Student Community
Answer
Ans – (b) Explanation:- Harish and Shivam do not have what they both have and want simultaneously. Harish wants a tablet but Shivam has a laptop. Shivam wants a mobile but Harish wants a tablet in return. Thus, it is…
Ans – (c) Explanation:- Central Bank and Commercial Bank are the two main sources of money supply in an economy. Central Bank issues currency in the form of paper and coins. It becomes part of the money supply as currency…
Ans – (c) Explanation:- The money supply refers to the total stock of money held by the public at a particular point of time. It has two components: (i) Current with the public (ii) Demand deposits with the commercial banks
Ans – (c) Explanation:- Money supply is the money held by the public at a point of time. It is a stock concept as it is measured at a point of time. For example: Money supply of India as on…
Ans – (b) Explanation:- Money supply refers to the money held by the public at a point of time. It has two components: 1. Currency held by the public 2. Demand deposits of the public with commercial banks
Ans – (d) Explanation:- There are four limitations of the barter system: 1. Lack of Double Coincidence of wants 2. Lack of common measure of value (unit of account) 3. lack of standard of Deferred Payment 4. Lack of Store…
Ans – (b) Explanation:- Reserve bank of India has the authority to issue and regulate the currency in India.
Ans – (a) Explanation:- Sita wants potatoes but wants to give 2 liters of milk to Rani. But Rani does not want 2 liters of milk but wants a pair of shoes. It means Sita and Rani have different wants…
Ans – (d) Explanation:- Following are the limitations of the barter exchange. 1. Medium of exchange 2. Measure of value 3. Store of value 4. Standard of deferred payments
Ans – (a) Explanation:- Money supply is a stock concept as it is measured at a point of time. For example:- The money supply in India at 31st march 2024 at 12 P.M is 2,000 crore.