Money and Credi...

Why are transactions made in money?

Double coincidence of wants is the feature of

Consider the following statements. Which of the them is NOT true?

Which/who among the following issues currency notes?

Consider the following statements and choose the correct option.

Assertion (A): Workers deposit the extra cash they have, in banks
Reason (R): Banks accept the deposits, and pay interest on it

Consider the following statements and choose the correct option.

Assertion (A): Demand deposit lends the essential characteristics of money
Reason (R): The facility of cheques makes it possible to directly settle payments without the use of cash.

Which among the following is NOT mandatory to be quoted while writing a cheque?

Which among the following cannot be used to spend/withdraw money?

What do the banks do with the deposits which they accept from the public?

Which among the following is/are the main source(s) of income for a bank?

Credit plays a vital role in business. Which among the following does not explain the role of credit in business?

Consider the following statements.

Statement I: Farmers usually take crop loans at the beginning of the season and repay the loan after harvest.
Statement II: Repayment of the loan is crucially dependent on the income from farming.
Statement III: Credit always improves earnings and hence, proves a boon.

Which of the following statements is/are True?

Which among the following cannot be used as a guarantee to the lender, until the loan is repaid?

Sushma wants to take a loan for building a house. Which among the following need(s) to be deposited with the bank for taking a house loan?

Consider the following statements.

Statement I: Cooperative societies are major source of cheap credit for urban areas.
Statement II: Members of a cooperative pool their resources for cooperation in certain areas.

Which of the statements given above is/are NOT correct?