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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 :

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 :

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 :

Who issues currency notes on behalf of the central government ?


Answer :

Private sector
State government
New Delhi
RBI


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 :

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


Answer :

Private sector
Public sector
Government
People


Question :

Anything which is generally accepted by the people in exchange of goods and services


Answer :

Money
Barte
Credit
Loans


Question :

Compared to the formal lenders most of the informal lenders charge a much _________ interest on loans


Answer :

Lower
Constant
Higher
No interest


Question :

Money acts as an intermediate in the exchange process. Which function of money is highlighted here ?


Answer :

Measure of value
Medium of Exchange
Store of value
All of them


Question :

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


Answer :

30%
28%
25%
26%


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)