20/09/2020 MCQ Questions for Class 10 Economics Chapter 3 Money and Credit with Answers

NCERT SOLUTIONS RD SHARMA SOLUTIONS RS AGGARWAL SOLUTIONS CBSE SAMPLE PAPERS ML AGGARWAL SOLUTIONS

CONCISE MATHEMATICS CLASS 10 ICSE SOLUTIONS 2018 NCERT SOLUTIONS EXTRA QUESTIONS MCQ QUESTIONS

MCQ Questions for Class 10 Economics

Chapter 3 Money and Credit with Answers
September 1, 2020 by Prasanna — Leave a Comment

Check the below NCERT MCQ Questions for Class 10 Economics Chapter 3 Money and Credit with Answers
Pdf free download. MCQ Questions for Class 10 Social Science with Answers were prepared based on the
latest exam pattern. We have Provided Money and Credit Class 10 Economics MCQs Questions with
Answers to help students understand the concept very well.

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Money and Credit Class 10 MCQs Questions with

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Question 1.
Which one of the following is a formal source of credit?
(a) Traders
(b) Cooperative societies
(c) Moneylenders
(d) Friends and relatives

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20/09/2020 MCQ Questions for Class 10 Economics Chapter 3 Money and Credit with Answers

NCERT SOLUTIONS RD SHARMA SOLUTIONS RS AGGARWAL SOLUTIONS CBSE SAMPLE PAPERS ML AGGARWAL SOLUTIONS

Answer

Question 2.
Which one of the following is the appropriate meaning of collateral?
(a) It is the sum total of money borrowed from banks.
(b) The amount borrowed from friends.
(c) It is an asset of the borrower used as guarantee to a lender.
(d) The amount invested in a business.

Answer

Question 3.
Which one of the following is a modern form of currency?
(a) Paper notes
(b) Gold
(c) Silver
(d) Copper

Answer

Question 4.
Which one of the following is the newer way of providing loans to the rural poor, particularly women?
(a) Cooperative Banks
(b) Grameen Banks
(c) Self-Help Groups
(d) Moneylenders

Answer

Question 5.
Which of the following is the main informal source of credit for rural households in India?
(a) Friends
(b) Relatives
(c) Landlords
(d) Moneylenders

Answer

Question 6.
Name the system in which the double coincidence of wants is an essential feature.
(a) Barter system
EXTRA STUDY CBSE NCERT CBSE 2020 CLASS 6TH 7TH 8TH 9TH 10TH 11TH 12TH
(b) Money economy
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20/09/2020 MCQ Questions for Class 10 Economics Chapter 3 Money and Credit with Answers
(c) Global economy
(d) NCERT SOLUTIONS
None of these RD SHARMA SOLUTIONS RS AGGARWAL SOLUTIONS CBSE SAMPLE PAPERS ML AGGARWAL SOLUTIONS

Answer

Question 7.
Grameen Bank of Bangladesh was started in
(a) 1960s
(b) 1970s
(c) 1980s
(d) 1990s

Answer

Question 8.
In a SHG, most of the decisions regarding loan activities are taken by
(a) Banks
(b) Members
(c) Non-government organisation
(d) Cooperative

Answer

Question 9.
Which of the following is not an informal source of credit?
(a) Money-lender
(b) Relatives and Friends
(c) Commercial Banks
(d) Traders

Answer

Question 10.
In which country is the Grameen Bank meeting the credit needs of over 6 million poor people?
(a) Bhuta
(b) Sri Lanka
(c) Bangladesh
(d) Nepal

Answer

Question 11.
Which is not the main source of credit from the following for rural households in India?
(a) Traders
(b) Relatives and friends
(c) Commercial Banks
(d) Moneylanders

Answer

Question 12.
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What portion of deposits MATERIALS
are kept NOTES forBOOKS
by the banks their daySYLLABUS
to day transaction? MCQS MCQS MCQS MCQS MCQS MCQS MCQS

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20/09/2020 MCQ Questions for Class 10 Economics Chapter 3 Money and Credit with Answers
(a) 10%
(b) NCERT
15% SOLUTIONS RD SHARMA SOLUTIONS RS AGGARWAL SOLUTIONS CBSE SAMPLE PAPERS ML AGGARWAL SOLUTIONS
(c) 20%
(d) 25%

Answer

Question 13.
Which households take more loans from the formal sector?
(a) Poor households and rich household.
(b) Well off households and households with few assets.
(c) Poor households and well off households
(d) Well off households and rich households.

