WorksheetsMONEY AND CREDIT 2
Total questions: 10
Worksheet time: 5mins
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
Which one of the following is the main source of credit for rich urban households in India?
Formal sector
Informal sector
Money lenders
Traders
Whether credit would be useful or not depends on
- whether there is some support in case of loss
- action of competitors
- market response
- risks in the situation
1 and 3
2 and 4
2 and 3
1 and 4
After a year or two if the SHG is regular in savings, it becomes eligible for availing loan from
Cooperative societies
Money lenders
Bank
Traders
Terms of credit does not include
Interest rate
Collateral
Cheque
Mode of repayment
What percentage of deposits are kept as cash by the commercial banks in India?
25%
20%
15%
10%
Choose the correct meaning of organised sector:
It covers those enterprises where the terms of employment are regular.
It is outside the control of the government.
Jobs are not regular.
It provides low salaries.
Which of the following examples does not fall under unorganised sector?
A farmer irrigating his field.
A daily wage labourer working for a contractor.
A doctor in a hospital treating a patient.
A handloom weaver working on a loom in her house.
