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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 :

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 :

Both parties agree to sell and buy each others commodities


Answer :

Measure of value
Store of value
Double coincidence of wants
Credit


Question :

Almost all of the borrowers of Grameen Bank of Bangladesh are


Answer :

Men
Women
Senior citizens
All of them


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 :

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 :

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 :

Krishak cooperative functioning in a village near Sonpur has _________ farmers as members.


Answer :

2500
2400
2350
2300


Question :

Organisation which supervises inactivities of lenders in the infornLal secto


Answer :

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


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 :

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


Answer :

Money
Barte
Credit
Loans