Economics-Money and Credit (CBSE Class-10 Social-Science): Questions 31 - 35 of 35

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Question number: 31

» Economics » Money and Credit » Self-Help Groups

MCQ▾

Question

Give expansion for SHGs

Choices

Choice (4) Response

a.

Support – helping group

b.

Sufficient helping group

c.

Small groups

d.

Small help groups

Question number: 32

» Economics » Money and Credit » Loan Activities of Banks

MCQ▾

Question

Banks use the major portion of the ________to extends loans.

Choices

Choice (4) Response

a.

Deposits

b.

Demand drafts

c.

Credits

d.

Question does not provide sufficient data or is vague

Question number: 33

» Economics » Money and Credit » Two Different Credit Situations

True-False▾

Following Statement is true or false:

Deposits refers to an agreement in which the lender supplies the borrower with

money, goods or services in return for the promise of future payment.

Question number: 34

» Economics » Money and Credit » Terms of Credit

True-False▾

Following Statement is true or false:

Collateral is a liability that the borrower owns and uses this as a guarantee to a lender until the loan is repaid.

Question number: 35

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

MCQ▾

Question

Who supervises the functioning of formal sources of loans?

Choices

Choice (4) Response

a.

State Bank of India

b.

Indian Bank

c.

Central Bank

d.

Reserve Bank of India

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