which deals with wealth.
✅ Correct Answer: (A)
J.B. Say
Q. Commercial banks provide collateral loans against
✅ Correct Answer: (A)
Government Security
Q. The rate at which the commercial banks borrow from the Reserve Bank of India is called as
✅ Correct Answer: (D)
Bank rate
Q. Which of these would lead to fall in demand for money?
✅ Correct Answer: (C)
Increase in Real Rate of Interest
Q. Which one of the following is the apex bank for agricultural credit in India?
✅ Correct Answer: (D)
NABARD
Q. Which one of the following functions of commercial banks include collection of cheques, drafts, bill of exchange etc. of their customers from other banks?
✅ Correct Answer: (A)
Agency Function
Q. Cash Balance Approach was given by
✅ Correct Answer: (D)
Cambridge University Professors
Q. The relationship between money supply and price level is
✅ Correct Answer: (C)
Proportional