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CBSE - Money & Credit
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Practice Question
Money & Credit
.
Money & Credit
Banks do not give loans :
(1) to small farmers
(2) to marginal farmers
(3) to industries
(4) without proper collateral and documents
Correct Answer: 4
.
Related Questions
Money & Credit
1
Anything which is generally accepted by the people in exchange of goods and services is called :
(1) money
(2) barter
(3) credit
(4) loans
Correct Answer: 2
2
A Self-Help Group usually has :
(1) 5-10 members
(2) 10-15 members
(3) 15-20 members
(4) 20-25 members
Correct Answer: 3
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
Formal sources of credit include
(1) banks
(2) moneylenders
(3) employers
(4) all the above
Correct Answer: 1
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
