Chapter 3 : Money and Credit
1 / 50
Expansion of formal sector credit is necessary because:
2 / 50
Banks provide loans mainly from:
3 / 50
Which of the following best explains credit?
4 / 50
What is the primary objective of Self Help Groups?
5 / 50
Which of the following is NOT included in the informal sector credit?
6 / 50
What does a bank account holder receive for deposits?
7 / 50
Which is the safest source of borrowing?
8 / 50
Which among the following provides rural credit at lower rates?
9 / 50
Banks maintain a small portion of deposits as:
10 / 50
Why are demand deposits considered money?
11 / 50
Which one is an example of modern currency?
12 / 50
Currency is accepted as a medium of exchange because:
13 / 50
Which institution is known as the central bank of India?
14 / 50
Which of the following is an advantage of formal credit?
15 / 50
A high interest rate on loans may lead borrowers to:
16 / 50
Farmers often need credit for:
17 / 50
Which of the following can be harmful in certain situations?
18 / 50
Credit refers to an agreement in which:
19 / 50
Which organization issues ₹10 notes in India?
20 / 50
Cheques are used to:
21 / 50
Demand deposits can be withdrawn:
22 / 50
Which of the following is a demand deposit?
23 / 50
What is the main function of money?
24 / 50
Which one of the following is NOT a formal source of credit?
25 / 50
Members of Self Help Groups usually belong to:
26 / 50
Self Help Groups help borrowers by:
27 / 50
SHG stands for:
28 / 50
Which sector of credit is supervised by RBI?
29 / 50
Interest rates charged by moneylenders are usually:
30 / 50
Why do poor people often borrow from informal sources?
31 / 50
Which institution controls the formal sources of credit in India?
32 / 50
Informal sources of credit include:
33 / 50
Formal sources of credit include:
34 / 50
Collateral is required mainly to:
35 / 50
Which of the following is an example of collateral?
36 / 50
The difference between interest charged and interest paid by banks is called:
37 / 50
What do banks charge on loans?
38 / 50
Loan provided by banks helps people to:
39 / 50
Interest paid by banks to depositors is called:
40 / 50
Banks use the major portion of deposits to:
41 / 50
The money deposited in banks by people is called:
42 / 50
People deposit money in banks because:
43 / 50
Which of the following is called paper money?
44 / 50
The Reserve Bank of India supervises the functioning of:
45 / 50
In India, currency notes are issued by:
46 / 50
Which modern form of money is commonly used today?
47 / 50
Double coincidence of wants means:
48 / 50
What was the major problem of the barter system?
49 / 50
Which of the following is an example of the barter system?
50 / 50
What does money act as in the exchange of goods and services?
Your score is
The average score is 0%
