Quiz  /  Rural Credit Class 10 MCQ Questions With Answers

  • 1. 
    Which of the following are examples of how rural settlements can be shaped?

  • Nucleated
  • Dispersed
  • Linear
  • All of above

  • 2. 
    Banks use the major portion of the deposit to:

  • Keep reserve so that people may withdraw
  • Meet their routine expenses
  • Extend loans
  • Meet renovation of the bank

  • 3. 
    Which of the following is an example of a linear settlement pattern?

  • None of these
  • Urbaniseringen skal tøjles
  • Dispersed Settlements
  • Linear settlement

  • 4. 
    Which one of the following is a major reason that prevents the poor from getting loans from the banks?

  • Lack of capital
  • Not affordable due to high rate of interest
  • Absence of collateral security
  • Absence of mediators

  • 5. 
    _________costs of borrowing increase the debt-burden?

  • high
  • low
  • equal
  • none

  • 6. 
    What kind of loans do members of SHG take?

  • Individual loans
  • Group loans
  • Society loans
  • None of the above

  • 7. 
    People also have the provision to withdraw the money as and when they require the deposits in the bank accounts to be withdrawn, what are these deposits called?

  • Fixed deposits
  • Savings
  • Demand deposits
  • Demand drafts

  • 8. 
    Since money acts as an intermediate in the exchange process, it is called _______

  • Medium of trade
  • Medium of Exchange
  • Medium of Business
  • Medium of transaction

  • 9. 
    Where do the majority of people who live in rural areas come from?

  • MEDC
  • LEDC
  • Developing countries
  • It doesn't matter what type of country it is

  • 10. 
    In rural areas, the main demand for credit is for _________

  • Industry
  • Crop production.
  • Irrigation
  • Cultivation

  • 11. 
    Which of the following is not an advantage of self-help group?

  • Grant of timely loans
  • Reasonable interests
  • A platform to discuss various issues
  • Does not help women to become self-reliant.

  • 12. 
    Which of the following is not true regarding the in convenience of Barter Exchange?

  • Lack of double coincidence of want
  • Absence of divisibility
  • Difficulty in storing wealth
  • Availability of money as a medium of exchange.

  • 13. 
    Which of the following are factors that would stop people from living in an area?

  • At the bottom of a hill
  • Near a natural bridge
  • The crops can be sheltered by mountains/trees
  • Marshy land

  • 14. 
    What is site?

  • the actual land occupied by the settlement
  • the shape of the village
  • the main activities of the settlement
  • the location of the settlement in relation to the area around it

  • 15. 
    Rural settlements can be found in which country/ies?

  • France
  • South Africa
  • Germany
  • Ethiopia
  • All of above

  • 16. 
    What is the main difference between a village and a hamlet?

  • Hamlets have more people than villages
  • Hamlets only engage in secondary activities
  • Villages have more people than hamlets
  • Villages only engage in secondary activities

  • 17. 
    What is situation?

  • the location of a settlement in relation to the area around it
  • the location of a settlement in relation to the activities around it
  • the actual land occupied by the settlement
  • the shape of the village

  • 18. 
    Which is one of the major reasons which prevent the poor from getting bank loans?

  • Illiteracy
  • Lack of availability of banks in rural areas
  • Absence of collateral
  • Shy to approach formal organizations

  • 19. 
    What is shape?

  • the actual land occupied by the settlement
  • the shape of the village e.g. linear
  • the location of the settlement in relation to the area around it
  • the shape of the village e.g. defence

  • 20. 
    Which body (authority) supervises the functioning of formal sources of loans?

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

  • 21. 
    Money

  • eliminates double-coincidence of wants
  • acts as a common measure of value
  • acts as a standard of deferred payments
  • all the above

  • 22. 
    When both parties agree to sell and buy each others commodities it is known as:

  • measure of value
  • double coincidence of wants
  • store of value
  • credit

  • 23. 
    Which one of the following is the important characteristic of modern form of currency?

  • It is made from precious metal
  • It is made from thing of everyday use
  • It is authorised by the commercial banks
  • It is authorised by the Government of the country

  • 24. 
    What is function?

  • the actual land occupied by the settlement
  • the shape of the village
  • the main activities of the settlement e.g. defence
  • the main activities of the settlement e.g. hilltop

  • 25. 
    Credit or loan refers to an agreement between:

  • lender and borrower
  • consumer and producer
  • government and tax payer
  • all the above

  • 26. 
    Rate of interest charged by moneylenders as compared to that charged by banks is:

  • lower
  • same
  • slightly higher
  • much higher

  • 27. 
    Which of the following are factors that would draw people to live in a certain area?

  • Good supply of wood.
  • Flat land
  • Steep slopes
  • Both A & B

  • 28. 
    Terms of credit are with respect to :

  • interest rate
  • collateral
  • documentation
  • all the above

  • 29. 
    Which one of the following is the main source of credit for the rich households?

  • Informal
  • Formal
  • Both formal and informal
  • Neither Formal nor informal

  • 30. 
    What were the earliest form of objects used as money in India?

  • grains and cattle
  • Coins
  • Jewels
  • Land
Report Question
warning
access_time
  Time