The RBI Headquarters is located at

(a)

Delhi

(b)

Chennai

(c)

Mumbai

(d)

Bengaluru

Money is

(a)

acceptable only when it has intrinsic value

(b)

constant in purchasing power

(c)

the most liquid of all assets

(d)

needed for allocation of resources

Paper currency system is managed by the

(a)

Central Monetary authority

(b)

State Government

(c)

Central Government

(d)

Banks

The basic distinction between M₁ and M₂ is with regard to

(a)

post office total deposits

(b)

saving deposits with post office savings bank

(c)

Terms deposits of banks

(d)

currency

Irving Fisher’s Quantity Theory of Money was popularized in

(a)

1908

(b)

1910

(c)

1911

(d)

1914