Table of Contents
MCQ’s ON MONEY AND CREDIT
ALSO VISIT : SECTORS OF INDIAN ECONOMY FOR MRSAFPI
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11.Which of the following is a source of cheap credit?
A. Moneylenders
B. Banks
C. Cooperatives
D. Both (B) and (C)
Answer: D
12.Which organisation supervises the credit activities of the lender in the ‘informal sector’?
A. Self help groups
B. Krishak Cooperatives
C. Gram Panchayat
D .None of these
Answer: D
13. In a self help group, most of the important decisions regarding the savings and loan activities are taken by the………………..
A. Government
B. Group members
C. Group leader
D. Banks
Answer: B
14.Rich households in urban areas avail cheap credit from…………..
A. Formal sources
B. Informal sources
C. Government
D. All of the above
Answer: A
15.Rate of interest charged by moneylenders as compared to that charged by the bank is:
A. Lower
B. Same
C. Slightly Higher
D. Much Higher
Answer: D
16.Which of the following is a major reason which prevents the poor from getting bank loans?
A. Absence of collateral (security)
B. Non-repayment of loans
C. Higher interest rates
D. Documentation
Answer: A
17.Who helps the borrowers to overcome the problem of lack of collateral?
A. Self help groups
B.State Government
C. Employers
D. Moneylenders
Answer: A
18.Self help groups also discuss the following social problems.
A. Health
B. Nutrition
C. Domestic violence
D. All of the above
Answer: D
19.When both the parties agree to sell and buy each other’s commodities is known as
A. Measure of value
B. Double coincidence of wants
C. Store of value
D. Credit
Answer: B
20.In a Self help Group most of the decisions regarding savings and loan activities are taken by
A. Bank
B. Members
C. Non-Government Organisations
D. None of these
Answer: B
ALSO VISIT : SECTORS OF INDIAN ECONOMY FOR MRSAFPI
DOWNLOAD MOBILE APPLICATION TO LEARN MORE: MCQ’s ON MONEY AND CREDIT