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CBSE - Money & Credit
Welcome, Students!
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Practice Question
Money & Credit
.
Money & Credit
Deposites in bank accounts withdrawn on demand are called :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
.
Related Questions
Money & Credit
1
Which one of the following is the main source of credit for the rich households?
(1) Informal
(2) Formal
(3) Both formal and informal
(4) Neither Formal nor informal
Correct Answer: 2
2
Terms of credit does not include :
(1) interest rate
(2) collateral
(3) cheque
(4) mode of repayment
Correct Answer: 3
3
A bill of exchange promising payment to a certain sum written there in:
(1) Currency
(2) Collateral
(3) Promisory note
(4)Bank rate
Correct Answer: 3
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
Which one of the following is not included in the terms of credit?
(1) Rate of Interest
(2) Mode of payment
(3) Rate of saving
(4) Collateral
Correct Answer: 3
