i want a economies best bookMoney and Credit - Class 10 Social Science MCQs (Free Practice Test)
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Krishak cooperative functioning in a village near Sonpur has _________ farmers as members.
Answer :
| 2500 | |
| 2400 | |
| 2350 | |
 | 2300 |
Formal sector meets only about ____________ of the total credit needs of the rural people(in 2003)
Answer :
| one third | |
| one fourth | |
| half |
| whole |
In a SHG most of the decisions regarding savings and loan activities are taken by
Answer :
| Banks | |
| Member |
| Non-government organisation |
An asset that the borrower owns and uses this as a guarantee to a lender until the loan is repaid.
Answer :
| Bilateral | |
| Collateral |
| Collateral | |
| Terms of credit |
Money acts as an intermediate in the exchange process. Which function of money is highlighted here ?
Answer :
| Measure of value | |
| Medium of Exchange |
| Store of value | |
| All of them |
Compared to the formal lenders most of the informal lenders charge a much _________ interest on loans
Answer :
| Lower | |
| Constant | |
| Higher |
| No interest |
Both parties agree to sell and buy each others commodities
Answer :
| Measure of value | |
| Store of value | |
| Double coincidence of wants |
| Credit |
Who issues currency notes on behalf of the central government ?
Answer :
| Private sector | |
| State government | |
| New Delhi | |
| RBI |
Formal sector loans include loans from
(i) Banks (ii) Money lenders
(iii) Cooperatives (iv)Traders
Answer :
| (i) and (iii) |
| (i) and (iii) | |
| (ii) and (iii) | |
| (i) and (iv) |
Organisation which supervises inactivities of lenders in the infornLal secto
Answer :
| No organisation |
| Reserve Bank of India (RBI) | |
| State Government | |
| Central Government |
