NTSE Level Test: Money & Credit - Class 10 MCQ

National Sample Survey Office (NSSO) The National Sample Survey Office(NSSO) in India is a unique setup to carry out surveys on socio-economic, demographic, agricultural and industrial subjects for collecting data from house holds and from enterprises located in villages and in the towns.

Gold Mohar as coin so named was brought in circulation by Sher Shah Suri. Later, it was standardized by the Mughal emperors.

Banks and cooperative societies constitute the formal sector of credit. Landlords, moneylenders, traders, relatives, friends and other sources of credit constitute the informal sector of credit.

1. Formal sources of credit do not include employers as there is no role of these employers all these works are related to banks and the cooperatives.
2. Employers are there merely to serve the bank staff and do the work as it is asked to do by their owner.

The term collateral refers to an asset that a lender accepts as security for a loan. The collateral acts as a form of protection for the lender. That is, if the borrower defaults on their loan payments, the lender can seize the collateral and sell it to recoup some or all of its losses.

C is the correct option.Grameen Bank, Bangladeshi bank founded by economist Muhammad Yunus as a means of providing small loans to poor individuals (see microcredit). In 2006 Grameen and Yunus were awarded the Nobel Prize for Peace.