Class 10 Economics Chapter 3 Money And Credit Quiz 5 (10 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Loans provided by the institutions that are monitored by RBI is called

Correct Answer: B) Informal loan.

2. Number of Reserve Banks in a country is

Correct Answer: A) One.

3. Cattle was used as commodity money in

Correct Answer: D) Greece.

4. The deposits having a fixed period of maturity are called as

Correct Answer: B) Time deposits.

5. What is the full form of SHG

Correct Answer: C) Self help group.

6. The legal tender of money is called as Yuvan in

Correct Answer: A) China.

7. In India how many measures of money supply are used to measure the monetary stock, and they are

Correct Answer: A) 4;M1, M2, M3, M4.

8. It is important that the formal credit is distributed more equally so that

Correct Answer: A) Poor can benefit from cheaper loans.

9. What eliminates the need for double coincidence of wants?

Correct Answer: D) Money.

10. A situation in which more persons are employed on a job than are optimally required is:

Correct Answer: C) Disguised unemployment.