Ncert- class10-economics-Chapter 3: Money and Credit Welcome to your Ncert- class10-economics-Chapter 3: Money and Credit 1. An annuity left unpaid for a certain number of years is called _________ for that period. uniform annuity deferred annuity immediate annuity forborne annuity None 2. In a financial transaction, money can be exchanged in the form of _____ . all of these cheques coins currency notes None 3. According to _________, "Market means the general field within which, the force determining the price of particular product operate". Cournot Alfred Marshall Ely Stonier and Hague None 4. The number of times a unit money exchanges hands during a unit period of time is known as - Transactions velocity of money Face of circulation of money Income velocity of money Velocity of circulation of money None 5. Debt- trap occurs due to _____ . inability of the poor to repay back the loans at higher interest to money lenders farmer has to sell a part of his land to repay his loan and has no resources to generate income in the next year in case of crop failure, when the farmer get no return for the capital invested in buying agricultural inputs all of these None 6. Because money serves as a medium of exchange, it eliminates the need to write checks. The need for specialization. The use of commodities as money The need for a double coincidence of wants None 7. Co-operation, self help and mutual help are the working principle of : Reserve Bank of India Commercial banks Co-operative bank NABARD None 8. Which of the following statement is correct about 'Money'? With the invention of money, the limitations of barter system could be overcome Medium of exchange function is one of the most important and oldest function of money Money has a generalized purchasing power. All of above None 9. SHG's help the women and rural poor to become self-reliant ___________. Agriculturally Occasionally Industrially Financially None 10. The quantity theory of money seeks to explain the factors that __________. determine the credit creation process determine the general price level in an economy determine the gross domestic product in an economy determine the general national income level in an economy None 11. _______ 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. Interest Annuity None of above The present value None 12. ______, by its very nature, is the most liquid asset. Commodities Cash or official currency Cash Official currency None 13. Which of the following is a legal tender in a modern economy Bills of exchange Bank cheques Promissory notes Currency notes None 14. The FRBMA, stands for ____________. Funds Reallocation and Budget Management Act Fiscal Responsibility and Budget Management Act Finance Regulations and Bonds Management Association Foreign Regulation and Budget Management Act None 15. Credit creation is Process where the money is taken by lenders Process by which the money is taken by depositors Process where money is given by banks through loan All of the above None 16. Limitations for the demand of credit are Amount of loan granted should increase the paying capacity of borrower All of the above Bad debts should be avoided Demand should exist in the market None 17. Which of the following qualities of money is essential before it can perform any of its function? Legal sanction Durability Stability in value Acceptability None 18. Why do you think poor householders require more of these banks? There is greater demand of formal sources of credit. As credit requirement are more in villages. As the farmers are wealthy. Because moneylenders help them. None 19. _________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". Alfred Marshall Stonier and Hague Ely Cournot None 20. "Money is a matter of functions of four ___________. medium, measure, profit and store medium, quantity, standard and store medium, income, standard and store medium, measure, standard and store None Time's up Please Share This Share this content Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Leave a Reply Cancel replyCommentEnter your name or username to commentEnter your email address to commentEnter your website URL (optional) Save my name, email, and website in this browser for the next time I comment.
