What is it that can act as a medium of exchange in transactions? -SST 10th

What is it that can act as a medium of exchange in transactions? -SST 10th
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It is money that can act as a medium of exchange in transactions.
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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.

“Hawala transactions” in India are prohibited under the provision of which of the following acts? A. Banking Regulation Act B. Financial Action Task Force Act C. Foreign Exchange Management Act D. All of the Above E. None of the above

Description : “Hawala transactions” in India are prohibited under the provision of which of the following acts? A. Banking Regulation Act B. Financial Action Task Force Act C. Foreign Exchange Management Act D. All of the Above E. None of the above

Last Answer : C. Foreign Exchange Management Act Explanation: ―Hawala transactions‖ in India are prohibited under the provision of Foreign Exchange Management Act.

How does money act as a medium of exchange ? -SST 10th

Description : How does money act as a medium of exchange ? -SST 10th

Last Answer : Money acts as a medium of exchange because any good can be bought or sold with the money as their value is already decided in the market in terms of money.

How does money act as medium of exchange ? -SST 10th

Description : How does money act as medium of exchange ? -SST 10th

Last Answer : It acts as an intermediate in the exchange process and transactions. We can buy things if we have money in our pockets.

What does ECS in banking transactions stand for? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) Electronic Clearing Service

Description : What does ECS in banking transactions stand for? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) Electronic Clearing Service

Last Answer : (4) Electronic Clearing Service Explanation: Electronic Clearing Service is a mode of electronic funds transfer from one bank account to another bank account using the services of a Clearing ... tax, etc or for loan installments of financial institutions/banks or regular investments of persons.

Who among the following appoints the “Authorized Dealers” for foreign exchange transactions? A. GOI B. RBI C. PSBs D. FEDAI E. FIMMDA

Description : Who among the following appoints the “Authorized Dealers” for foreign exchange transactions? A. GOI B. RBI C. PSBs D. FEDAI E. FIMMDA

Last Answer : D. FEDAI Explanation: Foreign Exchange Dealer s Association of India (FEDAI) was set up in 1958 as an Association of banks dealing in foreign exchange in India (typically called Authorised Dealers - ... among banks vis-à-vis public and liaison with RBI for reforms and development of forex market.

A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Description : A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Last Answer : D. Capital account transactions

A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Description : A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions

Last Answer : D. Capital account transaction

Which exchange-rate mechanism is intended to insulate the balance of payments from short-term capital movements while providing exchange rate stability for commercial transactions? A. Dual Exchange Rates B. Managed Floating Exchange Rates C. Adjustable Pegged Exchange Rates D. Crawling Pegged Exchange Rates

Description : Which exchange-rate mechanism is intended to insulate the balance of payments from short-term capital movements while providing exchange rate stability for commercial transactions? A. Dual ... Floating Exchange Rates C. Adjustable Pegged Exchange Rates D. Crawling Pegged Exchange Rates

Last Answer : A. Dual Exchange Rates

Retailing is BEST characterised or definedA)as transactions in which the buyer intends to consume the product through personal, family, or household use. B)by arrangements whereby a supplier grants a dealer the right to sell products in exchange for some type of consideration. C)as transactions in which the purchaser intends to use the product for resale or for general business operations. D)by exchanges that take place only in a store or service establishment.

Description : Retailing is BEST characterised or define A)as transactions in which the buyer intends to consume the product through personal,family, or household use. B)by arrangements whereby a supplier grants a ... business operations. D)by exchanges that take place only in a store or service establishment.

Last Answer : A)as transactions in which the buyer intends to consume the product through personal,family, or household use.

What does ECS in banking transactions stand for ? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) lectronic Clearing Service

Description : What does ECS in banking transactions stand for ? (1) Excess Credit Supervisor (2) Extra Cash Status (3) Exchange Clearing Standard (4) lectronic Clearing Service 

Last Answer : lectronic Clearing Service

Why is currency accepted as a medium of exchange? -SST 10th

Description : Why is currency accepted as a medium of exchange? -SST 10th

Last Answer : . Modern forms of money include currency-paper notes and coins. . Modern currency is not made of precious metals such as gold, silver and copper. . The modern currency is without any use of its ... is allowed to issue currency. . No individual in India can legally refuse a payment made in rupees.

