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.
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MCQ Class 10 Economics Money and Credit with Answers - Set - 2
Question 1:
Which one of the following is not a modern form of money?
(a) Demand Deposits
(b) Paper currency
(c) Coins
(d) Precious metals
Correct Answer – (D)
Question 2 :
Formal Sources of credit include :
(a) money lenders
(b) co-operatives
(c) Employers
(d) Finance companies
Correct Answer – (B)
Question 3 :
Which one of the following is not a formal source of credit?
(a) Commercial Banks
(b) State Bank of India
(c) Employers
(d) Co-operatives
Correct Answer – (C)
Question 4 :
Which among these is an essential feature of barter system?
(a) Money can easily exchange any commodity
(b) It is based on double co-incidence of wants
(c) It is generally accepted as a medium of exchange of goods with money
(d) It acts as a measure and store of value
Correct Answer – (B)
Question 5 :
What portion of deposits are kept by the banks for their day to day transaction?
(a) 10%
(b) 15%
(c) 20%
(d) 25%
Correct Answer – (B)
MCQ Class 10 Economics Money and Credit with Answers
Question 6 :
Which one of the following is NOT an informal sector loans for poor rural household in India?
(a) Commercial Banks
(b) Moneylenders
(c) Traders
(d) Landlords
Correct Answer – (A)
Question 7 :
Which one of the following agencies issues currency notes on behalf of the government of India?
(a) Ministry of Finance
(b) Reserve Bank of India
(c) State Bank of India
(d) World Bank
Correct Answer – (B)
Question 8 :
Which one of the following is the main source of credit for the rich households?
(a) Informal
(b) Formal
(c) Both formal and informal
(d) Neither Formal nor informal
Correct Answer – (B)
Question 9 :
Which households take more loans from the formal sector?
(a) Poor households and rich household.
(b) Well off households and households with few assets.
(c) Poor households and well off households
(d) Well off households and rich households.
Correct Answer – (D)
Question 10 :
Which is not the main source of credit from the following for rural households in India?
(a) Traders
(b) Relatives and friends
(c) Commercial Banks
(d) Moneylanders
Correct Answer – (A)
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