This quiz works best with JavaScript enabled. Home > Class 10 > Class 10 Economics Chapter 3 Money And Credit – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 10 Economics Chapter 3 Money And Credit Quiz 10 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What was used as a commodity money in China A) Gold. B) Sheep. C) Cattle. D) Teeth. Show Answer Correct Answer: D) Teeth. 2. The oldest existing central bank "Riks bank" is situated in A) Spain. B) Germany. C) Sweden. D) France. Show Answer Correct Answer: C) Sweden. 3. Which authority regulate and overlook the credit sysetm and economic activites in India A) Nsso nsso. B) CBI. C) Finance Minister. D) RBI. Show Answer Correct Answer: D) RBI. 4. Who issues one rupee note in the country? A) Ministry of commerce and industries. B) Reserve bank of India. C) Ministry of finance. D) National stock exchange. Show Answer Correct Answer: C) Ministry of finance. 5. Which one of the following agencies issues currency notes above one Rupees in India? A) Ministry of Finance. B) Reserve Bank of India. C) State Bank of India. D) World Bank. Show Answer Correct Answer: B) Reserve Bank of India. 6. Deposits in the bank accounts can be withdrawn on demand, therefore these deposits are called A) Returnable deposits. B) Acceptable Deposits. C) Demand deposits. D) None of the above. Show Answer Correct Answer: C) Demand deposits. 7. The currency notes on behalf of the Central Government are issued by whom? A) State Bank of India. B) Reserve Bank of India. C) Punjab National Bank. D) Central Bank of India. Show Answer Correct Answer: B) Reserve Bank of India. 8. The modern forms of money include ..... and ..... A) Currency notes; gold-silver coins. B) Coins; currency notes. C) All the above. D) None of the above. Show Answer Correct Answer: B) Coins; currency notes. 9. Akash is a college lecturer and wants to take a loan for about Rs 10 lakhs for buying a car. Where do you think he should take a loan? A) Banks. B) Money lender. C) Cooperatives. D) Friends. Show Answer Correct Answer: A) Banks. 10. A demand deposit is the ..... A) Interest paid on a deposit. B) Amount you can take as a loan. C) Facility to withdraw money at any time. D) Facility to open a bank account on demand. Show Answer Correct Answer: C) Facility to withdraw money at any time. 11. Banks accept the deposits and also pay an amount as ..... on the deposits. A) Profit. B) Interest. C) Divident. D) None of the above. Show Answer Correct Answer: B) Interest. 12. Which one of the following agencies issues currency notes on behalf of the government of India? A) Ministry of Finance. B) Reserve Bank of India. C) State Bank of India. D) World Bank. Show Answer Correct Answer: B) Reserve Bank of India. 13. The modern currency is without any use of its own A) Correct. B) Incorrect. C) All the above. D) None of the above. Show Answer Correct Answer: A) Correct. 14. In which country is Grameen bank meeting the needs of 6 million poor people? A) 1.Bhutan. B) 2.Sri Lanka. C) 3.Bangladesh. D) 4.Nepal. Show Answer Correct Answer: C) 3.Bangladesh. 15. Poor people gets their loan mostly from A) Formal. B) Informal. C) All the above. D) None of the above. Show Answer Correct Answer: B) Informal. 16. Currency (coins and notes) is a ..... which cannot be refused in payment for transactions. A) Legal tender. B) Illegal tender. C) All the above. D) None of the above. Show Answer Correct Answer: A) Legal tender. 17. What is the form of money in medieval period? A) Cowries. B) Paper Notes. C) Metallic Coins. D) Barter System. Show Answer Correct Answer: C) Metallic Coins. 18. The central Bank of India is A) Reserve Bank of India. B) State Bank of India. C) Indian overseas Bank. D) State Bank of Mysore. Show Answer Correct Answer: A) Reserve Bank of India. 19. The functioning of the formal source of credit is supervised by: A) Reserve Bank of India. B) State Bank of India. C) Finance Ministry. D) Businessman. Show Answer Correct Answer: A) Reserve Bank of India. 20. ..... and ..... credit is crucial for the country's development A) Accessible and affordable. B) Timely and feasible. C) Less and high amount of. D) Cheap and affordable. Show Answer Correct Answer: D) Cheap and affordable. 21. Loan borrowed from Muthoot FinCorp is a A) Formal Loan. B) Informal Loan. C) All the above. D) None of the above. Show Answer Correct Answer: A) Formal Loan. 22. Which one of the following is not a function of RBI A) Monopoly of note issue. B) Controller of credit. C) Promotion of Banking Habits. D) Minting of Coins. Show Answer Correct Answer: D) Minting of Coins. 23. For the purposes of monetary management, M3 and M4 are referred to as A) Narrow money. B) Representative money. C) Commodity money. D) Broad money. Show Answer Correct Answer: D) Broad money. 24. Who issues the currency notes in India A) Securities and exchange board of india. B) Reserve bank of india. C) All nationalised banks. D) Any individual organisation. Show Answer Correct Answer: B) Reserve bank of india. 25. In India, the ..... of India issues currency notes on behalf of the central government A) The Reserve Bank of India. B) The Federal Bank of India. C) The Central Bank of India. D) The World Bank. Show Answer Correct Answer: A) The Reserve Bank of India. ← PreviousNext →Related QuizzesClass 10 Economics Chapter 3 Money And Credit Quiz 1Class 10 Economics Chapter 3 Money And Credit Quiz 2Class 10 Economics Chapter 3 Money And Credit Quiz 3Class 10 Economics Chapter 3 Money And Credit Quiz 4Class 10 Economics Chapter 3 Money And Credit Quiz 5Class 10 Economics Chapter 3 Money And Credit Quiz 6Class 10 Economics Chapter 3 Money And Credit Quiz 7Class 10 Economics Chapter 3 Money And Credit Quiz 8Class 10 Economics Chapter 3 Money And Credit Quiz 9Class 10 Economics Chapter 3 Money And Credit Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books