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Question-1
Banks use the major portion of the deposit to

(A) Keep reserve so that people may withdrawn	(B) Meet their routine expenses
(C) Extend loans	(D) Meet renovations of the bank

Question-2
When did Reserve Bank of India established ?

(A) 1949	(B) 1935
(C) 1928	(D) 1947

Question-3 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-4 Terms of credit does not include

(A) Interest rate	(B) Collateral
(C) Cheque	(D) Mode of repayment

Question-5
It is a paper in instructing the bank to pay a specific amount from a person's account.

(A) loan	(B) demand deposit
(C) cheque	(D) currency

Question-6
The issue of currency is undertaken on behalf of state by the

(A) State bank of India	(B) Reserve Bank of India
(C) Canara Bank	(D) Federal Bank

Question-7
Who helps the borrowers to overcome the problem of lack of collateral?

(A) Self help group (SHG)	(B) State government
(C) Employers	(D) Money lenders

Question-8
Grameen Bank is a success story of

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

Question-9
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-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