CBSE Questions for Class 10 Economics Money And Credit Quiz 3 - MCQExams.com

'Money is a matter of functions four, a medium, a unit, a _______ and a store.
  • yardstick
  • token
  • value
  • standard
Micro-credit or micro-finance is a novel approach to banking with the poor. In this approach bank credit is extended to the poor through ______________.
  • Self Help Groups
  • Anganwadis
  • Cooperative Credit Societies
  • Reserve Bank of India
Which of the following states in India is at the top in the list of those who availed credit through Self Help Groups (SHGs) ?
  • Andhra Pradesh
  • Goa
  • Arunachal Pradesh
  • Kerala
A " hot money" or the "refugee capital" is one which ______________.
  • is transferred from one country to another for greater safety
  • is carned by a refugee
  • deposited by a refugee who is taking refugee in the country
  • none of these
Convertibility of the rupee implies that  _______________.
  • rupee notes can be converted into gold
  • the value of the rupee will be fixed by market forces
  • there is an easy conversion of rupee to other major currencies and vice versa
  • there is a developing market for international currencies in India
Which of the following is the abbreviated name of the new Act which deals with money laundering?
  • AILTA
  • PERDA
  • TERLS
  • PMLA
Which of the following is/are the major problem(s) of rural indebtedness ?
A) The Indian farmer borrows year after year but is not a position to clear off his loans.
B) The size of the loans taken by the Indian farmer is too large whereas his agricultural output is not large enough to play off his debt.
C) Most of the farmers are still taking loans from the informal sources, which charge a very high rate of interest.
  • Only A
  • Only B
  • Only C
  • All A, B and C
The approach of 'Micro-Credit' or 'Banking with the poor' is comparatively a new concept in the field of rural credit. This approach has been tried very successfully in which of the following countries?
  • Bangladesh
  • India
  • China
  • Japan
What has come to be called 'hot money'?
  • NRI Deposits
  • Hard Currency
  • Soft Currency
  • Foreign Assets
If credit facility applied for is rejected, the reasons therefore should be briefly mentioned in the __________.
  • loan applications received and disposal register
  • opinion reports
  • loan rejection register
  • none of the above
The most important reason for an investor to prefer a bank deposit is _________.
  • The credit worthiness of the Bank.
  • The Bank does not invest in the securities.
  • The Bank offers a guarantee.
  • All of the above.
Which of the following is not an institutional credit agency?
  • Cooperative Society
  • Moneylender
  • Commercial Banks
  • Regional Rural Banks
Which one is related with micro financing?
  • SHG
  • Anganwadi workers
  • Women Entrepreneurs
  • None of the above
Which of the following is known as Plastic money?
A. Demand Draft
B. Credit Card
C. Debit Card
  • Only (A)
  • Only (B)
  • Only (C)
  • Both (B) and (C)
Consider the following statement:
According to the provisions of FEMA, $$1999$$, cash in the form of coins and bank notes are included in 'Currency Notes'
According to the FEMA's provisions, ATM cards are not included in currency.
All 'money orders' can be treated as 'currency'.
Which of the above statement/s is/ are not true?
  • Only $$1$$
  • Only $$2$$
  • $$1$$ and $$3$$
  • Only $$3$$
Which of the following is considered an informal method of getting credit/finance?
  • Internet banking
  • Branch visits
  • Going to moneylenders
  • Telebanking
Which of the following is not the part of the scheduled banking structure in India?
  • Money lenders
  • Public sector nanks
  • Private sector banks
  • Regional rural banks
In case of Term Loans, the period of limitation is calculated as three years from ________.
  • date of documents
  • date of sanction
  • date of default
  • due date of each installment
Which of the following is part of the process of money laundering?
  • Placement of funds
  • Layering of funds
  • Integration of funds
  • All of a), b) and c)
Base Rate is the rate below which no Bank can allow their lending to anyone. Who sets up this 'Base Rate' for Banks?
  • Individual Bank Board
  • Ministry of Commerce
  • Ministry of Finance
  • Reserve Bank of India
Bad advances of a Bank are called _____________.
  • bad debt
  • book debt
  • non-performing assets
  • out-of-order accounts
The power of the commercial banks to expand deposits through expanding their loans and advances is known as which of the following?
  • Capital Expansion
  • Credit Expansion
  • Credit Control
  • Credit Creation
Which of the following services/products of banks is specially designed and launched to help students?
  • Personal loan
  • Corporate loan
  • Business loan
  • Education loan
Standard and Poor's is a Credit Rating Agency of international repute. Which of the following is one such agency of Indian origin?
  • IBA
  • BASEL
  • SEBI
  • CRISIL
As published in various newspapers, the Experian Credit Information Company of India is going to launch its operation in India soon. At present the only credit information bureau functional in India is
  • AMFI
  • ICRA
  • CIBIL
  • CRISIL
The term 'Plastic Money' refers to ___________________.
  • ATM cards
  • plastic-coated currency notes
  • foreign currency notes
  • traveler's cheque
The working group set up by the RBI has suggested the launch of an Emergency Fund Facility Scheme for banks. This scheme will help which of the following types of banks?
  • Public Sector Banks
  • Small Banks
  • Urban Cooperative Banks
  • Private Banks
Bank issues a letter to beneficiary on behalf of its constituents like guarantee for making payment on their behalf on fulfilment of its terms and conditions. What is this arrangement known in banking context?
  • Line of Credit
  • Loan to Client
  • Letter of Credit
  • Loan against Credit
The value of money is _________.
  • increasing
  • decreasing
  • constant
  • unstable
Money is not a good store of value.
  • True
  • False
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