Money and Credit Class 10 Quiz

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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Updated: September 24, 2021 — 2:48 pm

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