Question : Identify the incorrect statement given below

Option 1: Present currency can work as money as it is a legal tender.

Option 2: Coins held by the public are limited legal tender.

Option 3: Central bank mints coins in India

Option 4: Central banks do not deal with the general public.

Question : Choose the incorrect statement from given below:

Option 1: Central bank has the sole authority to issue currency in India.

Option 2: All currency coins are minted by the Central government in India

Option 3: Currency notes in India are guaranteed by the central government.

Option 4: Currency notes are known as ‘limited Legal tender’.

Question : Regarding the money supply situation in India in 2014-15, it can be said that the:

Option 1: Currency with the public is inconvertible only

Option 2: Currency with the public is less than the deposits with the banks

Option 3: Currency with the public is more than the deposits with the banks

Option 4: Currency with the public is almost equal to the deposits with the banks

Question : As per the merger of public sector banks, effective from 1 April 2020, which of the following banks was merged with the Union Bank of India?

Option 1: Syndicate Bank

Option 2: Allahabad Bank

Option 3: Corporation Bank

Option 4: United Bank of India

Question : Which money market instrument is highlighted in the given statement?
Statement: They are generally used by commercial banks to maintain minimum cash balance with Reserve Bank of India.

Option 1: Treasury bill

Option 2: Commercial paper

Option 3: Call money

Option 4: All of the above