Money and Credit
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MONEY and CREDITS

279850 Assertion (A): In India, no individual can refuse to accepta payment made in rupees. Reason (R): Rupee is the legal tender in India

1 Both assertion and reason are true, and reason is the correct explanation of assertion.
2 Both assertion and reason are true, but reason is not the correct explanation of assertion.
3 Assertion is true, but reason is false.
4 Both assertion and reason are false. 1Mark
MONEY and CREDITS

279851 About 85 percent of the loans taken by poor households in the urban areas are from:

1 Formal sources.
2 Formal sources.
3 Mixed sources.
4 None of the above. 1Mark
MONEY and CREDITS

279852 According to the information given on formal and informal loans how much of a loan is taken by the rich household from informal sources?

1 40%.
2 5%.
3 10%.
4 20%. 1Mark
MONEY and CREDITS

279853 RBI sees that the banks give loans not just to profit-making businesses and traders but also to………..?

1 Cooperatives.
2 Small scale industries & small borrowers.
3 SGH.
4 All of the above. 1Mark
MONEY and CREDITS

279854 Which of the following statements are false?

1 There is no organisation which supervises the credit activities of lenders in the informal sector.
2 RBI stops the money lenders from using unfair means to get their money back.
3 Compared to the formal lenders, most of the informal lenders charges much lesser interest on loans.
4 Only (b) and (c). 1Mark
NEET DIGITAL LIBRARY
MONEY and CREDITS

279850 Assertion (A): In India, no individual can refuse to accepta payment made in rupees. Reason (R): Rupee is the legal tender in India

1 Both assertion and reason are true, and reason is the correct explanation of assertion.
2 Both assertion and reason are true, but reason is not the correct explanation of assertion.
3 Assertion is true, but reason is false.
4 Both assertion and reason are false. 1Mark
MONEY and CREDITS

279851 About 85 percent of the loans taken by poor households in the urban areas are from:

1 Formal sources.
2 Formal sources.
3 Mixed sources.
4 None of the above. 1Mark
MONEY and CREDITS

279852 According to the information given on formal and informal loans how much of a loan is taken by the rich household from informal sources?

1 40%.
2 5%.
3 10%.
4 20%. 1Mark
MONEY and CREDITS

279853 RBI sees that the banks give loans not just to profit-making businesses and traders but also to………..?

1 Cooperatives.
2 Small scale industries & small borrowers.
3 SGH.
4 All of the above. 1Mark
MONEY and CREDITS

279854 Which of the following statements are false?

1 There is no organisation which supervises the credit activities of lenders in the informal sector.
2 RBI stops the money lenders from using unfair means to get their money back.
3 Compared to the formal lenders, most of the informal lenders charges much lesser interest on loans.
4 Only (b) and (c). 1Mark
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MONEY and CREDITS

279850 Assertion (A): In India, no individual can refuse to accepta payment made in rupees. Reason (R): Rupee is the legal tender in India

1 Both assertion and reason are true, and reason is the correct explanation of assertion.
2 Both assertion and reason are true, but reason is not the correct explanation of assertion.
3 Assertion is true, but reason is false.
4 Both assertion and reason are false. 1Mark
MONEY and CREDITS

279851 About 85 percent of the loans taken by poor households in the urban areas are from:

1 Formal sources.
2 Formal sources.
3 Mixed sources.
4 None of the above. 1Mark
MONEY and CREDITS

279852 According to the information given on formal and informal loans how much of a loan is taken by the rich household from informal sources?

1 40%.
2 5%.
3 10%.
4 20%. 1Mark
MONEY and CREDITS

279853 RBI sees that the banks give loans not just to profit-making businesses and traders but also to………..?

1 Cooperatives.
2 Small scale industries & small borrowers.
3 SGH.
4 All of the above. 1Mark
MONEY and CREDITS

279854 Which of the following statements are false?

1 There is no organisation which supervises the credit activities of lenders in the informal sector.
2 RBI stops the money lenders from using unfair means to get their money back.
3 Compared to the formal lenders, most of the informal lenders charges much lesser interest on loans.
4 Only (b) and (c). 1Mark
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MONEY and CREDITS

279850 Assertion (A): In India, no individual can refuse to accepta payment made in rupees. Reason (R): Rupee is the legal tender in India

1 Both assertion and reason are true, and reason is the correct explanation of assertion.
2 Both assertion and reason are true, but reason is not the correct explanation of assertion.
3 Assertion is true, but reason is false.
4 Both assertion and reason are false. 1Mark
MONEY and CREDITS

279851 About 85 percent of the loans taken by poor households in the urban areas are from:

1 Formal sources.
2 Formal sources.
3 Mixed sources.
4 None of the above. 1Mark
MONEY and CREDITS

279852 According to the information given on formal and informal loans how much of a loan is taken by the rich household from informal sources?

1 40%.
2 5%.
3 10%.
4 20%. 1Mark
MONEY and CREDITS

279853 RBI sees that the banks give loans not just to profit-making businesses and traders but also to………..?

1 Cooperatives.
2 Small scale industries & small borrowers.
3 SGH.
4 All of the above. 1Mark
MONEY and CREDITS

279854 Which of the following statements are false?

1 There is no organisation which supervises the credit activities of lenders in the informal sector.
2 RBI stops the money lenders from using unfair means to get their money back.
3 Compared to the formal lenders, most of the informal lenders charges much lesser interest on loans.
4 Only (b) and (c). 1Mark
NEET DIGITAL LIBRARY
MONEY and CREDITS

279850 Assertion (A): In India, no individual can refuse to accepta payment made in rupees. Reason (R): Rupee is the legal tender in India

1 Both assertion and reason are true, and reason is the correct explanation of assertion.
2 Both assertion and reason are true, but reason is not the correct explanation of assertion.
3 Assertion is true, but reason is false.
4 Both assertion and reason are false. 1Mark
MONEY and CREDITS

279851 About 85 percent of the loans taken by poor households in the urban areas are from:

1 Formal sources.
2 Formal sources.
3 Mixed sources.
4 None of the above. 1Mark
MONEY and CREDITS

279852 According to the information given on formal and informal loans how much of a loan is taken by the rich household from informal sources?

1 40%.
2 5%.
3 10%.
4 20%. 1Mark
MONEY and CREDITS

279853 RBI sees that the banks give loans not just to profit-making businesses and traders but also to………..?

1 Cooperatives.
2 Small scale industries & small borrowers.
3 SGH.
4 All of the above. 1Mark
MONEY and CREDITS

279854 Which of the following statements are false?

1 There is no organisation which supervises the credit activities of lenders in the informal sector.
2 RBI stops the money lenders from using unfair means to get their money back.
3 Compared to the formal lenders, most of the informal lenders charges much lesser interest on loans.
4 Only (b) and (c). 1Mark