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

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

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

Limitations for the demand of credit are

_______ 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.

Debt- trap occurs due to _____ .

Because money serves as a medium of exchange, it eliminates

"Money is a matter of functions of four ___________.

Credit creation is

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

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

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

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

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

_________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".

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?

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

The FRBMA, stands for ____________.

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

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