Economics-Money and Credit (CBSE Class-10 Social-Science): Questions 17 - 23 of 35

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Question number: 17

» Economics » Money and Credit » Terms of Credit

MCQ▾

Question

Besides banks, the other major source of cheap credit in rural areas is the ________.

Choices

Choice (4) Response

a.

Traders

b.

Money lender

c.

Cooperatives

d.

Relatives

Question number: 18

» Economics » Money and Credit » Terms of Credit

MCQ▾

Question

Terms of credit includes________

Choices

Choice (4) Response

a.

Documentation requirement

b.

Collateral

c.

Interest rate,

d.

All a. , b. and c. are correct

Question number: 19

» Economics » Money and Credit » Formal Sector Credit in India

MCQ▾

Question

Who charge a much higher interest on loans?

Choices

Choice (4) Response

a.

Lender

b.

Informal lender

c.

Formal lender

d.

None of the above

Question number: 20

» Economics » Money and Credit » Two Different Credit Situations

MCQ▾

Question

Among the following for which purpose the people in rural areas demand for credit?

Choices

Choice (4) Response

a.

Crop

b.

Business

c.

Trade

d.

All of the above

Question number: 21

» Economics » Money and Credit » Terms of Credit

MCQ▾

Question

Which one of the following will not include in the cooperatives?

Choices

Choice (4) Response

a.

Industrial workers cooperatives

b.

Mortgage Bank

c.

Farmers cooperatives

d.

Weavers cooperatives,

Question number: 22

» Economics » Money and Credit » Money as a Medium of Exchange

MCQ▾

Question

Which one of the following is generally accepted by the people in exchange of goods and services or in repayment of debts?

Choices

Choice (4) Response

a.

Money

b.

Gold coins

c.

Silver coins

d.

Question does not provide sufficient data or is vague

Question number: 23

» Economics » Money and Credit » Modern Forms of Money

MCQ▾

Question

________is a paper instructing the bank to pay a specific amount from the person’s account to the person in whose name the cheque has been issued.

Choices

Choice (4) Response

a.

Bills of exchange

b.

Promissory notes

c.

Cheque

d.

None of the above

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