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- 1. Multiple ChoiceWhen a person wants to sell exactly what the other person wants to buy. This situation is known asBarter SystemDouble coincidence of wantsTradingNone of these
- 2. Multiple ChoiceWhich authority regulate and overlook the credit sysetm and economic activites in IndiaNSSOCBIFinance MinisterRBI
- 3. Multiple ChoiceWhich one is an example of Informal Source of CreditBanksCooperative SocietiesMoney LenderAll of these
- 4. Multiple ChoiceWhat is the form of money in medieval period?CowriesPaper NotesMetallic CoinsBarter System
- 5. Multiple ChoiceWho is the founder of Grameen Bank of Bangladesh?Mohammad YunusMohammad KasimMohammad TuglaqMohammad Zakir
- 6. Multiple ChoiceA financial institution which accepts deposits from public and provide loans to them.Share MarketInsurance CompanyBanksAll of these
- 7. Multiple ChoiceWhat prevents the poor from getting bank credit?absence of collateraldocumentation procedurehigh rate of interest
All of these
- 8. Multiple ChoiceDebt-trap means :Ability to pay back loanExtravaganceNone of the aboveIncreasing debt
- 9. Multiple ChoiceWhich one is the following is the important characteristic of modern form of currency?It is made from precious metalIt is made from thing of everyday useIt is authorized by commercial banksIt is authorized by the Government of the country
- 10. Multiple ChoiceWhat will be collateral for a car loan?
Stamp and Vehicle registration papers
Registration papersInstallmentsInterest payment - 11. Multiple ChoiceMoney can be best described asMedium of transactionMedium of exchangeDeposit in BanksPayment through cheque
- 12. Multiple ChoiceAn asset that the borrowers own, and use this as a guarantee to the lender, until the loan is repaid.SecurityCollateralPropertyAll of these
- 13. Multiple ChoiceWhich one of the following is not a modern form of money?Demand depositsPaper currencyCoinsPrecious metals
- 14. Multiple ChoiceWho has power to sign One rupees paper note in India?Governer of RBIPresidentFinance SecretaryFinance Minister
- 15. Multiple ChoiceMore money purchasing less goods and services meansDeflationInflationStagflationNone of these
- 16. Multiple ChoiceInterest payment will be higher on a home loan on account ofhigh tenure of loanlack of proper documentationhigh risk of borrower profileAll of these
- 17. Multiple ChoiceReserve bank of India grants loans toGeneral publicPrivate CompaniesCommercial BanksAll of these
- 18. Multiple ChoiceNumber of Reserve Banks in a country isTwoThreeOneFive
- 19. Multiple ChoiceIn a SHG most of the decisions regarding loan activities are taken byBanksMembersNon-government organisationCooperative
- 20. Multiple ChoiceReserve Bank of India was nationalised on1st January 19471st January 19481st January 19491st January 1960
- Answer choicesTagsAnswer choicesTags