MCQ Class 10 Economics Chapter 3 Money and Credit Advertisement MCQ’s For All Chapters – Economics Class 10th 1. Which one of the following is a formal source of credit?Friends and relativesTradersCooperative societiesMoneylendersQuestion 1 of 152. Which one of the following is the appropriate meaning of collateral?The amount invested in a business.The amount borrowed from friends.It is the sum total of money borrowed from banks.It is an asset of the borrower used as guarantee to a lender.Question 2 of 153. Which one of the following is a modern form of currency?CopperPaper notesGoldSilverQuestion 3 of 154. Which one of the following is the newer way of providing loans to the rural poor, particularly women?MoneylendersGrameen BanksCooperative BanksSelf-Help GroupsQuestion 4 of 155. Which of the following is the main informal source of credit for rural households in India?MoneylendersFriendsRelativesLandlordsQuestion 5 of 156. Name the system in which the double coincidence of wants is an essential feature.Global economyBarter systemMoney economyNone of theseQuestion 6 of 157. Grameen Bank of Bangladesh was started in1990s1970s1960s1980sQuestion 7 of 158. In a SHG, most of the decisions regarding loan activities are taken byCooperativeMembersBanksNon-government organizationQuestion 8 of 159. Which of the following is not an informal source of credit?TradersRelatives and FriendsMoney-lenderCommercial BanksQuestion 9 of 1510. In which country is the Grameen Bank meeting the credit needs of over 6 million poor people?NepalBhutaSri LankaBangladeshQuestion 10 of 1511. Which is not the main source of credit from the following for rural households in India?Commercial BanksTradersRelatives and friendsMoney LendersQuestion 11 of 1512. What portion of deposits are kept by the banks for their day to day transaction?25%15%10%20%Question 12 of 1513. Which households take more loans from the formal sector?Poor households and well off householdsPoor households and rich householdWell off households and households with few assetsWell off households and rich householdsQuestion 13 of 1514. Which one of the following is the main source of credit for the rich households?Neither Formal nor informalFormalInformalBoth formal and informalQuestion 14 of 1515. Which one of the following is not a formal source of credit?Co-operativesState Bank of IndiaCommercial BanksEmployersQuestion 15 of 15 Loading...
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