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Quiz 1
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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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