Welcome to cbsenotes.com! To post messages or access any member only section, you will need an account. Create your free account now.
Already a member ? Click here to login
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)


************************************************
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.
***********************************************

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 :

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


Answer :

30%
28%
25%
26%


Question :

Almost all of the borrowers of Grameen Bank of Bangladesh are


Answer :

Men
Women
Senior citizens
All of them


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 :

Who issues currency notes on behalf of the central government ?


Answer :

Private sector
State government
New Delhi
RBI


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 :

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


Answer :

one third
one fourth
half
whole


Question :

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


Answer :

Lower
Constant
Higher
No interest


Question :

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


Answer :

Money
Barte
Credit
Loans


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)