Why is modern currency accepted as a medium of exchange without any use of its own ? Find out the reason. -SST 10th

Description : Why is modern currency accepted as a medium of exchange without any use of its own ? Find out the reason. -SST 10th

Last Answer : Modern currency is accepted as a medium of exchange: 1. Modern currency is accepted as a medium of exchange because it is authorized by the central government of a country. 2. In India, RBI issues the ... to issue the currency. 3. The rupee cannot be refused legally as a medium of payment in India.

Modem currency is without any use of its own'; then why is it accepted as a medium of exchange ? -SST 10th

Description : Modem currency is without any use of its own'; then why is it accepted as a medium of exchange ? -SST 10th

Last Answer : Modern currency is accepted as a medium of exchange because it is authorised by the government of the country.

How is money used as a medium of exchange ? Explain with examples. -SST 10th

Description : How is money used as a medium of exchange ? Explain with examples. -SST 10th

Last Answer : Money is used as a medium of exchange by: 1. Goods and services can be bought and sold with the use of money. For example, someone who wants shoes can buy it with money and if someone wants ... it's the intermediary in the exchange process. Anything in the market can be bought and sold with it.

What is money ? Why is modern money currency accepted as a medium of exchange ? -SST 10th

Description : What is money ? Why is modern money currency accepted as a medium of exchange ? -SST 10th

Last Answer : Money is the medium of exchange used for exchanging goods, commodities or properties. Before money, barter system was present in the society, Modern money currency is accepted as a medium of exchange ... No individual can legally refuse payment in rupees so it is used as a medium of exchange.

Why is the rupee widely accepted as a medium of exchange? -SST 10th

Description : Why is the rupee widely accepted as a medium of exchange? -SST 10th

Last Answer : (i) In India, the Reserve Bank of India issues currency notes on behalf of the central government. (ii) As per Indian law, no other individual or organisation is allowed to issue currency. (iii ... legally refuse a payment made in rupees. Hence,the rupee is widely accepted as a medium of exchange.

What is money? Why is modern money currency accepted as a medium of exchange? -SST 10th

Description : What is money? Why is modern money currency accepted as a medium of exchange? -SST 10th

Last Answer : Money is something that can act as a medium of exchange in transactions. Everyone prefers to receive payments in money and then exchange the money for things they want. For example, take the case of ... a person holding money can easily exchange it for any commodity or service that he or she wants.

How is money used as a medium of exchange ? -SST 10th

Description : How is money used as a medium of exchange ? -SST 10th

Last Answer : Money acts as a medium of exchange in the following ways: (i) Overcomes the problem of double co-incidence of wants. For example, if a person needs wheat in exchange of tea, then he/she must search ... such searches redundant. (ii) Acts as a medium of deferred payment. (iii) Has a store value.

Why is modern currency accepted as a medium of exchange without any use of its own ? -SST 10th

Description : Why is modern currency accepted as a medium of exchange without any use of its own ? -SST 10th

Last Answer : Modern currency is accepted as a medium of exchange without any use of its own because: (i) Modern currency is authorized by the government of a country. (ii) In India, the Reserve Bank of ... settling transactions in India. (v) No individual in India can legally refuse a payment made in rupees.

‘‘The rupee is widely accepted as a medium of exchange.’’ Explain. -SST 10th

Description : ‘‘The rupee is widely accepted as a medium of exchange.’’ Explain. -SST 10th

Last Answer : The rupee is widely accepted as a medium of exchange because: (i) The currency is authorised by the government of the country. (ii) In India, the Reserve Bank of India issues currency notes ... legally refuse a payment made in rupees. Hence, the rupee is widely accepted as a medium of exchange.

What will happen if world stops using dollar as exchange medium?

Description : What will happen if world stops using dollar as exchange medium?

Last Answer : It would make international trade more difficult for US corporations, especially if our large trading partners said you must pay us in euros or we will only pay in euros . But really, it isn't ... would be, what occurred to have people getting out of dollars and into euros (or other currency)?

why is water used as a medium in so many heat exchange processes?

Description : why is water used as a medium in so many heat exchange processes?

