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Deposits in the bank accounts can be withdrawn on demand, therefore these deposits are called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

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 :

__________ 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 :

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 :

A typical SHG has ____________ members, usually belonging to one neighbourhood, who meet and save regularly.


Answer :

50 - 60
25 - 30
20 - 25
15 - 20


Question :

Almost all of the borrowers of Grameen Bank of Bangladesh are


Answer :

Men
Women
Senior citizens
All of them


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 :

Formal sector meets only about ____________ of the total credit needs of the rural people(in 2003)


Answer :

one third
one fourth
half
whole


Question :

Terms of credit does not include


Answer :

Interest rate
Collateral
Cheque
Mode of repayment


Question :

Both parties agree to sell and buy each others commodities


Answer :

Measure of value
Store of value
Double coincidence of wants
Credit