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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 :

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 :

Almost all of the borrowers of Grameen Bank of Bangladesh are


Answer :

Men
Women
Senior citizens
All of them


Question :

Banks use the major portion of the deposits to


Answer :

Keep as reserve so that people may withdraw
Meet their routine expenses
Extend loans
Meet renovation of bank


Question :

Contribution of commercial banks as a source of credit for rural households in India in 2003 was


Answer :

30%
28%
25%
26%


Question :

An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment.


Answer :

Credit (loan)
Chit fund
Bank
Cheque


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 :

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)


Question :

Organisation which supervises inactivities of lenders in the infornLal secto


Answer :

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


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


Question :

Salim, the shoe manufacturer, to meet expenses obtains loans from two sources.
(i) Asks leather supplier to supply leather on credit (ii)Bank
(iii) Obtains loan in cash as advance payment
(iv) Relatives


Answer :

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