MCQ’s on Money and Credit for Class 10 Economics | Quiz 1

MCQ’s on Money and Credit for Class 10 Economics | Quiz 1

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MCQ's on Money and Credit for Class 10 Economics | Quiz 1

1 / 30

People deposit money in the bank because
(1) Get interest.
(2) Money remains secured.
(3) Money is used in country's development.
(4) Value of money increases.

2 / 30

It is necessary that banks and cooperatives increase their lending particularly in rural areas becuase :

3 / 30

There are 100 households in the village of Awangkhul, of which the loan taken by 20 households are from the State Bank of India, another 20 households from their friends and relatives, 5 households from Indian Bank, 10 households from a Regional Rural Bank, 15 households from businessmen, 10 households from village headmen and 20 households from cooperative societies. Which of the following inference(s) is/are correct?
I. Formal sources of credit are lower than the others.
II. Institutional sources of credit are higher than others.
III. Non-institutional sources of credit are higher than others.
IV. Informal sources of credit are slightly higher than others.

4 / 30

Who issues currency notes on behalf of the government of India?

5 / 30

Which organisation supervises the credit activities in formal sector?

6 / 30

The source of institutional credit is ________.

7 / 30

Who are taken most of the decisions regarding loan activities in a SHG?

8 / 30

Which of the following is not a modern form of currency?

9 / 30

Moneylenders usually demand a 'security' from the borrower. What is the formal word used for 'security'?

10 / 30

The formal source of credit is ___________.

11 / 30

Example of barter exchange is :

12 / 30

Who constitutes the money in modern day economy?

13 / 30

The term 'Credit' refer to __________.

14 / 30

Which of the following are included in the modern forms of currency?

15 / 30

What are called the deposits sharing the essential feature of money?

16 / 30

Interest rate, collateral, documentation requirement and the mode of repayment is known as

17 / 30

Rate of interest charged by moneylenders as compared to that charged by banks is ___________.

18 / 30

The problem of double coincidence of wants is solved with the introduction of

19 / 30

Which currency notes and coins are issued by the Ministry of Finance in India?

20 / 30

Which of the following does not include in terms of credit?

21 / 30

Which one of the following is the main drawback of Barter system?

22 / 30

Professor Muhammad Yunus was awarded Nobel peace prize in __________.

23 / 30

The founder of Gramin Bank of Bangladesh was __________.

24 / 30

What do you mean by collateral?

25 / 30

The important characteristic of modern form of currency is _______________.

26 / 30

Who helps the borrowers to overcome the problem of lack of collateral?

27 / 30

We accept paper money as a medium of exchange because

28 / 30

Which among the following is not an informal sector loans for poor rural household in India?

29 / 30

How membership in a Self Help Group helps a poor rural woman?

30 / 30

How much percent of the loans taken by well-off households in the urban areas are from formal sources.

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