Worksheets10 - Money and Credit
Total questions: 20
Worksheet time: 10mins
Banks provide a higher rate of interest on which of the following accounts?
Saving account
Fixed account for long period of time
Current account
Fixed account for short period of time
What percentage of deposits are kept as cash by the commercial banks in India?
25%
20%
15%
10%
What is Statutory Liquidity Reserve?
Statutory Liquidity Reserve is a certain percentage of the total deposits that must be kept with the commercial bank.
Statutory Liquidity Reserve is a certain percentage of the total bank deposits must be kept with the Central Bank of the country (RBI)
An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment refers to;
Debt
Deposit
Credit
Collateral
The modern forms of money include ____________ and ____________ .
Currency notes; gold -silver coins
Coins; currency notes
A ____________ is the apex institution of monetary system of a country.
Central Bank
State Bank
Grameen Bank
Currency (coins and notes) is a ____________ which cannot be refused in payment for transactions.
Legal tender
Illegal tender
_______________________is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.
Currency
Collateral
Credit Card
A situation in which more persons are employed on a job than are optimally required is:
Seasonal unemployment
Cyclical unemployment
Disguised unemployment
The service sector includes activities such as:
agriculture, dairy, fishing and forestry
making sugar, jaggery and bricks
transport, communication and banking
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.
A (a) is the apex institution of monetary system of a country.
How many languages are seen on an Indian Currency note?
15
18
17
16
