CBSE  /  Class 10  /  Social Science  /  Economics Money and Credit

  • 1. 
    Which among the following banks issues currency notes on behalf of the Central Government in India?

  • RBI
  • State Bank of India
  • Bank of India
  • Central Bank of India

  • 2. 
    What do the banks do with the deposits which I they accept from the customers?

  • Banks use these deposits for charitable activities.
  • Banks use a major portion of deposits to extend loans.
  • Banks use deposits to give bonus to their employees.
  • Banks use deposits to set up more branches in the country.

  • 3. 
    What is the main source of income of a bank?

  • Bank charges that the depositors pay for ; keeping their money safe is the main ; source of the bank's income.
  • The difference between what is charged from the borrowers and paid to the depositors is the main source of bank's income.
  • Banks earn huge amounts of money by investing the money of the depositors in various company shares.
  • The Government of India gives huge amounts of money to the banks to help their smooth functioning.

  • 4. 
    An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment refers to

  • Debt
  • Deposit
  • Credit
  • Collateral

  • 5. 
    Which body (authority) supervises the functioning of formal sources of loans?

  • Finance Ministry
  • Head Office of each Bank
  • Reserve Bank
  • Cooperative Societies

  • 6. 
    Money-lenders usually demand a 'security' from the borrower. What is the formal word used for the 'security', such as land, vehicle, livestock, building, etc.?

  • Deposit
  • Collateral
  • Credit
  • Guarantee

  • 7. 
    Which among the following options will be the cheapest source of credit in rural areas?

  • Bank
  • Cooperative Society
  • Money-lender
  • Finance Company

  • 8. 
    In which country is the Grameen Bank meeting the credit needs of over 6 million poor people?

  • Bhuta
  • Sri Lanka
  • Bangladesh
  • Nepal

  • 9. 
    A typical Self Help Group usually has

  • 100-200 members
  • 50-100 members
  • less than 10 members
  • 15-20 members

  • 10. 
    Which of the following is not an informal source of credit?

  • Money-lender
  • Relatives and Friends
  • Commercial Banks
  • Traders
Report Question
warning
Practice More On Economics Money and Credit
Quiz 1 Quiz 2
access_time
  Time