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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
Who supervises the credit activities of lenders in the informal sector?
(1) Central Bank of India
(2) Commercial banks
(3) Moneylenders
(4) None
Correct Answer: 4
2
Formal sources of credit include
(1) banks
(2) moneylenders
(3) employers
(4) all the above
Correct Answer: 1
3
What portion of deposits are kept by the banks for their day to day transaction ?
(1) 10%
(2) 15%
(3) 20%
(4) 25%
Correct Answer: 2
4
Which one of the following constitutes money in modern day economy?
(1) Gold
(2) Silver
(3) Interest
(4) Demand Deposits
Correct Answer: 4
5
Cheap and affordable credit results in which one of the following ?
(1) Slow economic growth
(2) Creating a debt trap
(3) Poverty
(4) Good economic growth
Correct Answer: 4
