Money and Credit Class 10 Quiz Question with Answer
Money and Credit Class 10 Quiz Question with Answer. CBSE Class 10 Economics Lesson 3 Mock Test.
Question 1:
The process in which intermediate is present –
(a) Double coincidence
(b) Medium exchange
(c) Depasity
(d) Credit
Ans:
(b) Medium exchange.
Question 2:
— issues currency notes in India (behalf of the central government)
(a) SBI
(b) HDFC
(c) RBI
(d) Finance minister
Ans:
(c) RBI.
Question 3:
— is the currency of India.
(a) Dollar
(b) Beat coin
(c) Rupee
(d) Rouble
Ans:
(c) Rupee.
Question 4:
Besides the bank source wish is the cheap credit source, in rural areas?
(a) Money lenders
(b) Cooperative societies
(c) Traders
(d) None of these
Ans:
(b) Cooperative societies.
Question 5:
Who supervices the functioning of formal sources of loans?
(a) SBI
(b) State government
(c) RBI
(d) Financial minister
Ans:
(c) RBI.
Question 6:
Which is the major step to be taken to reduce informal loan in rural areas?
(a) The banks & cooperatives increases their lending particularly in rural areas
(b) Expand formal sector loan
(c) Both a & b
(d) None of these
Ans:
(c) Both a & b.
Question 8:
Required for bank loans is/are:
(a) Collateral
(b) Proper documents
(c) Both a & b
(d) None of these
Ans:
(c) Both a & b.
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