Question : Paper money is also called ___________.
Option 1: Local money
Option 2: Bank money
Option 3: Fiat money
Option 4: None of the above
Correct Answer: Fiat money
Solution : Paper money is also called fiat money. Fiat money works according to Government law and order. Hence option C is correct.
Question : Bank draft is called ______________.
Option 1: Bank money
Option 2: Paper money
Option 3: Individual money
Option 4: All of above
Question : The currency issued by the central bank is called ___________.
Option 1: Fiat money
Option 2: Commodity money
Option 3: Digital money
Option 4: Credit money
Question : The total amount of money cash, coins, and balances in bank is a part of __________.
Option 1: Demand of money
Option 2: Money supply
Option 3: Both a and b
Question : Whiich bank is called the bankers Bank?
Option 1: World Bank
Option 2: Central Bank
Option 3: SBI Bank
Option 4: ICICI Bank
Question : Which bank is called the bank of note issue?
Option 1: ICICI Bank
Option 2: PNB Bank
Option 3: Reserve Bank
Option 4: Central Bank
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