Money and credit grade 10

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

Which authority regulate and overlook the credit sysetm and economic activites in India

• NSSO
• CBI
• Finance Minister
• RBI

Which one is an example of Informal Source of Credit

• Banks
• Cooperative Societies
• Money Lender
• All of these

What is the form of money in medieval period?

• Cowries
• Paper Notes
• Metallic Coins
• Barter System

A financial institution which accepts deposits from public and provide loans to them.

• Share Market
• Insurance Company
• Banks
• All of these

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

What will be collateral for a car loan?

• Stamp on vehicle registration papers
• Registration papers
• Installments
• Interest payment

Money can be best described as

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