Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Money and Banking

Question:

Match List I with List -II.

List I List II
A. Institution that accept public deposits I. Issuance of currency notes
B. The central Bank of India II. Acceptance of deposit from public
C. Function of a Central Bank III. Reserve Bank of India
D. Function of Commercial Bank IV. Commercial Bank

Choose the correct answer from the options given below :

Options:

A-IV, B-I, C-II, D-III

A-IV, B-III, C-I, D-II

A-II, B-III, C-IV, D-I

A-I, B-III, C-II, D-IV

Correct Answer:

A-IV, B-III, C-I, D-II

Explanation:

The correct answer is option (2) : A-IV, B-III, C-I, D-II

List I List II
A. Institution that accept public deposits IV. Commercial Bank
B. The Central Bank of India III.Reserve Bank of India
C. Function of a Central Bank I. Issuance of currency notes
D. Function of Commercial Bank II. Acceptance of deposit from public

(A) Institution that accepts public deposits  (IV) : This function is typically associated with Commercial Banks, which accept deposits from the public.

(B) The Central Bank of India (III) : The Reserve Bank of India (RBI) is the central bank of India.

(C) Issuance of currency notes (I) : This function is associated with the Reserve Bank of India (RBI) as the central bank, which has the authority to issue currency notes.

(D) Function of Commercial Bank (II) : Commercial  Banks perform the function of accepting deposits from the public, among other functions.