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WorksheetsMONEY AND CREDIT
Total questions: 20
Worksheet time: 10mins
At present which form of money is increasingly used apart from paper money?
(a) bitcoins
(b) Metallic money
(c) Plastic money
(d) All the above
What percentage of deposits are kept as cash by the commercial banks in India?
25%
20%
15%
10%
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
Under Barter System the exchange of goods require ____.
Double coincidence of wants
A good transport system
Advertising
Communication
_______________________is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.
Currency
Collateral
Credit Card
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
Terms of credit does not include
Interest rate
Collateral
Cheque
Mode of repayment
Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called _________.
Fixed deposits
Demand deposits
Bonds
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
______ and _______ credit is crucial for the country's development
Accessible and affordable
Timely and feasible
Less and high amount of
Cheap and affordable
A typical SHG has ______ members.
15 to 20
20 to 25
25 to 30
30 to 35
Money as a medium of exchange has removed the problem of …………. of wants.
(a)
SHGs help borrowers overcome the problem of lack of ______
terms of credit
collateral
credit
loan
Money :
(a) eliminates double-coincidence of wants
(b) acts as a common measure of value
(c) acts as a store of value
(d) all the above
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
