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Questions and Answers
What was declared invalid by the government in India during November 2016?
What was declared invalid by the government in India during November 2016?
- Demand deposits held with the banks
- Currency notes in the denomination of Rs. 500 and Rs. 1,000 (correct)
- All currency notes in circulation
- Fixed deposits held with the banks
What does the stock of money consist of?
What does the stock of money consist of?
- Currency held by the public and the fixed deposits held with the banks
- Currency held by the public and the demand deposits held with the banks (correct)
- Currency held by the government and the demand deposits held with the banks
- Currency held by the government and the fixed deposits held with the banks
What is the central idea of the first part of the chapter?
What is the central idea of the first part of the chapter?
- The social situation in which different forms of money were used
- The history of money and its various forms
- The opportunities for students to explore newer forms of money
- The link between modern forms of money and the banking system (correct)
What does the government need to ensure regarding the stock of money?
What does the government need to ensure regarding the stock of money?
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What is the purpose of capturing the element of money for the students?
What is the purpose of capturing the element of money for the students?
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What is the focus of the first part of the chapter on money and credit?
What is the focus of the first part of the chapter on money and credit?
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What opportunities does the present situation in India offer to students regarding money?
What opportunities does the present situation in India offer to students regarding money?
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What is the stock of money made up of?
What is the stock of money made up of?
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What was the impact of the government declaring certain currency notes invalid in India in November 2016?
What was the impact of the government declaring certain currency notes invalid in India in November 2016?
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What is the purpose of not delving into a formal discussion of the ‘functions of money’ in the classroom?
What is the purpose of not delving into a formal discussion of the ‘functions of money’ in the classroom?
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