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CBSE - Money & Credit
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Practice Question
Money & Credit
.
Money & Credit
Formal sources of credit do not include:
(1) Banks
(2) Co-operatives
(3) Employers
(4) LIC
Correct Answer: 3
.
Related Questions
Money & Credit
1
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
2
Formal sources of credit include
(1) banks
(2) moneylenders
(3) employers
(4) all the above
Correct Answer: 1
3
An asset that the borrower uses as a repayment guarantee to a lender is termed as a :
(1) deposit
(2) collateral
(3) advance
(4) all the above
Correct Answer: 2
4
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
5
System of exchanging goods for goods is called :
(1) monetary system
(2) credit system
(3) barter system
(4) exchange system
Correct Answer: 3
