CBSE Class 10 Social Science Chapter 3 Money and Credit Multiple Choice Questions with Answers. MCQ Class 10 Economics Money and Credit with Answers was Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 10 Economics Money and Credit MCQs with Answers to know their preparation level.
Students who are searching for NCERT MCQ Questions for Class 10 Economics Money and Credit with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 10 Social Science with Answers. You can also verify your answers from our provided MCQ Class 10 Economics Money and Credit with Answers. So, ace up your preparation with MCQ of Chapter 3 Economics Objective Questions.
MCQ Class 10 Economics Money and Credit with Answers - Set - 1
Question 1:
In which country is the Grameen Bank meeting the credit needs of over 6 million poor people?
(a) Bhuta
(b) Sri Lanka
(c) Bangladesh
(d) Nepal
Correct Answer – (C)
Question 2 :
In a SHG, most of the decisions regarding loan activities are taken by
(a) Banks
(b) Members
(c) Non-government organisation
(d) Cooperative
Correct Answer – (B)
Question 3 :
Name the system in which the double coincidence of wants is an essential feature.
(a) Barter system
(b) Money economy
(c) Global economy
(d) None of these
Correct Answer – (A)
Question 4 :
Which one of the following is the newer way of providing loans to the rural poor, particularly women?
(a) Cooperative Banks
(b) Grameen Banks
(c) Self-Help Groups
(d) Moneylenders
Correct Answer – (C)
Question 5 :
Which one of the following is the appropriate meaning of collateral?
(a) It is the sum total of money borrowed from banks.
(b) The amount borrowed from friends.
(c) It is an asset of the borrower used as guarantee to a lender.
(d) The amount invested in a business.
Correct Answer – (C)
MCQ Class 10 Economics Money and Credit with Answers
Question 6 :
Which of the following is not an informal source of credit?
(a) Money-lender
(b) Relatives and Friends
(c) Commercial Banks
(d) Traders
Correct Answer – (C)
Question 7 :
Grameen Bank of Bangladesh was started in
(a) 1960s
(b) 1970s
(c) 1980s
(d) 1990s
Correct Answer – (B)
Question 8 :
Which of the following is the main informal source of credit for rural households in India?
(a) Friends
(b) Relatives
(c) Landlords
(d) Moneylenders
Correct Answer – (D)
Question 9 :
Which one of the following is a modern form of currency?
(a) Paper notes
(b) Gold
(c) Silver
(d) Copper
Correct Answer – (A)
Question 10 :
Which one of the following is a formal source of credit?
(a) Traders
(b) Cooperative societies
(c) Moneylenders
(d) Friends and relatives
Correct Answer – (B)
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