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