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CBSE - Money & Credit
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Practice Question
Money & Credit
.
Money & Credit
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
.
Related Questions
Money & Credit
1
_________ are widely accepted as a medium of exchange.
(1) Rupee notes
(2) Gold coins
(3) Silver coins
(4) All the above
Correct Answer: 1
2
In a SHG most of the decisions regarding loan activities are taken by
(1) Banks
(2) Member
(3) Non-government organizations
(4) Cooperatives
Correct Answer: 2
3
Which one of the following constitutes money in modern day economy?
(1) Gold
(2) Silver
(3) Interest
(4) Demand Deposits
Correct Answer: 4
4
Terms of credit does not include :
(1) interest rate
(2) collateral
(3) cheque
(4) mode of repayment
Correct Answer: 3
5
Deposites in bank accounts withdrawn on demand are called :
(1) Fixed deposit
(2) Recurring deposit
(3) Demand deposit
(4) None of these
Correct Answer: 3
