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Social Studies

10th Grade

Used 667+ times

Money and Credit
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18 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Banks provide a higher rate of interest on which of the following accounts?

Saving account

Fixed account for long period of time

Current account

Fixed account for short period of time

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What percentage of deposits are kept as cash by the commercial banks in India?

25%

20%

15%

10%

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is Statutory Liquidity Reserve?

Statutory Liquidity Reserve is a certain percentage of the total deposits that must be kept with the commercial bank.

Statutory Liquidity Reserve is a certain percentage of the total bank deposits must be kept with the Central Bank of the country (RBI)

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An increase in the rate of SLR will;

Increase Lending activities by Commercial Banks

Decrease lending activities by Commercial Banks

Will not impact lending at all

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the main source of income of a bank?

Bank charges that the depositors pay for ; keeping their money safe is the main ; source of the bank’s income.

The difference between what is charged from the borrowers and paid to the depositors is the main source of bank’s income.

Banks earn huge amounts of money by investing the money of the depositors in various company shares.

The Government of India gives huge amounts of money to the banks to help their smooth functioning.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment refers to;

Debt

Deposit

Credit

Collateral

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The modern forms of money include ____________ and ____________ .

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