1.
Megha has taken a loan of Rs. 5 lakhs from the bank to purchase a house. The annual interest rate on the bank is 12% and the loan is to be repaid in 10 years in monthly installments. Megha had to submit to the bank, documents showing her employment records and salary before the bank agreed to give her the loan the bank relined as collateral the papers of the new house, which will be returned to megha only when she repays the entire loan with interest.
Assertion: ISI and AGMARK are logos and certification which help consumers get assured of quality while purchasing goods and services.
Reason LPG cyhaders, food colours and additions, cement, packaged drinking water etc. need certification because it affects the health and safety of consumers.
2.
Megha has taken a loan of Rs. 5 lakhs from the bank to purchase a house. The annual interest rate on the bank is 12% and the loan is to be repaid in 10 years in monthly installments. Megha had to submit to the bank, documents showing her employment records and salary before the bank agreed to give her the loan the bank relined as collateral the papers of the new house, which will be returned to megha only when she repays the entire loan with interest.
What is the correct definition of Self Help Groups?
3.
What happens if the good is found to be defective and the expiry period is not printed on the goods?
4.
What are 'demand deposits'?
5.
The cost to the borrower of informal loans is much higher. Is it true?
6.
Consider the following Statements: (i) ISI mark is given under Bureau of Food standard Act, (ii) Consumer Protection Act was fraud to restrict sale of luscury goods. (iii) ISI is the certification mark which is used in the case of food products. (iv) AGMARK is meant for metal products. Which of the above statement(s) is/ are correct?
7.
Megha has taken a loan of Rs. 5 lakhs from the bank to purchase a house. The annual interest rate on the bank is 12% and the loan is to be repaid in 10 years in monthly installments. Megha had to submit to the bank, documents showing her employment records and salary before the bank agreed to give her the loan the bank relined as collateral the papers of the new house, which will be returned to megha only when she repays the entire loan with interest.
What was the loan amount which was taken be Megha?
8.
While buying many commodities on the cover we can see a logo with the letters ISI, AGMARK or Hallmark. It helps consumers get assured of quality while purchasing the goods and services. Though these goods and services. Though these organisations develop quality standards for many products, it is not compulsory for all producers to follow standards. OPRA is a short term for consumer protection Act which was passed by the government of India in 1986 on 24th December and every gear this day is celebrated as consumers' day in India. These are 500 Distinct consumer courts in the country
AGMARK is the certification maintained for the standardization of
11.
Consider the following statements: (i) Modern forms of money include curry paper rates and coins. (ii) State bank of India issues currency, notes on behalf of the control government. (iii) No individual in India can legally refuse a payment made in rupees (iv) No other organisation except SBI is allowed to issue currency. Which of the above statements are correct?
12.
Megha has taken a loan of Rs. 5 lakhs from the bank to purchase a house. The annual interest rate on the bank is 12% and the loan is to be repaid in 10 years in monthly installments. Megha had to submit to the bank, documents showing her employment records and salary before the bank agreed to give her the loan the bank relined as collateral the papers of the new house, which will be returned to megha only when she repays the entire loan with interest.
Assertion: Cheques and demand drafts are also known as modern currency.
Reason: Cheques or demand drafts are widely accepted as a means of payment and it make it possible to directly settle payments without the use of cash.
13.
Which of the following are Informal sector loans?
(i) Loan from relative
(ii) Loan from trader
(iii) Loan from moneylender
(iv) Loan from employer
14.
In 1985 what was done by the United Nations to ensure protection of consumer?
15.
While buying many commodities on the cover we can see a logo with the letters ISI, AGMARK or Hallmark. It helps consumers get assured of quality while purchasing the goods and services. Though these goods and services. Though these organisations develop quality standards for many products, it is not compulsory for all producers to follow standards. OPRA is a short term for consumer protection Act which was passed by the government of India in 1986 on 24th December and every gear this day is celebrated as consumers' day in India. These are 500 Distinct consumer courts in the country.
Day when COPRA was passed is celebrated as -
16.
What do you mean by 'credit'?
17.
While buying many commodities on the cover we can see a logo with the letters ISI, AGMARK or Hallmark. It helps consumers get assured of quality while purchasing the goods and services. Though these goods and services. Though these organisations develop quality standards for many products, it is not compulsory for all producers to follow standards. OPRA is a short term for consumer protection Act which was passed by the government of India in 1986 on 24th December and every gear this day is celebrated as consumers' day in India. These are 500 Distinct consumer courts in the country.
How many district consumer courts are there in the country?
19.
What does modern form of currency include?
21.
Is there any organization which supervises the credit activities of lenders in the informal sectors?
22.
Consider the following Statements: (i) Reserve Bank India grants loans to commercial banks. (ii) Prof. Muhammad Yunus was the founder of Grameen Bank. (iii) Cheque is as example of plastic money. (iv) Moneylender is on example of Reserve Bank of India. Which of the above statements are correct?
23.
How many members are there in SHG?
24.
Megha has taken a loan of Rs. 5 lakhs from the bank to purchase a house. The annual interest rate on the bank is 12% and the loan is to be repaid in 10 years in monthly installments. Megha had to submit to the bank, documents showing her employment records and salary before the bank agreed to give her the loan the bank relined as collateral the papers of the new house, which will be returned to megha only when she repays the entire loan with interest.
Assertion: India is one of the many countries in the world which has exclusive courts for consumer redressal.
Reason: Hallmark is the certification maintained for standardisation of jewellery.
27.
Which right makes sure that the manufacturer displays all information on the packing of the product?
28.
Introduction of ...........eliminated the need for double coincidence of wants.
29.
What is the income of a bank?
30.
The district level court deals with the cases involving claims up to
31.
Megha has taken a loan of Rs. 5 lakhs from the bank to purchase a house. The annual interest rate on the bank is 12% and the loan is to be repaid in 10 years in monthly installments. Megha had to submit to the bank, documents showing her employment records and salary before the bank agreed to give her the loan the bank relined as collateral the papers of the new house, which will be returned to megha only when she repays the entire loan with interest.
What kind of documents are required for the approval of loan?
32.
Megha has taken a loan of Rs. 5 lakhs from the bank to purchase a house. The annual interest rate on the bank is 12% and the loan is to be repaid in 10 years in monthly installments. Megha had to submit to the bank, documents showing her employment records and salary before the bank agreed to give her the loan the bank relined as collateral the papers of the new house, which will be returned to megha only when she repays the entire loan with interest.
What is the period fixed duration for paying the loan?
33.
In rural areas, what is the major reason behind taking the credit?
35.
Absence of.....is one of the major reasons which prevent the poor from getting bank loans.
