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

Quiz
•
Social Studies
•
10th Grade
•
Easy
Shivani Khetarpal
Used 2+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
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
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