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CBSE Notes 2011-2012 » X-Social Science-Term2

Money and Credit

Who issues currency notes on behalf of the central government ?

Multiple choice question

Who issues currency notes on behalf of the central government ?

Deposits in the bank accounts can be withdrawn on demand, therefore these deposits are called

Multiple choice question

Deposits in the bank accounts can be withdrawn on demand, therefore these deposits are called

It is a paper instructing the bank to pay a specific amount from the person's account to the person ...

Multiple choice 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

Banks use the major portion of the deposits to

Multiple choice question

Banks use the major portion of the deposits to

An agreement in which the lender supplies the borrower with money, goods or services in return for t...

Multiple choice question

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

Salim, the shoe manufacturer, to meet expenses obtains loans from two sources. (i) Asks leather sup...

Multiple choice 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

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