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Class 10 Economics Chapter 3 Money And Credit Quiz 3 (60 MCQs)

Quiz Instructions

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1. Cooperative societies use ..... as collateral to obtain loan from banks.
2. The qualitative credit control measures of RBI doesn't include
3. Plastic money comprises of-
4. Modern forms of money include currency .....
5. What do banks do with the deposit which they accept from customer?
6. Which one of the following is the new way of providing loans to the rural poor?
7. The legal tender of money in Japan is called as
8. Which body (authority) supervises the functioning of formal sources of loans?
9. Goods are directly exchanged without the use of money in this system.
10. Which one of the following measure that the RBI takes to control credit when all other methods prove ineffective?
11. Barter system is a exchange of
12. Who issues currency notes on behalf of the Central Government of India?
13. People also have the provision to withdraw the money as and when they require the deposits in the bank accounts to be withdrawn, what are these deposits called?
14. RBI do not have the monopoly of issuing
15. By mobilizing the savings of the public and make these available for investors, thereby banks help in the process of
16. Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called .....
17. In a SHG, most of the decisions regarding loan activities are taken by:
18. Money-lenders usually demand a 'security' from the borrower. What is the formal word used for the 'security', such as land, vehicle, livestock, building, etc.?
19. More money purchasing less goods and services means
20. How do banks mediate between those who have surplus funds (the depositors) and those who are in need of these funds (the borrowers)?
21. The rate at which RBI lends fund to banks is
22. What prevents the poor from getting bank credit?
23. ..... is responsible for the repayment of the loans.
24. Which of the following is easy to get?
25. When a person wants to sell exactly what the other person wants to buy. This situation is known as
26. Currency is issued in India by:
27. Who is the founder of Grameen Bank of Bangladesh?
28. An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment refers to
29. No individual in India can legally refuse a payment made .....
30. Grameen Bank was started in:
31. Most of the important decisions regarding the savings and loan activities are taken by the .....
32. The first stage in the evolution of money is
33. Debit and Credit cards are the examples for
34. Which of the following is not used as money in the ancient past?
35. A typical SHG has ..... members.
36. Identify the condition when both the parties in a barter economy have to agree to sell and buy each others commodities? What is it called?
37. Which one of the following is the main source of credit for rich urban households in India?
38. In the monetary management of the country narrow money refers to
39. The legal tender of money used in USA is
40. In an SHG most of the decisions regarding savings and loan activities are taken by
41. Which among the following options will be the cheapest source of credit in rural areas?
42. Both parties, the seller and the buyer have to agree to sell and buy each other commodities.
43. Money acts as an intermediate in the exchange process
44. Organisation which supervises the credit activities of lenders in the informal sector-
45. The Reserve Bank of India supervises the functioning of ..... sources of loans.
46. Debt-trap means:
47. Double coincidence of wants is must for Barter system
48. What portion of deposits are kept by the banks for their day to day transaction?
49. Who is the Finance Minister of India?
50. Which one of the following is not a feature of money?
51. Most of the important decisions regarding the savings and loan activities are taken by the SHGs members
52. What is the double coincidence of wants?
53. In India, the ..... issues currency notes on behalf of the central government.
54. About what percentage of their deposits is kept as cash by the banks in India?
55. Bank loans require proper ..... and .....
56. Rate of interest charged by banks is ..... than the interest rates given by the banks:
57. Banks provide a higher rate of interest on which of the following accounts?
58. An agreement in which lender supplies the borrower with money, goods or services in return for promise of future payment refers to .....
59. ..... is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.
60. One Rupee is issued and circulated by RBI on behalf of
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