Economics Money and Credit

Who issues currency notes in India?

• Reserve bank of India

• State bank of India

• Ministry Of Finance

• Government Of India

Which of the following does not constitute a part of informal credit in India?

• Commercial bank

• Money lenders

• Friends and relatives

• Zamindars

Which of the following was not a traditional form of money?

• Grains

• Paper notes

• Cattle

• Gold coins

Which one of the following is not a limitation of the barter system?

• Lack of double coincidence of wants

• Certainly products can't be divided

• Most often double coincidence of wants is not available

• None of the above

The number of members in a typical SHG varies between -

• 5 to 10

• 15 to 20

• 15 to 25

• 20 to 30

In a SHG most of the decisions regarding savings and loan activities are taken by -

• Bank

• Members

• Cooperative

• Non-government organizations

A deposit with a bank that can be withdrawn whenever the depositor likes to do so, is termed as-

• Demand deposit

• A time deposit

• A fixed deposit

• A legimitate deposit

Formal sources of credit does not include-

• Banks

• Cooperatives

• Employes

• None of the above

Banks do not give loans to-

• Small farmer

• Marginal farmers

• Industries

• Without proper collateral and documents

A cheque like currency notes act as-

• Cash

• A store of value

• a medium of exchange

• A demand of deposit