Money and Credit, grade 10

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

• (a) Traders

• (b) Cooperative societies

• (c) Moneylenders

• (d) Friends and relatives

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.

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

• (a) Gold

• (b) Paper notes

• (c) Silver

• (d) Copper

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

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

• (a) Friends

• (b) Relatives

• (c) Landlords

• (d) Moneylenders

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

• (a) Charter system

• (b) Barter system

• (c) barbarous system

• (d) None of these

Grameen Bank was started in:

• Bengal

• Bangladesh

• Sri lanka

• India

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

• (a) Banks

• (b) Members

• (c) Non-government organisation

• (d) Cooperative

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

• (a) Money-lender

• (b) Relatives and Friends

• (c) Commercial Banks

• (d) Traders

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