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Deposits in the bank accounts can be withdrawn on demand, therefore these deposits are called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

Organisation which supervises inactivities of lenders in the infornLal secto


Answer :

No organisation
Reserve Bank of India (RBI)
State Government
Central Government


Question :

Who issues currency notes on behalf of the central government ?


Answer :

Private sector
State government
New Delhi
RBI


Question :

Terms of credit does not include


Answer :

Interest rate
Collateral
Cheque
Mode of repayment


Question :

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


Question :

Money is accepted as a medium of exchange because the currency is authorised by


Answer :

Private sector
Public sector
Government
People


Question :

Direct exchange of goods against goods without use of money is known as


Answer :

Debt trap
Barter system
Money system
None of the above


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 :

In a SHG most of the decisions regarding savings and loan activities are taken by


Answer :

Banks
Member
Non-government organisation


Question :

Whether credit would be useful or not, depends on
(i) Whether there is some support in case of loss
(ii) Action of competitors
(iii) Market response
(iv) Risks in the situation


Answer :

(i) and (iii)
(ii) and (iv)
(ii) and (iii)
(i) and (iv)