Ncert- class10-economics-Chapter 3: Money and Credit Welcome to your Ncert- class10-economics-Chapter 3: Money and Credit 1. 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 2. SHG's help the women and rural poor to become self-reliant ___________. Agriculturally Industrially Occasionally Financially None 3. ______, by its very nature, is the most liquid asset. Cash Cash or official currency Official currency Commodities None 4. In a financial transaction, money can be exchanged in the form of _____ . cheques all of these coins currency notes None 5. The FRBMA, stands for ____________. Foreign Regulation and Budget Management Act Fiscal Responsibility and Budget Management Act Funds Reallocation and Budget Management Act Finance Regulations and Bonds Management Association None 6. "Money is a matter of functions of four ___________. medium, quantity, standard and store medium, measure, standard and store medium, income, standard and store medium, measure, profit and store None 7. The quantity theory of money seeks to explain the factors that __________. determine the general price level in an economy determine the general national income level in an economy determine the credit creation process determine the gross domestic product in an economy None 8. 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 9. Limitations for the demand of credit are Demand should exist in the market Amount of loan granted should increase the paying capacity of borrower Bad debts should be avoided All of the above None 10. Co-operation, self help and mutual help are the working principle of : Commercial banks Reserve Bank of India NABARD Co-operative bank None 11. Which of the following qualities of money is essential before it can perform any of its function? Stability in value Acceptability Durability Legal sanction None 12. _______ 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 The present value None of above None 13. Which of the following statement is correct about 'Money'? Medium of exchange function is one of the most important and oldest function of money All of above With the invention of money, the limitations of barter system could be overcome Money has a generalized purchasing power. None 14. Which of the following is a legal tender in a modern economy Currency notes Bills of exchange Promissory notes Bank cheques None 15. An annuity left unpaid for a certain number of years is called _________ for that period. immediate annuity uniform annuity deferred annuity forborne annuity None 16. Credit creation is Process where the money is taken by lenders Process where money is given by banks through loan All of the above Process by which the money is taken by depositors None 17. Because money serves as a medium of exchange, it eliminates The use of commodities as money The need for a double coincidence of wants the need to write checks. The need for specialization. None 18. Debt- trap occurs due to _____ . 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 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 None 19. The number of times a unit money exchanges hands during a unit period of time is known as - Velocity of circulation of money Income velocity of money Face of circulation of money Transactions velocity of money None 20. _________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 Cournot 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.
