Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond
by

1 Answer

Answer :

(3) Cheque Explanation: On the basis of acceptability, money has been classified into legal tender and optional money. Legal tender money is enforced by law. Optional money is that money which may or may not be accepted as a means of payment; it has no legal sanction. Different credit instruments, like, cheques, bank drafts, etc., are the examples of optional money.
by
selected

Related questions

Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Description : Which one of the following is an example of optional money? (1) Currency note (2) Coins (3) Cheque (4) Bond

Last Answer : Cheque

Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Description : Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Last Answer : (4) cheques Explanation: There are two types of money in a fractional-reserve banking system, currency originally issued by the central bank, and hank deposits at commercial banks: (1) ... created in the banking system through borrowing and lending) - sometimes referred to as chequebook money.

Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Description : Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Last Answer : d) Both b and c

Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques

Description : Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques

Last Answer : cheques

Which of the following is a form of money that has an intrinsic value, like gold coins? A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Description : Which of the following is a form of money that has an intrinsic value, like gold coins? A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Last Answer : A. Commodity Money Explanation: Commodity Money is a form of currency in which the value of the currency comes from the material of which it is made.

What is a cheque? How does it replace currency? -SST 10th

Description : What is a cheque? How does it replace currency? -SST 10th

Last Answer : A cheque is a paper instructing the bank to pay a specific amount from the person's account to the person in whose name the cheque has been drawn. . The facility of cheque against demand ... bank account to another in a couple of days. The transaction is complete without any payment of cash.

The section 4 of the Negotiable Instruments Act, 1881 deals with ________ A. Cheque B. Bills of Exchange C. Promissory Note D. All of the Above E. None of the Above

Description : The section 4 of the Negotiable Instruments Act, 1881 deals with ________ A. Cheque B. Bills of Exchange C. Promissory Note D. All of the Above E. None of the Above

Last Answer : C. Promissory Note Explanation: The section 4 of the Negotiable Instruments Act, 1881 deals with Promissory Note.

Presentment of an acceptance is required in case of A. Every Bill of exchange B. Every Bill of exchange payable after sight C. Every promissory note D. Every cheque

Description : Presentment of an acceptance is required in case of A. Every Bill of exchange B. Every Bill of exchange payable after sight C. Every promissory note D. Every cheque

Last Answer : C. Every promissory note

Acceptor for honour can be a party to A. A cheque B. A bill of exchange C. A promissory note D. A hundi

Description : Acceptor for honour can be a party to A. A cheque B. A bill of exchange C. A promissory note D. A hundi

Last Answer : B. A bill of exchange

To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or acceptor A. Holder of the instrument B. Indorser of the instrument C. Indorsee of the instrument D. None of the above.

Description : To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or acceptor A. Holder of the instrument B. Indorser of the instrument C. Indorsee of the instrument D. None of the above.

Last Answer : A. Holder of the instrument

The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof B. The payment by a bank on a negotiable instrument after due verification of the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above.

Description : The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the ... the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above

Last Answer : A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof

Cheque is a A. Promissory note B. Bill of exchange C. Both (a) and (b) above D. None of the above.

Description : Cheque is a A. Promissory note B. Bill of exchange C. Both (a) and (b) above D. None of the above.

Last Answer : D. None of the above.

Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : (4) Goods are exchanged with goods. Explanation: Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, ... crisis, such as when the currency may be either unstable or simply unavailable for conducting commerce,

Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : Goods are exchanged with goods.

Insurance is compulsory, if the article contains a) Gold coins or bullion, currency notes & any other valuable articles b) VP articles below the value of Rs 600/- c) Containing lorry receipts d) All parcels exceeding 4 KG in weight

Description : Insurance is compulsory, if the article contains a) Gold coins or bullion, currency notes & any other valuable articles b) VP articles below the value of Rs 600/- c) Containing lorry receipts d) All parcels exceeding 4 KG in weight

Last Answer : a) Gold coins or bullion, currency notes & any other valuable articles

Write short note: Coins of Daryush – I

Description : Write short note: Coins of Daryush – I

Last Answer : Write short note: Coins of Daryush – I

Can you tender a one rupee note in such a manner that there shall be total 50 coins but none of them would be 2 paise coins?

