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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
In a SHG most of the decisions regarding loan activities are taken by
(1) Banks
(2) Member
(3) Non-government organizations
(4) Cooperatives
Correct Answer: 2
2
Which state accounts for maximum percentage of SHGs (self-help groups) in bank credit?
(1) Andhra Pradesh
(2) Tamil Nadu
(3) Kerala
(4) Karnataka
Correct Answer: 1
3
Which of the following is not a source of rural credit?
(1) Regional rural banks
(2) Moneylenders
(3) Traders
(4) Government
Correct Answer: 4
4
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
5
Formal sources of credit include
(1) banks
(2) moneylenders
(3) employers
(4) all the above
Correct Answer: 1
