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Question-1
Loan may be granted in the form of

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

Question-2
Which households take more loans from the formal sector?

(A) Well off households and rich households	(B) Poor households and well off households
(C) Well off households and households with few assets	(D) Poor household and rich household

Question-3
The second important function of commercial bank is

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

Question-4
Who was the present governor of Reserve Bank of India?

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

Question-5 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-6
What do you mean by Collateral.

(A) Sum of money	(B) An instrument in writing
(C) It is the gurantee given by the lender to the borrower	(D) None of these

Question-7
Identify the formal source of credit.

(A) Cooperative societies	(B) Money lenders
(C) Traders	(D) Land lords

Question-8 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-9
Which of the following households constitutes the largest segment of borrowers in the formal sector of credit ?

(A) Poor households	(B) Rich households
(C) Low income households	(D) None of these

Question-10
When two goods between two persons at a time are exchanged without the use of money , it is called

(A) Credit	(B) Loan
(C) Barter system	(D) Demand

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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