CBSE - Money & Credit

Identify the formal source of credit. (1) Cooperative societies (2) Moneylenders (3) Traders (4) Landlords

A bill of exchange promising payment to a certain sum written there in: (1) Currency (2) Collateral (3) Promisory note (4)Bank rate

Which of the following is not a source of rural credit? (1) Regional rural banks (2) Moneylenders (3) Traders (4) Government

Rich households in urban areas avail cheap credit from (1) formal sources (2) informal sources (3) government (4) all the above

Which of the following is not true regarding the in convenience of Barter Exchange ? (1) Lack of double coincidence of want (2) Absence of divisibility (3) Difficulty in storing wealth (4) Availability of money as a medium of exchange.