Last Answer : it distributes heat energy uniformly

Portal is a system of a) A gateway to information or news about a range of services b) Communication Medium c) Medium of exchange d) Online payment medium

Description : Portal is a system of a) A gateway to information or news about a range of services b) Communication Medium c) Medium of exchange d) Online payment medium

Last Answer : a) A gateway to information or news about a range of services

1. Which of the following IS a function of money? a. medium of exchange b. store of value c. unit of accounting d. all of the above

Description : 1. Which of the following IS a function of money? a. medium of exchange b. store of value c. unit of accounting d. all of the above

Last Answer : a. medium of exchange

For which function money is accepted as a unit of account? (a) Measure of value. (b) Store of value. © Medium of exchange. (d) Standard of deferred payment.

Description : For which function money is accepted as a unit of account? (a) Measure of value. (b) Store of value. © Medium of exchange. (d) Standard of deferred payment.

Last Answer : (a) Measure of value.

Which of the following function does money serve when used to purchase or sell different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Description : Which of the following function does money serve when used to purchase or sell different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Last Answer : (b) Medium of exchange ;

Which of the following function does money serve when used to measure the prices of different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Description : Which of the following function does money serve when used to measure the prices of different goods and services? (a) Store of value ; (b) Medium of exchange ; (c) Standard of value ; (d) Display of power

Last Answer : (c) Standard of value ;

Why are transactions made in money? -SST 10th

Description : Why are transactions made in money? -SST 10th

Last Answer : . A person holding money can easily exchange it for any commodity or service that he or she might want. . Thus, everyone prefers to receive payments in money and then exchange the money ... manufacturer will first exchange shoe that he has produced for money and then exchange the money for wheat.

Identify transactions involving money in our day-to-day life. -SST 10th

Description : Identify transactions involving money in our day-to-day life. -SST 10th

Last Answer : There are several transactions involving money in any single day. 1.In many of these transactions, goods are being bought and sold with the use of money. It eliminates the need for double coincidence of ... might not be any actual transfer of money taking place now but a promise to pay money later.

Why are transactions made in money? -SST 10th

Description : Why are transactions made in money? -SST 10th

Last Answer : Money is accepted as a medium of exchange because the currency is authorised by the government of India. In money transactions, money can be paid for any goods or services one desires. For example : the ... wants it. One does not have to wait for another person to agree to an exchange of goods.

Give the reason why transactions are made in money. -SST 10th

Description : Give the reason why transactions are made in money. -SST 10th

Last Answer : A person holding money can easily exchange it for commodity or service that he/she might want.

Why are transactions made in money? Explain with suitable examples. -SST 10th

Description : Why are transactions made in money? Explain with suitable examples. -SST 10th

Last Answer : Everyone prefers to receive payments in money and then exchange the money for things they want. For example, take the case of a blacksmith. He wants to sell tools in the market and buy rice. ... a person holding money can easily exchange it for any commodity or service that he or she wants.

is the act of working in exchange for an income. -General Knowledge

Description : is the act of working in exchange for an income. -General Knowledge

Last Answer : Employment is the act of working in exchange for an income.

When will the Foreign Exchange Control Act come into force ?

Description : When will the Foreign Exchange Control Act come into force ?

Last Answer : The Foreign Exchange Control Act came into force in 1973 .

Which among the following is not a preventive detention act? (1) Terrorist and Disruptive Activities (Prevention) Act (TADA) (2) Prevention of Terrorism Act (POTA) (3) Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (COFEPOSA) (4) Foreign Exchange Regulation Act (FERA)

Description : Which among the following is not a preventive detention act? (1) Terrorist and Disruptive Activities (Prevention) Act (TADA) (2) Prevention of Terrorism Act (POTA) (3) Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (COFEPOSA) (4) Foreign Exchange Regulation Act (FERA)

Last Answer : (4) Foreign Exchange Regulation Act (FERA) Explanation: The Foreign Exchange Regulation Act (FERA) which was passed by the Indian Parliament in 1973 imposed stringent regulations on dealings in foreign ... exchange and the import and export of currency. Ti was not a preventive detention act.

