MCQs for Money and Credit
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MCQs for Money and Credit
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12 Questions

1. Why is currency accepted as a medium of exchange?
2. Which among the following banks issues currency notes on behalf of the Central Government in India?
3. In which country is the Grameen Bank meeting the credit needs of over 6 million poor people?
4. Who issues the currency notes in India?
5. Money-lenders usually demand a 'security' from the borrower. What is the formal word used for the 'security', such as land, vehicle, livestock, building, etc.?
6. Which among the following options will be the cheapest source of credit in rural areas?
7. A typical Self Help Group usually has
8. An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment refers to
9. Which of the following is not an informal source of credit?
10. What do the banks do with the deposits which I they accept from the customers?
11. Which body (authority) supervises the functioning of formal sources of loans?
12. What is the main source of income of a bank?

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