Answer

Question 14.
Which among these is an essential feature of barter system?
(a) Money can easily exchange any commodity
(b) It is based on double co-incidence of wants
(c) It is generally accepted as a medium of exchange of goods with money
(d) It acts as a measure and store of value

Answer

Question 15.
Which one of the following is the main source of credit for the rich households?
(a) Informal
(b) Formal
(c) Both formal and informal
(d) Neither Formal nor informal

Answer

Question 16.
Which one of the following is not a formal source of credit?
(a) Commercial Banks
(b) State Bank of India
(c) Employers
(d) Co-operatives

Answer

Question 17.
Which one of the following agencies issues currency notes on behalf of the government of India?
(a) Ministry of Finance
(b) Reserve Bank of India
(c) State Bank of India
(d) World Bank

Answer

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20/09/2020 MCQ Questions for Class 10 Economics Chapter 3 Money and Credit with Answers
Question 18.
NCERT
Formal SOLUTIONS
Sources RD SHARMA
of credit include : SOLUTIONS RS AGGARWAL SOLUTIONS CBSE SAMPLE PAPERS ML AGGARWAL SOLUTIONS
(a) money lenders
(b) co-operatives
(c) Employers
(d) Finance companies

Answer

Question 19.
Which one of the following is NOT an informal sector loans for poor rural household in India?
(a) Commercial Banks
(b) Moneylenders
(c) Traders
(d) Landlords

Answer

Question 20.
Which one of the following is not a modern form of money?
(a) Demand Deposits
(b) Paper currency
(c) Coins
(d) Precious metals

Answer

Question 21.
Identify the formal source of credit:
(a) Cooperative societies
(b) Moneylenders
(c) Traders
(d) Landlords

Answer

Question 22.
Who helps the borrowers to overcome the problem of lack of collateral?
(a) Self-help group (SHG)
(b) State government
(c) Employers
(d) Moneylenders

Answer

Question 23.
Which of the following is not a modern form of money?
(a) Paper notes
(b) Demand deposits
(c) Silver coins
(d) None of the above

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20/09/2020 MCQ Questions for Class 10 Economics Chapter 3 Money and Credit with Answers

NCERT SOLUTIONS RD SHARMA SOLUTIONS RS AGGARWAL SOLUTIONS CBSE SAMPLE PAPERS ML AGGARWAL SOLUTIONS
Question 24.
Formal sources of credit include
(a) banks
(b) moneylenders
(c) employers
(d) all the above

Answer

Question 25.
Rate of interest charged by moneylenders as compared to that charged by banks is:
(a) lower
(b) same
(c) slightly higher
(d) much higher

Answer

Question 26.
Which state accounts for maximum percentage of SHGs (self-help groups) in bank credit?
(a) Andhra Pradesh
(b) Tamil Nadu
(c) Kerala
(d) Karnataka

Answer

Question 27.
Who supervises the credit activities of lenders in the informal sector?
(a) Central Bank of India
(b) Commercial banks
(c) Moneylenders
(d) None

Answer

Question 28.
At present which form of money is increasingly used apart from paper money?
(a) Commodity money
(b) Metallic money
(c) Plastic money
(d) All the above

Answer

Question 29.
Currency is issued in India by :
(a) commercial banks
(b) regional rural banks
(c) nationalised banks
(d) Reserve Bank ofEXTRA
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20/09/2020 MCQ Questions for Class 10 Economics Chapter 3 Money and Credit with Answers
Answer
NCERT SOLUTIONS RD SHARMA SOLUTIONS RS AGGARWAL SOLUTIONS CBSE SAMPLE PAPERS ML AGGARWAL SOLUTIONS

Question 30.
The part of the total deposits which a bank keeps with itself in cash is
(a) zero
(b) a small proportion
(c) a big proportion
(d) 100 percent

Answer

Question 31.
System of exchanging goods for goods is called:
(a) monetary system
(b) credit system
(c) barter system
(d) exchange system

Answer

Question 32.
Money
(a) eliminates double-coincidence of wants
(b) acts as a common measure of value
(c) acts as a standard of deferred payments
(d) all the above

Answer

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