12. Supply of money refers to _____ (Choose the correct alternative). a. currency held by the public b. currency held by Reserve Bank of India (RBI) c. currency held by the public and demand deposits with commercial banks 13. There exists _____ relation between reserve requirements and total deposit created in the economy. a) Direct b) Inverse c) can't say d) none of these 14. When commercial banks fail to meet its financial requirement from all other sources, it approaches central at the last. This makes the central bank as _____. a) Clearing house c) Bank of issue b) custodian of cash reserve d) lender of last report 15. When value of money multiplier is 25 and value of CRR is 1%, the value of SLR is a) 1% b) 2% c) 3% d) 4% 16. Which of the following does not qualify for "banker's bank" function of RBI? a) Keeps the cash reserves of the commercial banks in its custody. b) Managing the public debt. c) Advancing loans to commercial banks. d) Settling interbank claims.

The supply of money refers to c. currency held by the public and demand deposits with commercial banks. This is because the supply of money in an economy is not just the physical currency, but also includes the money held in checking accounts in banks which can be easily accessed by the public.

There exists b. Inverse relation between reserve requirements and total deposit created in the economy. This is because the higher the reserve requirement, the less money banks have to lend out, which reduces the total deposit created in the economy.

When commercial banks fail to meet its financial requirement from all other sources, it approaches central at the last. This makes the central bank as d. lender of last report. The central bank acts as a lender of last resort by providing financial assistance to banks in times of financial crisis.

The value of SLR (Statutory Liquidity Ratio) is not directly related to the value of money multiplier and CRR (Cash Reserve Ratio). Therefore, without additional information, it is not possible to determine the value of SLR.

The function that does not qualify for "banker's bank" function of RBI is b. Managing the public debt. This is because managing the public debt is a function of the government, not the central bank. The central bank's role as a banker's bank involves functions like keeping the cash reserves of commercial banks, advancing loans to commercial banks, and settling interbank claims.