Money Savings and Investment- Indian Economy
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Question 1 |
Who said `Money is that which money does’?
Professor Walker |
Question 2 |
What is the medium of exchange?
Money |
Question 3 |
What do the term `Money’ means in Latin language?
Moneta. It is the sur name of Roamn Goddess ‘junto’. |
Question 4 |
From does the word money been derived?
It is been derived from the term `Moneta’. |
Question 5 |
What are the functions of money?
Medium of exchange, measure of value, Store of value and standard of deferred payment. |
Question 6 |
When do we know the importance of money?
When there is deficit of money. |
Question 7 |
What is savings?
The portion of money that is not spent on consumption is called as savings. |
Question 8 |
What is investment?
Investment means addition to the existing production capacities. |
Question 9 |
Money is what it does’ is defined by ....................
Crowthes | |
Walker | |
Robertson |
Question 10 |
The purchasing power of money depends upon the ......................
Price level | |
Demand level | |
Supply level |
Question 11 |
...................... is used as a standard for future payment.
Cheque | |
Money | |
Credit card |
Question 12 |
....................... is the unit of account and a standard of common measurement.
Medium of exchange | |
Measure of value | |
store of value |
Question 13 |
The portion of income not spent on ........................ is saving
Consumption | |
Production | |
Distribution |
Question 14 |
Money makes .................... calculation easy.
mental | |
personal | |
economic |
Question 15 |
Savings is directly connected with ....................
Consumption | |
Production | |
Investment |
Question 16 |
Match the following.
- Moneta (a) Old system of exchange of goods
- Store of value (b) Fundamental invention
- Savings (c) Money
- Money (d) Function of money
- Barter system (e) contributes to economic growth.
3 2 1 4 5 | |
5 4 1 2 3 | |
4 3 2 1 5 | |
1 4 3 2 5 |
Question 17 |
Match the following
4 3 2 1 5 | |
5 4 1 2 3 | |
3 2 1 4 5 | |
2 4 5 1 3 |
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