Money and Credit-Created by Abhishek

Which of the following is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender?

• Property

• Money

• Collateral

• Deposit

How many members a typical Self-Help Group Should have?

• 14 – 19

• 15 – 20

• 20 – 25

• 25 – 30

In a barter system:

• Goods are exchanged for money

• Goods are exchanged for foreign currency

• Goods are exchanged without the use of money

• Goods are exchanged on credit

About what percentage of their deposits is kept as cash by the banks in India?

• 25 %

• 20%

• 15 %

• 10 %

Why do banks keep a small proportion of the deposits as cash with themselves?

• To extend loan to the poor

• To extend loan facility

• To pay salary to their staff

• To pay the depositors who might come to withdraw money

The currency notes on behalf of the Central Government are issued by whom?

• State Bank of India

• Reserve Bank of India

• Punjab National Bank

• Central Bank of India

Which one of the following is not a feature of money?

• Medium of exchange

• Lack of divisibility

• A store of value

• A unit of account

Professor Muhammad Yunus is the founder of which one of the following banks ?

• Cooperative Bank

• Commercial Bank

• Grameen Bank

• Land Development Bank

Which one of the following is a modern form of currency ?

• Gold

• Silver

• Copper

• Paper notes

The Informal source of credit does not include which one of the following?

• Traders

• Friends

• Cooperative Societies

• Money – lenders