Practice Functions of RBI - 5.8 | 5. Money and Banking – Basic Concepts | ICSE Class 10 Economic Applications
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is the primary role of the RBI in issuing currency?

💡 Hint: Think about who controls the creation of money.

Question 2

Easy

Name one tool RBI uses to control credit in the economy.

💡 Hint: These tools regulate the money supply.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is the primary function of the RBI?

  • A. Issue currency
  • B. Provide loans
  • C. Collect taxes

💡 Hint: Think about who creates money in India.

Question 2

True or False: RBI allows commercial banks to issue their own currency.

  • True
  • False

💡 Hint: Who is the legal authority for currency?

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Evaluate how the RBI's currency issuance impacts the economic activities of a country.

💡 Hint: Consider the flow of money in relation to public trust.

Question 2

Design your own monetary policy tool that the RBI could use to manage inflation, justifying its use.

💡 Hint: Think about flexibility in managing policies.

Challenge and get performance evaluation