Q.1
What is the main difference between a village and a hamlet?
  • Hamlets have more people than villages
  • Hamlets only engage in secondary activities
  • Villages have more people than hamlets
  • Villages only engage in secondary activities
Q.2
During 2007-agriculture output has grown at__.
  • 3%
  • 3.2%
  • 2%
Q.3
By March endmore than __ SHGs had reportedly been credit linked.
  • 7 lakhs
  • 8 lakhs
  • 9 lakhs
  • None of these
Q.4
The problem faced in rural banking are
  • insufficient rural credit
  • growing overdues
  • inadequate amount of sanction
  • all of these
Q.5
Which one of the following is not an non- institutional source of credit?
  • Money lenders
  • Relatives
  • Traders
  • Land Development Banks
Q.6
What were the earliest form of objects used as money in India?
  • grains and cattle
  • Coins
  • Jewels
  • Land
Q.7
Credit taken for a period ofyears is known as
  • short term credit
  • medium term credit
  • long term credit
  • all of these
Q.8
Which one of the following is the important characteristic of modern form of currency?
  • It is made from precious metal
  • It is made from thing of everyday use
  • It is authorised by the commercial banks
  • It is authorised by the Government of the country
Q.9
Which of the following is not true regarding the in convenience of Barter Exchange?
  • Lack of double coincidence of want
  • Absence of divisibility
  • Difficulty in storing wealth
  • Availability of money as a medium of exchange.
Q.10
Most of small farmers borrow money from -
  • Banks
  • Post office
  • Village money lenders or traders
  • None of these
Q.11
Which of the following is not an advantage of self-help group?
  • Grant of timely loans
  • Reasonable interests
  • A platform to discuss various issues
  • Does not help women to become self-reliant.
Q.12
Imagine you are a member of a fishing family and you are discussing whether to take a loan from the bank for an engine. What would you say?
  • Take loans from money lenders
  • Take loans from local businessman
  • Arrange money by selling the own property
  • Take loans from the banks
Q.13
Since money acts as an intermediate in the exchange process, it is called _______
  • Medium of trade
  • Medium of Exchange
  • Medium of Business
  • Medium of transaction
Q.14
When both parties agree to sell and buy each others commodities it is known as:
  • measure of value
  • double coincidence of wants
  • store of value
  • credit
Q.15
What kind of loans do members of SHG take?
  • Individual loans
  • Group loans
  • Society loans
  • None of the above
Q.16
Which is one of the major reasons which prevent the poor from getting bank loans?
  • Illiteracy
  • Lack of availability of banks in rural areas
  • Absence of collateral
  • Shy to approach formal organizations
Q.17
_________costs of borrowing increase the debt-burden?
  • high
  • low
  • equal
  • none
Q.18
In rural areas, the main demand for credit is for _________
  • Industry
  • Crop production.
  • Irrigation
  • Cultivation
Q.19
Which one of the following is the main source of credit for the rich households?
  • Informal
  • Formal
  • Both formal and informal
  • Neither Formal nor informal
Q.20
People also have the provision to withdraw the money as and when they require the deposits in the bank accounts to be withdrawn, what are these deposits called?
  • Fixed deposits
  • Savings
  • Demand deposits
  • Demand drafts
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