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CBSE - Money & Credit
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Practice Question
Money & Credit
.
Money & Credit
At present which form of money is increasingly used apart from paper money?
(1) Commodity money
(2) Metallic money
(3) Plastic money
(4) All the above
Correct Answer: 3
.
Related Questions
Money & Credit
1
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.
Correct Answer: 4
2
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
3
Rate of interest charged by moneylenders as compared to that charged by banks is :
(1) lower
(2) same
(3) slightly higher
(4) much higher
Correct Answer: 4
4
The exchange of goods for goods is:
(1) banker of option
(2) bills of exchange
(3) barter
(4) currency
Correct Answer: 3
5
Identify the formal source of credit.
(1) Cooperative societies
(2) Moneylenders
(3) Traders
(4) Landlords
Correct Answer: 1
