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CBSE - Money & Credit
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Practice Question
Money & Credit
.
Money & Credit
An asset that the borrower uses as a repayment guarantee to a lender is termed as a :
(1) deposit
(2) collateral
(3) advance
(4) all the above
Correct Answer: 2
.
Related Questions
Money & Credit
1
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
Correct Answer: 4
2
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
3
Terms of credit are with respect to :
(1) interest rate
(2) collateral
(3) documentation
(4) all the above
Correct Answer: 4
4
Productive loans by farmers are taken
(1) to buy seeds, fertilisers, implements etc.
(2) for celebration of marriages
(3) for storage of foodgrains in godowns
(4) none of the above
Correct Answer: 1
5
When both parties agree to sell and buy each others commodities it is known as :
(1) measure of value
(2) double coincidence of wants
(3) store of value
(4) credit
Correct Answer: 2
