Directions How to Answer

Aptitude Test Topic: Economics

This section is comprised of MCQs on Economics.

Directions

The following are questions on Economics. Select the correct option to represent your answer.

To give the answer click/tap the option alphabet for your answer choice. for correct answer green check and for wrong answer a red cross will appear along with a button to show explanation with or without video of the question answer.

Economics: All Topics Practice MCQ

Question Statement:

The system of issuing and monitoring of money in the market is known as–

Proportional reserve ratio

Fixed reserve ratio

Minimum reserve ratio

Floating reserve ratio

Explanation:

Correct Answer: C

Sol. The relationship between note issue and its reserve backing is usually done on the basis of a reserve system by central banks across the world. The reserve system provides guidelines for the issue of new currencies.

Question: 9 Test: 3 of 5 Next Test

Tests

You are taking Aptitude Test No. 3

Each aptitude test is comprised of 10 except the last test which might have fewer than 10 in some topics.

You are at question (MCQ) number 9 and Test Number 3 of Economics: All topics. To deal with Economics questions, you must take lesson on the subject. In case of science and Art subjects revise your text books and in case of general aptitude topics take lessons from the topic page.

The question: The system of issuing and monitoring of money in the market is known as– .... with options: Proportional reserve ratio, Fixed reserve ratio , Minimum reserve ratio, Floating reserve ratio can be solved with the concepts and understanding of Economics.