Money and Credit Class 10 Economics Chapter 3 MCQ Question Answer NCERT Solution

Class 10 Economics Chapter 3 MCQ Question Answer of Money and Credit NCERT Solution in Hindi. NCERT Class 10 Economics Question Answer and Important Question Answer, Textual Question answer also Available for Various Board Students like HBSE, CBSE, UP board, Mp Board, RBSE and some other State Boards.

Also Read:- Class 10 Economics NCERT Solution

NCERT Solution for Class 10 Economics Chapter 3 Money and Credit MCQ Question Answer.

Money and Credit Class 10 MCQ Question Answer

1. Which of the following is an asset that the borrower owns and uses this as a guarantee to a land until the loan is repaid?
(A) Barter System
(B) Agmark
(C) Collateral
(D) Trade


Ans. (C) Collateral

2. Currency notes in India are issued by
(A) Government of India
(B) Reserve Bank of India
(C) State Bank of India
(D) Delhi Government


Ans. (B) Reserve Bank of India

3. In present system which of the following is called “Medium of Exchange”?
(A) Trade
(B) Food
(C) People
(D) Money


Ans. (D) Money

4. Full form of SHG is
(A) Self Help Group
(B) Self Health Group
(C) Self Head Group
(D) Self Hallmark Group


Ans. (A) Self Help Group

5. In a SHG most of the decisions regarding savings and loan activities are taken by
(A) Bank
(B) Members
(C) Non Government Organisation
(D) Reserve Bank of India


Ans. (B) Members

6. Formal sources of credit does not include
(A) Banks
(B) Cooperative
(C) Employers
(D) None of the above


Ans. (C) Employers

7. The informal sources of credit does not include which one of the following?
(A) traders
(B) cooperative societies
(C) friends
(D) money lenders


Ans. (B) cooperative societies

8. How many members a typical self help group should have?
(A) 10-15
(B) 15-20
(C) 20-25
(D) 25-30


Ans. (B) 15-20

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