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CBSE - Money & Credit
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Practice Question
Money & Credit
.
Money & Credit
Which one of the following is NOT an informal sector loans for poor rural household in India ?
(1) Commercial Banks
(2) Moneylenders
(3) Traders
(4) Landlords
Correct Answer: 1
.
Related Questions
Money & Credit
1
Productive loans by farmers are taken
(1) to buy seeds, fertilisers, implements etc.
(2) for celebration of marriages
(3) for storage of foodgrains in godowns
(4) none of the above
Correct Answer: 1
2
What do you mean by collateral?
(1) It is the total sum of money with a person
(2) It is the things kept in the locker
(3) It is the guarantee given by the lender to the borrower.
(4) It is the security to a lender until the loan is repaid
Correct Answer: 3
3
Which of the following is not a modern form of money?
(1) Paper notes
(2) Demand deposits
(3) Silver coins
(4) None of the above
Correct Answer: 3
4
Formal sources of credit include
(1) banks
(2) moneylenders
(3) employers
(4) all the above
Correct Answer: 1
5
Banks use the major portion of the deposit to :
(1) Keep reserve so that people may withdraw
(2) Meet their routine expenses
(3) Extend loans
(4) Meet renovation of the bank
Correct Answer: 3
