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Econ: money > Economy notes upto Cashless economy > Flashcards

Economy notes upto Cashless economy Flashcards

1
Q

Barter problems

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2
Q

3 types of money functions and examples

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3
Q

Commodity money examples

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4
Q

Metallic money: Gold coins examples

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5
Q

Advantages of metallic money?

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6
Q

Silver coin examples

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7
Q

Why was there a decline in quality of coins in medeival India?

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8
Q

What were the 3 responses to the decline of quality of gold coins in medeival India?

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9
Q

What are full bodies coins?

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10
Q

What are token coins?

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11
Q

What is fiat money?

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12
Q

What is legal tender?

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13
Q

Whar are the two acts under which government issues currency?

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14
Q

Why coins are limited legal tender?

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15
Q

Why currency notes are unlimited legal tender?

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16
Q

Which act imposes limitations on notes as legal tender?

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17
Q

Who has designed rupee symbol?

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18
Q

What are the 2 features in our currency notes for VI People?

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19
Q

What is representative money?

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20
Q

Is fiat money representative? Was it ever?

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21
Q

What are the 3 financial features of a bank note?

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22
Q

What is the act governing issue of cheques in India?

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23
Q

Who passed the act governing Cheques in India?

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24
Q

How does the act relating to Cheques work in India

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25
Q

In increasing technological complexity, what are the 3 technologies for automated cheque clearance

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26
Q

Who operates Cheque Truncation system?

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27
Q

What is Core Banking solution?

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28
Q

What is RBI’s CBS used for?

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29
Q

What are the 3 net banking solutions under RBI?

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30
Q

What are the different aims of the 3 net banking solutions under RBI?

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31
Q

What is NPCI?

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32
Q

What are the 3 main payment mechanisms under NPCI

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33
Q

Who had launched IMPS?

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34
Q

What agencies can use IMPS?

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35
Q

Time limit for IMPS, if any?

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36
Q

Difference between push and pull transactions?

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37
Q

Can you do both push and pull with UPI?

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38
Q

BHIM is under which agency?

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39
Q

Speciality of QR Code?

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40
Q

What Adhar Enabled Payment Systems use?

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41
Q

RBI has issued guidelines regarding interoperability in wallets. Which act gives RBI power to do so?

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42
Q

Are PPIs regulated by RBI? Under what act?

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43
Q

How Cards/ Plastic money works?

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44
Q

Cards are operated by whom under NPCI

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45
Q

What is NPCI’s own card?

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46
Q

What has been done to increase Rupay’s reach?

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47
Q

Explain how Rupay is like a regular card?

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48
Q

The 3 components of National Common Mobility Card?

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49
Q

The main agency to develop NCMC?

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50
Q

What are the 2 different card technolgies?

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51
Q

Rbi regulation on magnetic technology in cards?

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52
Q

Explain tokenisation?

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53
Q

Who operates ATM? Hint?:- same agency as IMPS

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54
Q

What is Bankmitra

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Econ: money (4 decks)

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