Money and Credit Class 10 Economics - SOCIAL #cbse #ncert

Money and Credit

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1. Which of the following is the main source of credit of rich urban households?

a) Money lenders

b) Businessmen

c) Banks

d) Self help group.

ANSWER: Banks.

2. Almost all of the borrowers of Grameen Bank of Bangladesh are:

a) Men

b) Women

c) Senior Citizens

d) All of them.

ANSWER: Women.

3. Which one of the following is not an example of informal sector loans for Poor rural households in India?

a) Commercial Banks

b) Money Lenders

c) Traders

d) Landlords.

ANSWER: Commercial Banks.

4. Which of the following does supervise the functioning of formal source of loans?

a) SBI

b) RBI

c) Central Bank

d) Finance Minister.

ANSWER: RBI.

5. Deposits in the bank is also known as:

a) Demand deposits

b) Cash deposits

c) Safe deposits

d) None of these.

ANSWER: Demand Deposits.

6. In urban areas 85% of loans from informal sources are taken by:

a) Rich Landlords

b) Big Merchants

c) Poor Household

d) Business Groups.

ANSWER: Poor Household.

7. Commercial banks and cooperative societies are example of:

a) Formal sources of credit

b) Informal sources of credit

c) Organised sector

d) None of these.

ANSWER: Formal sources of credit.

8. Which one of the following is appropriate meaning for collateral?

a) Bank

b) Cheque

c) Security

d) Loan.

ANSWER: Security.