Public Finance-Online Practice Exam 16
Public Finance-Online Practice Exam 16

Public Finance-Online Practice Exam 16

NET / SET Online Practice Exams

Public Finance

Test

Multi-choice 16

Question

1. Banks earn interest on

Answers

Loans

Deposits

Demand Draft

Bill of exchange

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Question

2. System where minimum gold reserve is fixed by law is called 

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Proportional reserve system 

Minimum gold reserve system

Simple deposit system

Bonus deposit system

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Question

3. Intrinsic value of the money unit is substantially less than its face value in case of

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Monometallism

Bimetallism

Multimetallism

Fiat standard

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Question

4. Monetary standard under which gold and silver are fused in specified proportion is called

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Monometalism

Bimetallism

Symmetallism

None of the above

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Question

5. Symmetallism was suggested by

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Milton Freidman

J.M.Keynes

Gruesham

Alfred Marshall

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Question

6. In bimetallism, which currency is driven out

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Overvalued currency

Undervalued currency

Both of the above

None of the above

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Question

7. When two kinds of money are in circulation, the problem before government is to keep them simultaneously in circulation. This problem was explained by

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Say’s law

Demand law

Gresham’s law

Supply law

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Question

8. How many kinds of money are in circulation in Bimetallism ?

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One

Two

Three

Four

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Question

9. How many kinds of money are in circulation in Monometallism ?

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One

Two

Three

Four

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Question

10. American Central Bank is 

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Federal Reserve Bank

Central American Bank

Chicago

MIT

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