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Question-1
Which of the following is the primary functions of commercial bank ?

(A) Credit creation	(B) Providing loans
(C) Accepting deposits	(D) Transfer of funds

Question-2
What is the name of the success story that met the credit needs of the poor, at reasonable rates, in Bangladesh?

(A) Grameen Bank	(B) Reserve Bank
(C) Cooperative Bank	(D) Commercial Bank

Question-3
Which of the following can be considered as the modern form of money?

(A) Draft	(B) Cheques
(C) Currencies	(D) All of the above

Question-4 Which one of the following is the main source of credit for the rich households?

(A) Informal	(B) Formal
(C) Both formal and informal	(D) Neither formal nor informal

Question-5
The second important function of commercial bank is

(A) Agency function	(B) Providing loan
(C) Credit creation	(D) Transfer of funds

Question-6
Currency is issued in India by

(A) Commercial Banks	(B) Regional Rural Banks
(C) Nationalised Banks	(D) Reserve Bank of India

Question-7
Grameen Bank is a success story of

(A) USA	(B) India
(C) Bangladesh	(D) Nepal

Question-8
Who was the present governor of Reserve Bank of India?

(A) Raghuram Rajan	(B) Manmohan Singh
(C) D. Subhara	(D) Y.V. Reddy

Question-9 The functioning of the formal sources of credit are supervised by

(A) Government of India	(B)Reserve Bank of India
(C)Ministry of Finance	(D)State Bank of India

Question-10
Loan may be granted in the form of

(A) Cash credit	(B) Ordinary loans
(C) Overdrafts	(D) All the above

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Std 10

CBSE

Practice in Related Chapters
Globalisation and the Indian Economy
Consumer Rights
Development
Sectors of the Indian Economy
Money and Credit