Money and Credit

Money and Credit

10th Grade

15 Qs

quiz-placeholder

Similar activities

MONEY AND CREDIT

MONEY AND CREDIT

10th Grade

10 Qs

MONEY AND CREDIT

MONEY AND CREDIT

10th Grade

20 Qs

Lesson 5- Credit and Debt EverFi

Lesson 5- Credit and Debt EverFi

9th - 12th Grade

14 Qs

Money & Credit

Money & Credit

10th Grade

20 Qs

Money and Credit

Money and Credit

10th Grade

10 Qs

Commercial Banks

Commercial Banks

10th Grade

17 Qs

Credit, Debt, and Loans

Credit, Debt, and Loans

9th - 12th Grade

15 Qs

MONEY AND CREDIT

MONEY AND CREDIT

10th Grade

20 Qs

Money and Credit

Money and Credit

Assessment

Quiz

Social Studies

10th Grade

Easy

Created by

Shivani Khetarpal

Used 2+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which one of the following statements is most appropriate regarding transaction made in money?

it is the easiest way

it is safest way

it is the cheapest way

it promotes trade

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which one of the following is the new way of providing loans to the rural poor?

Co-operative societies

Traders

Relatives and friends

SHG's

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

Saving account

Current account

Fixed deposits for long periods

Fixed deposits for very short periods

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which one of the following is the main source of credit for rich urban households in India?

Formal sector

Informal sector

Money lenders

Traders

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the main source of income for banks?

Interest on loans

Interest on deposits

Difference between the interest charged on borrowers and depositors

None of these

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which one 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

Deposits

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?