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