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CBSE - Money & Credit
Welcome, Students!
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Practice Question
Money & Credit
.
Money & Credit
Rate of interest charged by moneylenders as compared to that charged by banks is :
(1) lower
(2) same
(3) slightly higher
(4) much higher
Correct Answer: 4
.
Related Questions
Money & Credit
1
Which of the following is not a source of rural credit?
(1) Regional rural banks
(2) Moneylenders
(3) Traders
(4) Government
Correct Answer: 4
2
At present which form of money is increasingly used apart from paper money?
(1) Commodity money
(2) Metallic money
(3) Plastic money
(4) All the above
Correct Answer: 3
3
Which one of the following is not included in the terms of credit?
(1) Rate of Interest
(2) Mode of payment
(3) Rate of saving
(4) Collateral
Correct Answer: 3
4
Anything which is generally accepted by the people in exchange of goods and services is called :
(1) money
(2) barter
(3) credit
(4) loans
Correct Answer: 2
5
Which one of the following is the important characteristic of modern form of currency?
(1) It is made from precious metal
(2) It is made from thing of everyday use
(3) It is authorised by the commercial banks
(4) It is authorised by the Government of the country
Correct Answer: 4
