MCQ Money and Credit
1. The exchange of goods for goods is:
(i) banker of option (ii) bills of exchange (iii) barter (iv) currency
2. Currency is issued by:
(i) RBI on behalf of central government (ii) By president of India.
(iii) By finance minister (iv) None of them
3. National Sample Survey Organization is a :
(i) Commercial bank organization (ii) An organization of World Bank
(iii) An organization associated with Indian Standard. Institute
(iv) An institution responsible to collect data on formal sector credit.
4. Gold mohar, a coin so named was brought in circulation by:
(i) Akbar (ii) Sher Shah Suri (iii) Ashok (iv) Shivaji
5. Which agency is not included in informal loan sector or agency:
(i) Bank (ii) Village money lender (iii) Trader (iv) Relative of borrower
6. In SHG most of the decisions regarding savings and loan activities are taken by:
(i) Bank (ii) Members (iii) Non-government organizations (iv) LIC
7. Formal sources of credit does not include:
(i) Banks (ii) Co-operatives (iii) Employers (iv) LIC
8. Security (pledge, mortgage) against loan:
(i) Collateral (ii) Token Coins (iii) Promissory Note (iv)Currency
Answer Key of MCQ:1(iii) 2(i) 3(iv) 4(i) 5(i) 6(ii)