Description : Can you tender a one rupee note in such a manner that there shall be total 50 coins but none of them would be 2 paise coins?

Last Answer : Answer: 45 one paisa coins, 2 five paise coins, 2 ten paise coins, and 1 twenty-five paise coins.

Optional money is a (a) Legal tender money ; (b) Non-legal tender money ; (c) Limited legal tender money; (d) Full bodied money

Description : Optional money is a (a) Legal tender money ; (b) Non-legal tender money ; (c) Limited legal tender money; (d) Full bodied money

Last Answer :  (b) Non-legal tender money ;

Who is authorized to issue coins in India? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Description : Who is authorized to issue coins in India? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Last Answer : (2) Ministry of Finance Explanation: Coins may be coined at the Mint for issue under the authority of the Central Government, (of such denominations not higher than one hundred rupees), such ... the Ministry of Finance and bears the signature of the secretary. All currency notes are legal tender.

Who is authorised to issue coins in India ? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Description : Who is authorised to issue coins in India ? (1) Reserve Bank of India (2) Ministry of Finance (3) State Bank of India (4) Indian Overseas Bank

Last Answer : Ministry of Finance

"Legal Tender Money" refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Description : "Legal Tender Money" refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Last Answer : (4) Currency notes Explanation: Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common ... tender in many countries. Legal tender money is a type of payment that is protected by law.

What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the public and the cash reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Description : What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Last Answer : (1) The sum of currency in circulation and the demand deposits in banks Explanation: The four main monetary aggregates of measures of money supply which reflect the state of the monetary sector ... This category of money is considered to be the most readily available for transactions and commerce.

Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) Currency with the public is more than the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Description : Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) ... the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Last Answer : (2) Currency with the public is less than the deposits with the banks. Explanation: Money supply in India includes the following: (i) Currency with the public: (ii) Demand deposits and time ... to total supply of money has been increasing with reciprocal diminution in currency held by the public.

Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Description : Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Last Answer : (1) decrease in the internal value of money Explanation: Devaluation refers to a decline in the value of a currency in relation to another, usually brought about by the actions of a central bank ... with developing countries that don't allow their currency prices to float freely on the open market.

What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money held by public in currency c) ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Description : What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money ... ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Last Answer : a) ratio of money held by the public in currency to that of money held in bank deposits

“Legal Tender Money” refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Description : “Legal Tender Money” refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Last Answer : Currency notes

Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Description : Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Last Answer :  decrease in the external value of money

What is “narrow money” ? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the public and the cash reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Description : What is narrow money ? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Last Answer : The sum of currency in circulation and the demand deposits in banks

Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) Currency with the public is more than the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Description : Regarding money supply situation in India it can be said that the : (1) Currency with the public is inconvertible only. (2) Currency with the public is less than the deposits with the banks. (3) ... the deposits with the banks. (4) Currency with the public is almost equal to the deposits with banks.

Last Answer : Currency with the public is less than the deposits with the banks. 

hat posses general acceptability? (a) Bill of exchange (b) Bond © Money (d) Bank draft

Description : hat posses general acceptability? (a) Bill of exchange (b) Bond © Money (d) Bank draft

Last Answer : © Money

What do you think the world would look like if specifically high school was optional?

Description : What do you think the world would look like if specifically high school was optional?

Last Answer : The military would love it, tons of young men with no purpose? Shit here’s a rifle, go get that oil

Is suffering optional?

Description : Is suffering optional?

Last Answer : Yes, pretty much like choosing not to be offended. It’s choosing not to be bothered by the misfortune.

Should voting in the US be changed from an optional right to a mandatory requirement?

Description : Should voting in the US be changed from an optional right to a mandatory requirement?

Last Answer : Compulsory voting would only morally work if a “None of the Above” choice was available. Having to choose between two scoundrels is not a free choice.

What would happen if the death penalty was optional for anyone of sound mind facing an extended prison sentence?

Description : What would happen if the death penalty was optional for anyone of sound mind facing an extended prison sentence?

Last Answer : It wouldn’t work. If the convict is truly of sound mind then they would never opt to die.

Soil Test: which optional tests should I choose?

