CBSE - Money & Credit

Why bank deposits are known as demand deposits ? (1) Deposits with the banks (2) People have the provision to withdraw the money when they require. (3) Deposits with the banks cannot be witdrawn. (4) People have the provision to withdraw the money only by cash.

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

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

What are the modern forms of money? (1) Currency (2) Plastic money (3) Demand deposits (4) All the above

When was the KCC (Kisan Credit Card) scheme introduced? (1) 1969 (2) 1979 (3) 1987-88 (4) 1998-99