MCQ Questions | Class 10 Social Science Economics Chapter 3 | Money and Credit with Answers

MCQ Questions for Class10 Social Science Chapter 3 Money and Credit

MCQ | Class 10 Social Science Economics Chapter 3 | Money and Credit Set A

Check the below NCERT MCQ Questions for Class 10 Social Science Economics Chapter 3 Money and Credit with Answers Pdf free download. MCQ Questions for Class 10 Social Science with Answers were prepared based on the latest exam pattern. We have Provided Money and Credit Class 10 Social Science MCQs Questions with Answers to help students understand the concept very well.

Objective Question | Social Science Class 10 Chapter 3

NCERT Solutions Class 10 Social Science Economics
Book:	National Council of Educational Research and Training (NCERT)
Board:	Central Board of Secondary Education (CBSE)
Class:	10th
Subject:	Social Science \| Economics \| Understanding Economic Development
Chapter:	3
Chapters Name:	Money and Credit
Medium:	English

Class 10 Social Science Chapter 3 | Objective Type Questions

You can refer to NCERT Solutions for Class 10 Social Science Chapter 3 Money and Credit to revise the concepts in the syllabus effectively and improve your chances of securing high marks in your board exams.

Q1.	Which one of the following is a formal source of credit?
	A.Traders
	B.Cooperative societies
	C.Moneylenders
	D.Friends and relatives

Q2.	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.

Q3.	Which one of the following is a modern form of currency?
	A.Paper notes
	B.Gold
	C.Silver
	D.Copper

Q4.	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

Q5.	Which of the following is the main informal source of credit for rural households in India?
	A.Friends
	B.Relatives
	C.Landlords
	D.Moneylenders

Q6.	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

Q7.	Grameen Bank of Bangladesh was started in
	A.1960s
	B.1970s
	C.1980s
	D.1990s

Q8.	Which one of the following statements is most appropriate regarding transaction made in money?
	A. It is the easiest way.
	B. It is the safest way.
	C. It is the cheapest way.
	D. It promotes trade.

Q9.	Which one of the following is a modem form of currency?
	A. Gold
	B. Silver
	C. Copper
	D. Paper notes

Q10.	Which among the following authorities issues currency notes on behalf of the government?
	A. Government of India
	B. The State Bank of India
	C. National Bank for Agriculture and Rural Development
	D. Reserve Bank of India

Q11.	In which of the following systems exchange of goods is done without use of money?
	A. Credit system
	B. Barter system
	C. Banking system
	D. Collateral system

Q12.	Banks provide a higher rate of interest on which of the following accounts?
	A. Saving account
	B. Current account
	C. Fixed deposits for long period
	D. Fixed deposits for very short period

Q13.	Banks use the major portion of the deposits to:
	A. Keep as reserve so that people may withdraw
	B. Meet their routine expenses
	C. Extend loans
	D. Meet renovation of bank

Q14.	What percentage of their deposits is kept as cash by the banks in India?
	A.0.25
	B.0.2
	C.0.15
	D.0.1

Q15.	The informal source of credit does not include which one of the following?
	A. Traders
	B. Friends
	C. Cooperative Societies
	D. Moneylenders

Q16.	Which one of the following is the new way of providing loans to the mral poor?
	A. Co-operative societies
	B. Traders
	C. Relatives and friends
	D. SHGs

Q17.	In a SHG, most of the decisions regarding loan activities are taken by
	A.Banks
	B.Members
	C.Non-government organisation
	D.Cooperative

Q18.	Which of the following is not an informal source of credit?
	A.Money-lender
	B.Relatives and Friends
	C.Commercial Banks
	D.Traders

Q19.	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

Q20.	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

MCQ Questions | Class 10 Social Science Economics Chapter 3

MCQ Questions | Class 10 Social Science Economics Chapter 3 | Money and Credit with Answers

MCQ | Class 10 Social Science Economics Chapter 3 | Money and Credit Set A

Objective Question | Social Science Class 10 Chapter 3

Class 10 Social Science Chapter 3 | Objective Type Questions

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