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  • Question
  • Which of the following is an example of representative money?


  • Options
  • A. Salt
  • B. A tract of land
  • C. Gold
  • D. A check

  • Correct Answer
  • A check 

    Explanation

    Representative money is an item such as a token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value, such as gold, silver, copper,...

     

    Hence, a Check is an example of representative money.

  • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

    Indian Economy problems


    Search Results


    • 1. Who was appointed as Director General of Goods and Service Tax Intelligence (DG GSTI) ?

    • Options
    • A. Uttam Singh
    • B. Gurindar Chadha
    • C. Richard Verma
    • D. John Joseph
    • Discuss
    • 2. NREGP is the abbreviated form of

    • Options
    • A. National Rural Employment Guarantee Programme
    • B. National Rural Educational Guarantee Programme
    • C. National Rapid Employment Guarantee Programme
    • D. National Rapid Educational Guarantee Programme
    • Discuss
    • 3. Which Bank has launched 'Project Nishchay' in partnership with The Boston Consulting Group (BCG) ?

    • Options
    • A. SBI
    • B. Dena Bank
    • C. IDBI Bank
    • D. Yes Bank
    • Discuss
    • 4. States earn maximum revenue through

    • Options
    • A. excise duties
    • B. commercial taxes
    • C. land revenue
    • D. custom revenue
    • Discuss
    • 5. India has emerged as the _______largest aviation market in the world with a passenger traffic of over 10 crore reported for 2016-17.

    • Options
    • A. 1st
    • B. 2nd
    • C. 3rd
    • D. 4th
    • Discuss
    • 6. National Income based on the

    • Options
    • A. total revenue of the state
    • B. production of goods and services
    • C. net profit earned and expenditure made by the state
    • D. the sum of all fractions of income
    • Discuss
    • 7. Which country has replaced China as the top retail destination in 2017 Global retail development index ?

    • Options
    • A. Russia
    • B. India
    • C. Japan
    • D. USA
    • Discuss
    • 8. The most literate Union Territory in India is

    • Options
    • A. Delhi
    • B. Lakshadweep
    • C. Chandigarh
    • D. Pondicherry
    • Discuss
    • 9. What is the longest irrigation canal India called

    • Options
    • A. Yamuna Canal
    • B. Sirhind canal
    • C. Indira Gandhi canal
    • D. Upper Bari Doab Canal
    • Discuss
    • 10. Gold Mines in India are located mainly at

    • Options
    • A. Kolar
    • B. Raniganj
    • C. Jadugoda
    • D. Veeranam
    • Discuss


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