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- 1. Multiple Choice
Which among the following banks issues currency notes on behalf of the Central Government in India?
(a) RBI
(b) State Bank of India
(c) Bank of India
(d) Central Bank of India
- 2. Multiple Choice
An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment refers to
(a) Debt
(b) Deposit
(c) Credit
(d) Collateral
- 3. Multiple Choice
Which body (authority) supervises the functioning of formal sources of loans?
(a) Finance Ministry
(b) Head Office of each Bank
(c) Reserve Bank
(d) Cooperative Societies
- 4. Multiple Choice
Money-lenders usually demand a ‘security’ from the borrower. What is the formal word used for the ‘security’, such as land, vehicle, livestock, building, etc.?
(a) Deposit
(b) Collateral
(c) Credit
(d) Guarantee
- 5. Multiple Choice
A typical Self Help Group usually has
(a) 100-200 members
(b) 50-100 members
(c) less than 10 members
(d) 15-20 members
- 6. Multiple Choice
Which of the following is not an informal source of credit?
(a) Money-lender
(b) Relatives and Friends
(c) Commercial Banks
(d) Traders
- 7. 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
- 8. Multiple ChoiceWhat prevents the poor from getting bank credit?absence of collateraldocumentation procedurehigh rate of interestnone of these
- 9. Multiple Choice
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
- 10. Multiple Choice
Goods are directly exchanged without the use of money in this system.
Cooperative system
Bank system
Barter system
Pascal system
- 11. Multiple Choice
No individual in India can legally refuse a payment made in _________.
Rupees
money
deposits
cheque
- 12. Multiple Choice
In India, the ________ of India issues currency notes on behalf of the central government
The Reserve Bank of India
The Federal Bank of India
The Central Bank of India
The World Bank
- 13. Multiple ChoiceWho is the founder of Grameen Bank of Bangladesh?Mohammad YunusMohammad KasimMohammad TuglaqMohammad Zakir
- 14. Multiple ChoiceIn a SHG most of the decisions regarding loan activities are taken byBanksMembersNon-government organisationCooperative
- 15. Multiple Choice
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
- 16. Multiple Choice
Which one of the following is the main source of credit for rich urban households in India?
Formal sector
Informal sector
Money lenders
Traders
- 17. Multiple Choice
What is debt?
Money that is spent
Money that is owed because of borrowing
Money that you lend to others
- 18. Multiple Choice
Deposits in the bank accounts can be withdrawn on demand, therefore these deposits are called
(a) Returnable deposits
(b) Acceptable Deposits
(c) Demand deposits
(d) None of the above
- Answer choicesTagsAnswer choicesTags