Concept Maps and MCQs on Money and Credit
1. Barter System: Exchange of goods without use of money.
2. Double Coincidence of wants
3. Money as Medium of Exchange
4. Bank Loan
Q1: Which one of the following is not an informal sector of credit?
(c) Money Lenders
Q2: Grameen Bank is a success story of
Q3: Which of the following can be considered as the modern form(s) of money?
(d) All of these
Q4: Which of the following households constitutes the largest segment of borrowers in the formal sector of credit?
(a) Poor households
(b) Rich households
(c) Well-off households
(d) Households with few assets
Q5(CBSE 2011): Which one of the following authorises money as a medium of exchange?
(a) Reserve Bank of India
(b) Self Help Groups
(c) The Central Government
(d) The President of India
Q6(CBSE 2011): What do you mean by collateral?
(a) It is the total sum of money with a person
(b) It is the things kept in the locker
(c) It is the guarantee given by the lender to the borrower.
(d) It is the security to a lender until the loan is repaid
Q7: Banks do not give loans:
(a) to small farmers
(b) to marginal farmers
(c) to industries
(d) without proper collateral and documents
1: (b) SHGs
2: (b) Bangladesh
3: (d) All of these
4: (b) Rich households
5: (a) Reserve Bank of India
6: (c) It is the guarantee given by the lender to the borrower.
7: (d) without proper collateral and documents