Smartindia Classroom
CONTENTS
English I
Computer Application
Physics
Chemistry
Biology
Mathematics
History
Geography
Economics(optional)
Commercial Application
Civics
English II
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Question-1
Issue of currency notes _______ the money supply.
(A)
Increases
(B)
Decreases
(C)
Restricts
(D)
Checks
Question-2
Currency is issued in India by
(A)
Commercial Banks
(B)
Regional rural Banks
(C)
National Banks
(D)
Reserve Bank of India
Question-3
What are the modern forms of money?
(A)
Currency
(B)
Plastic money
(C)
Demand deposits
(D)
All the above
Question-4
A ___________ is a paper in instructing the bank to pay a specific amount from a
(A)
Loan
(B)
Demand deposit
(C)
Cheque
(D)
Currency
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
Terms of credit does not include
(A)
Interest rate
(B)
Collateral
(C)
Cheque
(D)
Mode of repayment
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
Credit creation is controlled by
(A)
Government
(B)
Central bank
(C)
Commercial banks
(D)
All the above
Question-9
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
Question-10
Commercial banks are also able to transfer funds of a customer to other customers account through
(A)
Cheque
(B)
Draft
(C)
Credit card
(D)
All the above
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Std 10
ICSE/ISC
Practice in Related Chapters
Alternative Market Structure: Basic Concepts
Demand and Supply: Basic Concepts
The Productive Mechanism
State and Economic Development
Money and Banking: Basic Concept
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