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CBSE - Money & Credit
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Practice Question
Money & Credit
.
Money & Credit
Gold mohar, a coin so named was brought in circulation by:
(1) Akbar
(2) Sher Shah Suri
(3) Ashok
(4) Shivaji
Correct Answer: 1
.
Related Questions
Money & Credit
1
Which one of the following is a major reason that prevents the poor from getting loans from thebanks?
(1) Lack of capital
(2) Not affordable due to high rate of interest
(3) Absence of collateral security
(4) Absence of mediators
Correct Answer: 3
2
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
3
Majority of the credit needs of the poor households are met from
(1) formal sources
(2) informal sources
(3) self-help groups
(4) none of the above
Correct Answer: 2
4
Which of the following is not true regarding the in convenience of Barter Exchange ?
(1) Lack of double coincidence of want
(2) Absence of divisibility
(3) Difficulty in storing wealth
(4) Availability of money as a medium of exchange.
Correct Answer: 4
5
What do you mean by collateral?
(1) It is the total sum of money with a person
(2) It is the things kept in the locker
(3) It is the guarantee given by the lender to the borrower.
(4) It is the security to a lender until the loan is repaid
Correct Answer: 3
