Money and Credit MCQs Mock Test 10th Class S.St.

Welcome to your Money and Credit MCQs Mock Test 10th Class S.St.

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Question 1. Currency is issued in India by :
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Question 2. The part of the total deposits which a bank keeps with itself in cash is
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Question 3. System of exchanging goods for goods is called:
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Question 4. Money
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Question 5. Which one of the following is a formal source of credit?
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Question 6. Which one of the following is the appropriate meaning of collateral?
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Question7. Which one of the following is a modern form of currency?
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Question 8. Which one of the following is the newer way of providing loans to the rural poor, particularly women?
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Question 9. Which of the following is the main informal source of credit for rural households in India?
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Question 10. Name the system in which the double coincidence of wants is an essential feature.
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Question 11. Grameen Bank of Bangladesh was started in
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Question 12 In a SHG, most of the decisions regarding loan activities are taken by
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Question 13. Which of the following is not an informal source of credit?
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Question 14. In which country is the Grameen Bank meeting the credit needs of over 6 million poor people?
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Question 15. Which is not the main source of credit from the following for rural households in India?
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Question 16. What portion of deposits are kept by the banks for their day to day transaction?
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Question 17. Which households take more loans from the formal sector?
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Question 18. Which among these is an essential feature of barter system?
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Question 19. Which one of the following is the main source of credit for the rich households?
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Question 20. Which one of the following is not a formal source of credit?
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Question 21. Which one of the following agencies issues currency notes on behalf of the government of India?
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Question 22. Formal Sources of credit include :
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Question 23. Which one of the following is NOT an informal sector loans for poor rural household in India?
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Question 24. Which one of the following is not a modern form of money?
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Question 25. Identify the formal source of credit:
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Question 26. Who helps the borrowers to overcome the problem of lack of collateral?
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Question 27. Which of the following is not a modern form of money?
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Question 28. Formal sources of credit include
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Question 29. Rate of interest charged by moneylenders as compared to that charged by banks is:
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Question 30. Which state accounts for maximum percentage of SHGs (self-help groups) in bank credit?
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Question 31. Who supervises the credit activities of lenders in the informal sector?
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Question 32. At present which form of money is increasingly used apart from paper money?
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Q33. In an SHG most of the decisions regarding savings and loan activities are taken by
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Q34. In rural areas, the main demand for credit is for …………….
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Q35. ………………….is an asset that the borrower owns (such as land, building, vehicle, livestock, deposits with banks) and uses this as a guarantee to a lender until the loan is repaid?
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Q36. Interest rate, collateral and documentation requirement, and the mode of repayment together comprise what is called the …………..?
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Q37. Which organizations arrange formal sector loans?
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Q38. According to the information given on formal and informal loans how much of the loan is taken by the poor household from informal sources?
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Q39. Which is one of the major reasons which prevent the poor from getting bank loans?
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Q40. ……………..costs of borrowing increase the debt-burden?
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Q41. What kind of loans do members of SHG take?
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Q42. RBI sees that the banks give loans not just to profit-making businesses and traders but also to………..?
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Q43. According to the information given on formal and informal loans how much of a loan is taken by the rich household from informal sources?
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Q44. Grameen Bank of Bangladesh is one of the biggest success stories, in 2018 it had over …. million members in about 81,600 villages.
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Q45. In situations with high risks, credit might create further problems for the borrower, what is it called?
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Q46. What is the aim of the loans sanctioned to SHG?
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Q47. Surrender of notes to the bank by the government by a specific period and receive new currency notes is called…….
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Q48. Give an example of digital banking?
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Q49. What is the double coincidence of wants?
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Q50. What eliminates the need for double coincidence of wants?

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