Description : Soil Test: which optional tests should I choose?

Last Answer : answer:Soluble salts - i.e. cations like Ca, Mg, Na. High levels can negatively impact plant growth as plants will not be able to uptake water due to osmosis. Nitrogen - is a major ... otherwise, I would be more interested in particle size. Would be interested to know what other people think.

How come all (or the majority, if not all) women wear their wedding rings but for men it seems to be optional?

Description : How come all (or the majority, if not all) women wear their wedding rings but for men it seems to be optional?

Last Answer : answer:My uncle didn't wear one because a) he hated jewelry and b) he's a dentist and the hassle of having to put it on and take it off several times a day without loosing it was really a ... around The Ring for women, whereas for men it's just kinda there, like q-tips and dishwasher detergent.

Can you cancel training if it was OPTIONAL?

Description : Can you cancel training if it was OPTIONAL?

Last Answer : In the military, nothing is really optional. If he skips training, he will get behind in his unit. He will have let down the team so to speak. Take a book to the airport.

Should we make 12th grade optional?

Description : Should we make 12th grade optional?

Last Answer : Yes absolutely. Senior year is a joke. But then again, our entire public education system is a joke.

Do you agree that 'suffering is optional' and that humanity desires it?

Description : Do you agree that 'suffering is optional' and that humanity desires it?

Last Answer : We’re supposed to suffer. It’s acceptance of that fact which brings us equanimity, I thought. I could be wrong, though.

If there was a "clothing optional" event in your town, would you get naked for it?

Description : If there was a "clothing optional" event in your town, would you get naked for it?

Last Answer : Oh yeah!

Why in our culture do most women feel obligated to wear wedding rings while it seems that it's optional for men?

Description : Why in our culture do most women feel obligated to wear wedding rings while it seems that it's optional for men?

Last Answer : It’s optional for either party. I think both the man and woman should wear their rings.

Which of the following is an optional section of IGES format? a.Start section b.Global section c.Terminate section d.Flag section

Description : Which of the following is an optional section of IGES format? a.Start section b.Global section c.Terminate section d.Flag section

Last Answer : d.Flag section

When you define a field for a table, which of the following parameters do Access always consider optional? -Technology

Description : When you define a field for a table, which of the following parameters do Access always consider optional? -Technology

Last Answer : (d) Description field of the table is optional, as it depends on the databasedesigner that he/she wants to describe a field or not.

To display the details of all those students who have IP as their optional subject. -Technology

Description : To display the details of all those students who have IP as their optional subject. -Technology

Last Answer : (i) select * from student where optional=‟IP‟;(ii) select name, stream, optional from student where name like 'A%';(iii) update student set average=average+3 where stream=‟Humanities‟ and optional='Maths';(iv) select name from student where average>75;

Who is the Best UPSC Anthropology Optional Coaching Regular Batch?

Description : Who is the Best UPSC Anthropology Optional Coaching Regular Batch?

Last Answer : UPSC Anthropology Optional Coaching Regular BatchVisit Our Website >>>Join Sapiens IAS Best Anthropology Optional Coaching Institute | For Admission Call - 9718354962Are you searching for the best ... at+91-9718354962, +91-8700922126, and know the upcoming anthropology regular class batches.

What is the difference between optional muscle and involuntary muscle ?

Description : What is the difference between optional muscle and involuntary muscle ?

Last Answer : 1. We can contract and stretch the optional muscles as we wish . On the other hand , we cannot contract the involuntary muscles as we wish. 2. We can move different limbs with the help of optional muscles. On ... stick to the bone. 4. The epidermis , arms , legs, etc. are made up of these muscles.

What is optional muscle ?

Description : What is optional muscle ?

Last Answer : The muscle that is linearly transverse and controlled by the individual , and which is on the skeleton of the body is called optional muscle.

What is the opposite of optional ?

Description : What is the opposite of optional ?

Last Answer : The opposite of optional is required.

When should you use the optional gear shifting available in some automatic transmission automobiles?

Description : When should you use the optional gear shifting available in some automatic transmission automobiles?

Last Answer : You should use it every 40,000 miles to keep your transmission well lubricated.