(A) Specialization and division of labor
(B) Spreading the average fixed cost
(C) Limited capital
(D) All factors being variable in the long-run
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The branch banking system is in vogue in most countries of the world in which country was it first developed:
(A) South Africa
(B) UK
(C) Canada
(D) Austrailia
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Which of the following is not a function of a commercial bank:
(A) Accepting public deposits
(B) Granting loans and advances
(C) Undertaking agency functions
(D) Banker to the government
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In which capacity does a person stand to gain from deflation:
(A) As a prisoner
(B) As a debtor
(C) As an enterprenur
(D) As an equity-holder
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The liquidity of trap condition occurs at a:
(A) Low rate of interest
(B) Very Low rate of interest
(C) High rate of interest
(D) Very High rate of interest
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Which of the following is not an instrument of monetry policy:
(A) Taxation
(B) Bank rate
(C) Open market operations
(D) Credit rationing
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“Bad money derives good money out of circulation” with whose name this law is associated:
(A) J M Keneys
(B) Thomas Gresham
(C) L E Mises
(D) R G Hartrawy
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When the commodity value of money and its value of money are equal is called:
(A) Token money
(B) Full bodid money
(C) Quassi-money
(D) Fat-money
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Which of the following is an example of quasi-money:
(A) Bills of exchange
(B) Cheque
(C) Bank notes
(D) Coins