CBSE - Money & Credit

Which households take more loans from the formal sector ? (1) Poor households and rich household. (2) Well off households and households with few assets. (3) Poor households and well off households (4) Well off households and rich households.

Which one of the following is the important characteristic of modern form of currency? (1) It is made from precious metal (2) It is made from thing of everyday use (3) It is authorised by the commercial banks (4) It is authorised by the Government of the country

Which one of the following constitutes money in modern day economy? (1) Gold (2) Silver (3) Interest (4) Demand Deposits

In a SHG most of the decisions regarding loan activities are taken by (1) Banks (2) Member (3) Non-government organizations (4) Cooperatives

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