UPSC CDS/OTA
Money and Types of Money
General Studies
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Money and Types of Money

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Questions
30
Time
30 min
Marks
30
Solutions
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Q1Q₁. Consider the following statements regarding the functions of money: Money serves as a medium of exchange. Money acts as a unit of account. Money serves as a store of value. Money serves as a standard of deferred payments. Which of the above statements is/are correct?MediumSolve →Q2Q₂. Which of the following best describes fiduciary money?MediumSolve →Q3Q₃. Which of the following is an example of token money?MediumSolve →Q4Q₄. Consider the following statements about fiat money: Its value is backed by precious metals like gold. Its acceptability is enforced by government law. Which of these statements is/are correct?MediumSolve →Q5Q₅. Which of these is not a type of money?EasySolve →Q6Q₆. In India, which authority issues fiat money?EasySolve →Q7Q₇. Which of the following statements about narrow money (M₁) in India is correct?MediumSolve →Q8Q₈. Which of the following is broad money (M₃)?MediumSolve →Q9Q₉. Which one of the following is an example of near money?MediumSolve →Q10Q₁₀. Which of the following correctly describes Gresham’s Law?EasySolve →
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