Money and Credit Test

Result

Money and Credit Test - 11

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Weekly Quiz Competition

Question 1
1 / -0

Organisations of rural poor, that help borrowers to overcome the problem of lack of collateral are _____.

A
Self Help Groups

B
Service Holder Groups

C
Self Housing Groups

D
Soul Harassing Groups

Solution

Self Help Group is a small group of organization of 15 to 20 people formed to mutually help each other.
Self Help Groups help in promoting Self Employment , credit, awareness and savings.
Banks support SHGs by means of Bank Linkage programme.
Question 2
1 / -0

Which is the most liquid measure of money supply?

A
$$M_1$$

B
$$M_2$$

C
$$M_3$$

D
$$M_4$$

Solution

Money Supply Measure “M1” M1 consists of the most highly liquid assets. That is, M1 includes all forms of assets that are easily exchangeable as payment for goods and services. It consists of coin and currency in circulation, traveler's checks, demand deposits, and other checkable deposits.
Question 3
1 / -0

Which among the following are the credit rating agencies of India?
1. CRISIL 2. CARE 3.ICRA 4.ONlCRA

A
1 and 3

B
1,2 and 3

C
1,3 and 4

D
All of them

Solution

CRISIL - Credit Rating Information Services of India Limited
CARE - Credit Analysis and Research
ICRA - Investment information and credit rating agency
ONICRA - Onida Individual Credit Rating Agency of India
Question 4
1 / -0

In a Self Help Group, most of the important decisions regarding the savings and loan activities are taken by the _______.

A
government

B
group members

C
group leader

D
banks

Solution

Group members take the important decisions of Self Help Groups because:

-The group owes responsibility for the repayment of loans.

-Other members of the group follow seriously if in case of non-repayment of loan by one member.

-The groups decide with respect to the loans to be granted-the purpose, amount, interest to be charged, repayment schedule, etc.
Question 5
1 / -0

Paper currency was started in India in _____.

A
1862

B
1542

C
1601

D
1880
Solution
- In 1861-62, the British rulers introduced its first paper money: ₹10 notes in 1864, ₹5 notes in 1872, ₹10,000 notes in 1899, ₹100 notes in 1900, 50-rupee notes in 1905, 500-rupee notes in 1907 and 1000-rupee notes in 1909.
Question 6
1 / -0

The District Central Co-operative Banks are in direct touch with _____.

A
reserve bank of india

B
state cooperative banks

C
land development banks

D
central government

Solution

The central co-operative banks are the federations of primary credit societies in a district.
The central co-operative banks are of two types.
The state co-operative bank acts as a watchdog of co-operative banks operating in the state.
Question 7
1 / -0

$$M_3$$ measure of money supply does not include which of the following?

A
cash with public

B
demand deposits with post offices

C
demand deposits with banks

D
time deposits with banks
Question 8
1 / -0

85% of the loans taken by poor households in the rural areas are from ___.

A
cooperatives

B
local bank

C
government bank

D
informal sources

Solution

Majority of the people in rural areas depend on informal sources for loans.
Informal sources include landlords and rich farmers.
The main reasons behind this are:

1. The number of banks in rural remote areas is low.

2. Bank loans require proper documents and collateral (security). Absence of collateral is one of the major reasons which prevents the poor from getting bank loans.

3. Informal lenders like landlords, know the borrower personally and hence, are often willing to give a loan without a security.
Question 9
1 / -0

Which one of the following is not a feature of money?

A
Medium of exchange

B
Lack of divisibility

C
A store of value

D
A unit of account
Question 10
1 / -0

The currency convertibility concept originated in _____.

A
wells agreement

B
Bretton woods agreement

C
Taylors agreement

D
none of the above

Solution

The currency convertibility concept was finalized between 1968-1973 in Bretton Woods Agreement.
The currency convertibility was made available for current account transactions and trade.

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Re-Attempt Weekly Quiz Competition

Money and Credit Test - 11

Result

Money and Credit Test - 11

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SHARING IS CARING

Question 1

Self Help Groups

Service Holder Groups

Self Housing Groups

Soul Harassing Groups

Solution

Question 2

$$M_1$$

$$M_2$$

$$M_3$$

$$M_4$$

Solution

Question 3

1 and 3

1,2 and 3

1,3 and 4

All of them

Solution

Question 4

government

group members

group leader

banks

Solution

Question 5

1862

1542

1601

1880

Solution

Question 6

reserve bank of india

state cooperative banks

land development banks

central government

Solution

Question 7

cash with public

demand deposits with post offices

demand deposits with banks

time deposits with banks

Question 8

cooperatives

local bank

government bank

informal sources

Solution

Question 9

Medium of exchange

Lack of divisibility

A store of value

A unit of account

Question 10

wells agreement

Bretton woods agreement

Taylors agreement

none of the above

Solution

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