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

Question 1. Currency is issued in India by :

Question 2. The part of the total deposits which a bank keeps with itself in cash is

Question 3. System of exchanging goods for goods is called:

Question 4. Money

Question 5. Which one of the following is a formal source of credit?

Question 6. Which one of the following is the appropriate meaning of collateral?

Question7. Which one of the following is a modern form of currency?

Question 8. Which one of the following is the newer way of providing loans to the rural poor, particularly women?

Question 9. Which of the following is the main informal source of credit for rural households in India?

Question 10. Name the system in which the double coincidence of wants is an essential feature.

Question 11. Grameen Bank of Bangladesh was started in

Question 12 In a SHG, most of the decisions regarding loan activities are taken by

Question 13. Which of the following is not an informal source of credit?

Question 14. In which country is the Grameen Bank meeting the credit needs of over 6 million poor people?

Question 15. Which is not the main source of credit from the following for rural households in India?

Question 16. What portion of deposits are kept by the banks for their day to day transaction?

Question 17. Which households take more loans from the formal sector?

Question 18. Which among these is an essential feature of barter system?

Question 19. Which one of the following is the main source of credit for the rich households?

Question 20. Which one of the following is not a formal source of credit?

Question 21. Which one of the following agencies issues currency notes on behalf of the government of India?

Question 22. Formal Sources of credit include :

Question 23. Which one of the following is NOT an informal sector loans for poor rural household in India?

Question 24. Which one of the following is not a modern form of money?

Question 25. Identify the formal source of credit:

Question 26. Who helps the borrowers to overcome the problem of lack of collateral?

Question 27. Which of the following is not a modern form of money?

Question 28. Formal sources of credit include

Question 29. Rate of interest charged by moneylenders as compared to that charged by banks is:

Question 30. Which state accounts for maximum percentage of SHGs (self-help groups) in bank credit?

Question 31. Who supervises the credit activities of lenders in the informal sector?

Question 32. At present which form of money is increasingly used apart from paper money?

Q33. In an SHG most of the decisions regarding savings and loan activities are taken by

Q34. In rural areas, the main demand for credit is for …………….

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?

Q36. Interest rate, collateral and documentation requirement, and the mode of repayment together comprise what is called the …………..?

Q37. Which organizations arrange formal sector loans?

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?

Q39. Which is one of the major reasons which prevent the poor from getting bank loans?

Q40. ……………..costs of borrowing increase the debt-burden?

Q41. What kind of loans do members of SHG take?

Q42. RBI sees that the banks give loans not just to profit-making businesses and traders but also to………..?

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?

Q44. Grameen Bank of Bangladesh is one of the biggest success stories, in 2018 it had over …. million members in about 81,600 villages.

Q45. In situations with high risks, credit might create further problems for the borrower, what is it called?

Q46. What is the aim of the loans sanctioned to SHG?

Q47. Surrender of notes to the bank by the government by a specific period and receive new currency notes is called…….

Q48. Give an example of digital banking?

Q49. What is the double coincidence of wants?

Q50. What eliminates the need for double coincidence of wants?