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CBSE - Money & Credit
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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
Formal sources of credit do not include:
(1) Banks
(2) Co-operatives
(3) Employers
(4) LIC
Correct Answer: 3
2
When was the KCC (Kisan Credit Card) scheme introduced?
(1) 1969
(2) 1979
(3) 1987-88
(4) 1998-99
Correct Answer: 4
3
The founder of Grameen bank of Bangladesh is:
(1) Amartya Sen
(2) Mohammad Salim
(3) Mohammad Yunus
(4) None of the above
Correct Answer: 3
4
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
5
Which agency is not included in informal loan sector or agency:
(1) Bank
(2) Village money lender
(3) Trader
(4) Relative of borrower
Correct Answer: 1
