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CBSE Notes 2011-2012 » Money and Credit - Class 10 Social Science MCQs (Free Practice Test)

Money and Credit - Class 10 Social Science MCQs (Free Practice Test)


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A select subset of questions has been made available here.
You can use this for preparation purpose.
Once you are ready, click on 'Take Quiz' to start the QUIZ.
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Question :

Deposits in the bank accounts can be withdrawn on demand, therefore these deposits are called


Answer :

Returnable deposits
Acceptable Deposits
Demand deposits
None of the above


Question :

Almost all of the borrowers of Grameen Bank of Bangladesh are


Answer :

Men
Women
Senior citizens
All of them


Question :

Terms of credit does not include


Answer :

Interest rate
Collateral
Cheque
Mode of repayment


Question :

It is important that the formal credit is distributed more equally so that


Answer :

Poor can benefit from cheaper loans
Rich can get costly loans
Rich can get cheaper loans
None of the above


Question :

Who issues currency notes on behalf of the central government ?


Answer :

Private sector
State government
New Delhi
RBI


Question :

It is a paper instructing the bank to pay a specific amount from the person's account to the person in whose name it has been made is


Answer :

Paper note
Cheque
Chit fund
Credit card


Question :

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


Question :

After a year or two, if the SHG is regular in savings, it becomes eligible for availing loan from


Answer :

Cooperative societies
Money lenders
Bank
Traders


Question :

Both parties agree to sell and buy each others commodities


Answer :

Measure of value
Store of value
Double coincidence of wants
Credit


Question :

__________ help borrowers overcome the problem of lack of collateral and also they are
the building blocks of organisation of the rural poor.


Answer :

Government
Banks
Private sector
SHGs