ICSE/ISC Std 9 Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

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 Which one of the following leads to land degradation, biodiversity loss and air pollution?

(A) Ozone depletion	(B)Soil erosion
(C)Deforestation	(D)Sun stroke

Question-3 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-4 Carbon dioxide is called green-house gas because it is

(A) Transparent to sunlight but traps heat	(B)Transparent to heat but traps sunlight
(C)Used in green-house to increase plant growth	(D)Transparent to both sunlight and heat

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 Currency is issued in India by

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

Question-8 Infrastructure helps in

(A) Raising ability to work	(B)Raises sizes of market
(C)Raises economic development	(D)All the above

Question-9 Loan may be granted in the form of

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

Question-10 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(A) Keep reserve so that people may withdrawn	(B)Meet their routine expenses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

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Std 9

ICSE/ISC

Practice in Related Chapters
Consumer Awareness
Infrastructure of the Indian Economy
Basic Concepts of Economics
An Overview of Indian Economy
Globalisation