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NTSE Level Test: Money & Credit


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10 Questions MCQ Test Social Studies (SST) Class 10 | NTSE Level Test: Money & Credit

NTSE Level Test: Money & Credit for Class 10 2022 is part of Social Studies (SST) Class 10 preparation. The NTSE Level Test: Money & Credit questions and answers have been prepared according to the Class 10 exam syllabus.The NTSE Level Test: Money & Credit MCQs are made for Class 10 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for NTSE Level Test: Money & Credit below.
Solutions of NTSE Level Test: Money & Credit questions in English are available as part of our Social Studies (SST) Class 10 for Class 10 & NTSE Level Test: Money & Credit solutions in Hindi for Social Studies (SST) Class 10 course. Download more important topics, notes, lectures and mock test series for Class 10 Exam by signing up for free. Attempt NTSE Level Test: Money & Credit | 10 questions in 10 minutes | Mock test for Class 10 preparation | Free important questions MCQ to study Social Studies (SST) Class 10 for Class 10 Exam | Download free PDF with solutions
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NTSE Level Test: Money & Credit - Question 1

National Sample Survey Organisation is a:

Detailed Solution for NTSE Level Test: Money & Credit - Question 1

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.

NTSE Level Test: Money & Credit - Question 2

A bill of exchange promising payment to a certain sum written there in: 

Detailed Solution for NTSE Level Test: Money & Credit - Question 2 The bill of exchange contains an unconditional order to pay a certain amount on an agreed date while the promissory note contains an unconditional promise to pay a certain sum of money on a certain date. In India these instruments are governed by the Indian Negotiable Instruments Act 1881.
NTSE Level Test: Money & Credit - Question 3

Which agency is not included in informal loan sector or agency: 

Detailed Solution for NTSE Level Test: Money & Credit - Question 3

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.

NTSE Level Test: Money & Credit - Question 4

In SHG most of the decisions regarding savings and loan activities are taken by: 

Detailed Solution for NTSE Level Test: Money & Credit - Question 4 The most of the decisions regarding savings and loan activities are taken by the members of that particular Self Help Group (SHGs)
NTSE Level Test: Money & Credit - Question 5

The exchange of goods for goods is:

Detailed Solution for NTSE Level Test: Money & Credit - Question 5 Barter system means the trade in which transaction is done with goods. it was used in the ancient times.
NTSE Level Test: Money & Credit - Question 6

Formal sources of credit do not include: 

Detailed Solution for NTSE Level Test: Money & Credit - Question 6

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.

NTSE Level Test: Money & Credit - Question 7

The founder of Grameen bank of Bangladesh is: 

Detailed Solution for NTSE Level Test: Money & Credit - Question 7

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.

NTSE Level Test: Money & Credit - Question 8

Gold mohar, a coin so named was brought in circulation by:

Detailed Solution for NTSE Level Test: Money & Credit - Question 8

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

NTSE Level Test: Money & Credit - Question 9

Currency is issued by:

NTSE Level Test: Money & Credit - Question 10

Security (pledge, mortgage) against loan: 

Detailed Solution for NTSE Level Test: Money & Credit - Question 10

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.

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