Economics-Money and Credit (CBSE Class-10 Social-Science): Questions 24 - 30 of 35

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Question number: 24

» Economics » Money and Credit » Modern Forms of Money

MCQ▾

Question

In India who issues currency notes on behalf of the central government?

Choices

Choice (4) Response

a.

Indian Bank

b.

Central Bank

c.

Reserve Bank of India

d.

State Bank of India

Question number: 25

» Economics » Money and Credit » Modern Forms of Money

MCQ▾

Question

Modern currency is not made of ________

Choices

Choice (4) Response

a.

Silver

b.

Copper

c.

Gold

d.

All a. , b. and c. are correct

Question number: 26

» Economics » Money and Credit » Terms of Credit

MCQ▾

Question

Among the following for which purposes Krishal Cooperative provides loan to its members?

Choices

Choice (4) Response

a.

Fishery loans

b.

Cultivation and agricultural trade

c.

Purchase of agricultural implements

d.

All a. , b. and c. are correct

Question number: 27

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

Short Answer Question▾

Write in Short

From the following character identify the sector to which I belong to?

  1. Rates of interest are not fixed
  2. Money lender can charge interest whatever they choose
  3. Unfair means to get their money.

Question number: 28

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

MCQ▾

Question

Among the following who will not come under the informal sector?

Choices

Choice (4) Response

a.

Relatives

b.

Money lender

c.

Banks

d.

Friends

Question number: 29

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

True-False▾

Following Statement is true or false:

Banks and cooperatives increase their lending particularly in the rural areas, so that the

dependence on informal sources of credit reduces.

Question number: 30

» Economics » Money and Credit » Loan Activities of Banks

True-False▾

Following Statement is true or false:

The difference between what is charged from borrowers and what is paid to depositors is their main source of income.

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