Practice Test– Class 10 – Social Science -Economics-Chapter : 3 :Money and Credit

Because money serves as a medium of exchange, it eliminates

______, by its very nature, is the most liquid asset.

In a financial transaction, money can be exchanged in the form of _____ .

The FRBMA, stands for ____________.

"Money is a matter of functions of four ___________.

An annuity left unpaid for a certain number of years is called _________ for that period.

Which of the following statement is correct about 'Money'?

Co-operation, self help and mutual help are the working principle of :

SHG's help the women and rural poor to become self-reliant ___________.

_______ of a given sum of money due at the end of a certain period of time is that sum which if invested now at the given rate of interest accumulates to the given sum at the end of the period.

_________defines market as, " not any particular market place in which things are bought and sold, but the whole of any region in which buyers and sellers are in such free intercourse with each other that the prices of the same goods tend to equality easily and quickly".

The quantity theory of money seeks to explain the factors that __________.

According to _________, "Market means the general field within which, the force determining the price of particular product operate".

Why do you think poor householders require more of these banks?

Which of the following qualities of money is essential before it can perform any of its function?

Limitations for the demand of credit are

Debt- trap occurs due to _____ .

Credit creation is

The number of times a unit money exchanges hands during a unit period of time is known as -

Which of the following is a legal tender in a modern economy