The 73rd Constitutional amendment act is related to : (1) Foreign Exchange (2) Finance Commission (3) Panchayat Raj (4) RBI

Description : The 73rd Constitutional amendment act is related to : (1) Foreign Exchange (2) Finance Commission (3) Panchayat Raj (4) RBI

Last Answer : (3) Panchayat Raj Explanation: The Constitution (Seventy-third Amendment) Act, 1992 is related to Panchayati Raj in India. It added Part IX of the Constitution of India, related to Panchayats ... on which the Panchayats may be devolved with powers and responsibility by the State Legislatures by law.

The law regarding negotiable instruments is contained in __________ A. The Bill of exchange Act 1881 B. The Banking Regulation Act 1949 C. Cheques Act, 1881 D. The Negotiable Instruments Act, 1881

Description : The law regarding negotiable instruments is contained in __________ A. The Bill of exchange Act 1881 B. The Banking Regulation Act 1949 C. Cheques Act, 1881 D. The Negotiable Instruments Act, 1881

Last Answer : D. The Negotiable Instruments Act, 1881 Explanation: The Negotiable Instruments Act, 1881 – An Act to define and Law relating to negotiable instruments which are Promissory Notes, Bills of Exchange and cheques.

SMERA has been registered under _______ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 E. None of these

Description : SMERA has been registered under _______ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 E. None of these

Last Answer : D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 Explanation: SMERA has been registered under Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.

A Credit Bureau is governed by _________ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 E. Credit Information Companies (Regulation) Act of 2005

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Last Answer : E. Credit Information Companies (Regulation) Act of 2005 Explanation: A Credit Bureau is governed by the Credit Information Companies (Regulation) Act of 2005.

To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign ... Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : A. Payment and Settlement Systems (PSS) Act 2007. Explanation: To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of ... PSS) Act 2007. Bharat Bill Payment Operating Units (BBPOUs) will be the authorised operational units.

Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Description : Which allows banks and other financial institution to auction residential or commercial properties to recover loans? A. Industrial Disputes Act 1947 B. Foreign Exchange Management Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above

Last Answer : D. SARFAESI Act, 2002 Explanation: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the SARFAESI Act) is an ... allows banks and other financial institution to auction residential or commercial properties to recover loans.

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.

Securities Appellate Tribunal is a/an __________ established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992 A. Constitutional body B. Advisory body C. non-statutory body D. Statutory body E. None of the Above

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Last Answer : D. Statutory body Explanation: Securities Appellate Tribunal is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992 to hear and dispose of appeals against orders passed by the Securities and Exchange Board of India.

What are the important instruments under Indian Stamp Act, 1899? A. bill of exchange B. power of Attorney C. policy of insurance D. None of the Above E. All of the Above

Description : What are the important instruments under Indian Stamp Act, 1899? A. bill of exchange B. power of Attorney C. policy of insurance D. None of the Above E. All of the Above

Last Answer : E. All of the Above Explanation: Important Instruments are agreements, conveyances, exchange, gift, Certificate of sale, deed of partition, Power of Attorney to sell immovable property when given ... lading, debenture, letter of credit, policy of insurance, proxy, receipt and transfer of shares.

The latest government regulation in the telecommunication which provides policy for the provision of local exchange carrier service. A. E.O. 546 B. E.O. 109 C. Act 3948 D. E.O. 59

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A government regulation in telecommunication which provide policy to improve the provision of local exchange carrier service. A. E.O. 109 B. Act 3846 C. E.O. 59 D. E.O. 546

Description : A government regulation in telecommunication which provide policy to improve the provision of local exchange carrier service. A. E.O. 109 B. Act 3846 C. E.O. 59 D. E.O. 546

Last Answer : A. E.O. 109

The customs control based on the Indians customs act 1962 is for a) The imposition of export or import duties b) For ensuring the observance of the provisions of import and export control act c) For ensuring the observation of foreign exchange regulation act d) All of the above

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Last Answer : d) All of the above

The act of obtaining a desired object from someone by offering something in return is called 1. Transaction 2. Exchange 3. Relationship 4. Value 5. None of these

Description : The act of obtaining a desired object from someone by offering something in return is called 1. Transaction 2. Exchange 3. Relationship 4. Value 5. None of these

Last Answer : Exchange