Money and Credit | Chapter 3 | Class 10 | Social Science | Economics

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In this test paper, we will practice our learning of Money and Credit | Chapter 3 | Class 10 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

In this test paper, we will practice our learning of Money and Credit | Chapter 3 | Class 10 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

Questions

1. Which one of the following statements is most appropriate regarding transaction made in money?

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2. Which one of the following is a modem form of currency?

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3. Which among the following authorities issues currency notes on behalf of the government?

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4. In which of the following systems exchange of goods is done without use of money?

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5. Banks provide a higher rate of interest on which of the following accounts?

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6. Banks use the major portion of the deposits to:

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7. What percentage of their deposits is kept as cash by the banks in India?

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8. The informal source of credit does not include which one of the following?

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9. Which one of the following is the new way of providing loans to the mral poor?

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10. stion 10. Why is currency accepted as a medium of exchange?

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11. Who issues the currency notes in India?

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12. Which among the following banks issues currency notes on behalf of the Central Government in India?

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13. What do the banks do with the deposits which I they accept from the customers?

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14. What is the main source of income of a bank?

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15. An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment refers to

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16. Which body (authority) supervises the functioning of formal sources of loans?

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17. Money-lenders usually demand a ‘security’ from the borrower. What is the formal word used for the ‘security’, such as land, vehicle, livestock, building, etc.?

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18. Which among the following options will be the cheapest source of credit in rural areas?

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19. In which country is the Grameen Bank meeting the credit needs of over 6 million poor people?

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20. A typical Self Help Group usually has

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21. Which of the following is not an informal source of credit?

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Index of Questions