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CBSE - Money & Credit
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Practice Question
Money & Credit
.
Money & Credit
Identify the formal source of credit.
(1) Cooperative societies
(2) Moneylenders
(3) Traders
(4) Landlords
Correct Answer: 1
.
Related Questions
Money & Credit
1
Which households take more loans from the formal sector ?
(1) Poor households and rich household.
(2) Well off households and households with few assets.
(3) Poor households and well off households
(4) Well off households and rich households.
Correct Answer: 4
2
Currency is issued in India by :
(1) commercial banks
(2) regional rural banks
(3) nationalised banks
(4) Reserve Bank of India
Correct Answer: 4
3
Which of the following is a major reason which prevents the poor from getting bank loans?
(1) Absence of collateral (security)
(2) Non-repayment of loans
(3) Higher interest rates
(4) Documentation
Correct Answer: 1
4
System of exchanging goods for goods is called :
(1) monetary system
(2) credit system
(3) barter system
(4) exchange system
Correct Answer: 3
5
The part of the total deposits which a bank keeps with itself in cash is
(1) zero
(2) a small proportion
(3) a big proportion
(4) 100 percent
Correct Answer: 2
