Money and Credit Class 10 Economics - SOCIAL #cbse #ncert
Money and Credit
1. Which of the following is the main source of credit of rich urban households?
a) Money lenders
b) Businessmen
c) Banks
d) Self help group.
ANSWER: Banks.
2. Almost all of the borrowers of Grameen Bank of Bangladesh are:
a) Men
b) Women
c) Senior Citizens
d) All of them.
ANSWER: Women.
3. Which one of the following is not an example of informal sector loans for Poor rural households in India?
a) Commercial Banks
b) Money Lenders
c) Traders
d) Landlords.
ANSWER: Commercial Banks.
4. Which of the following does supervise the functioning of formal source of loans?
a) SBI
b) RBI
c) Central Bank
d) Finance Minister.
ANSWER: RBI.
5. Deposits in the bank is also known as:
a) Demand deposits
b) Cash deposits
c) Safe deposits
d) None of these.
ANSWER: Demand Deposits.
6. In urban areas 85% of loans from informal sources are taken by:
a) Rich Landlords
b) Big Merchants
c) Poor Household
d) Business Groups.
ANSWER: Poor Household.
7. Commercial banks and cooperative societies are example of:
a) Formal sources of credit
b) Informal sources of credit
c) Organised sector
d) None of these.
ANSWER: Formal sources of credit.
8. Which one of the following is appropriate meaning for collateral?
a) Bank
b) Cheque
c) Security
d) Loan.
ANSWER: Security.