MONEY AND CREDIT CLASS X

When a person wants to sell exactly what the other person wants to buy. This situation is known as

• Barter System
• Double coincidence of wants
• Trading
• None of these

What is the form of money in medieval period?

• Cowries
• Paper Notes
• Metallic Coins
• Barter System

Who is the founder of Grameen Bank of Bangladesh?

• Mohammad Yunus
• Mohammad Kasim
• Mohammad Tuglaq
• Mohammad Zakir

What prevents the poor from getting bank credit?

• absence of collateral
• documentation procedure
• high rate of interest
• none of these

Debt-trap means :

• Ability to pay back loan
• Extravagance
• None of the above
• Increasing debt

Which one is the following is the important characteristic of modern form of currency?

• It is made from precious metal
• It is made from thing of everyday use
• It is authorized by commercial banks
• It is authorized by the Government of the country

Money can be best described as

• Medium of transaction
• Medium of exchange
• Deposit in Banks
• Payment through cheque

An asset that the borrowers own, and use this as a guarantee to the lender, until the loan is repaid.

• Security
• Collateral
• Property
• All of these

Reserve bank of India grants loans to

• General public
• Private Companies
• Commercial Banks
• All of these

Number of Reserve Banks in a country is

• Two
• Three
• One
• Five