Free Printable Money and Credit, grade 10

1.

Which one of the following is a formal source of credit?

a)

(a) Traders

b)

(b) Cooperative societies

c)

(c) Moneylenders

d)

(d) Friends and relatives

2.

Which one of the following is the appropriate meaning of collateral?

a)

(a) It is the sum total of money borrowed from banks.

b)

(b) The amount borrowed from friends.

c)

(c) It is an asset of the borrower used as guarantee to a lender.

d)

(d) The amount invested in a business.

3.

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

a)

(a) Gold

b)

(b) Paper notes

c)

(c) Silver

d)

(d) Copper

4.

Which one of the following is the newer way of providing loans to the rural poor, particularly women?

a)

(a) Cooperative Banks

b)

(b) Grameen Banks

c)

(c) Self-Help Groups

d)

(d) Moneylenders

5.

Which of the following is the main informal source of credit for rural households in India?

a)

(a) Friends

b)

(b) Relatives

c)

(c) Landlords

d)

(d) Moneylenders

6.

Name the system in which the double coincidence of wants is an essential feature.

a)

(a) Charter system

b)

(b) Barter system

c)

(c) barbarous system

d)

(d) None of these

7.

Grameen Bank was started in:

a)

Bengal

b)

Bangladesh

c)

Sri lanka

d)

India

8.

In a SHG, most of the decisions regarding loan activities are taken by:

a)

(a) Banks

b)

(b) Members

c)

(c) Non-government organisation

d)

(d) Cooperative

9.

Which of the following is not an informal source of credit?

a)

(a) Money-lender

b)

(b) Relatives and Friends

c)

(c) Commercial Banks

d)

(d) Traders

10.

Which is not the main source of credit from the following for rural households in India?

a)

(a) Traders

b)

(b) Relatives and friends

c)

(c) Commercial Banks

d)

(d) Moneylanders

11.

What portion of deposits are kept by the banks for their day to day transaction?

a)

(a) 10%

b)

(b) 15%

c)

(c) 20%

d)

(d) 25%

12.

Which households take more loans from the formal sector?

a)

(a) Poor households and rich household.

b)

(b) Well off households and households with few assets.

c)

(c) Poor households and well off households

d)

(d) Well off households and rich households.

13.

Which one of the following is not a formal source of credit?

a)

(a) Commercial Banks

b)

(b) State Bank of India

c)

(c) Employers

d)

(d) Co-operatives

14.

Which one of the following agencies issues currency notes on behalf of the government of India?

a)

(a) Ministry of Finance

b)

(b) Reserve Bank of India

c)

(c) State Bank of India

d)

(d) World Bank

15.

Identify the formal source of credit:

a)

(a) Cooperative societies

b)

(b) Moneylenders

c)

(c) Traders

d)

(d) Landlords

16.

Which state accounts for maximum percentage of SHGs (self-help groups) in bank credit?

a)

(a) Andhra Pradesh

b)

(b) Tamil Nadu

c)

(c) Kerala

d)

(d) Karnataka

17.

At present which form of money is increasingly used apart from paper money?

a)

(a) Commodity money

b)

(b) Metallic money

c)

(c) Plastic money

d)

(d) All the above

18.

Money

a)

(a) eliminates double-coincidence of wants

b)

(b) acts as a common measure of value

c)

(c) acts as a standard of deferred payments

d)

(d) all the above

Money and Credit, grade 10

Total questions: 18

Worksheet time: 7mins

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