NEET Test Series from KOTA - 10 Papers In MS WORD
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MONEY and CREDITS
279859
In rural areas farmers take credit for _____.
1 Family
2 Health
3 Crop production
4 Education 1Mark
Explanation:
Family In rural areas farmers take credit for crop production. Farmers usually lend from co-operative societies or banks or from money lenders if banks are not available. Usually, co - operative banks charge lower interest rates as compared to money lenders.
MONEY and CREDITS
279860
A ………… is a paper instructing the bank to pay a specific amount from the person’s account to the person in whose name it has been issued?
1 Deposit slip.
2 Withdrawal slip.
3 ATM facility.
4 Cheque. 1Mark
Explanation:
Cheque.
MONEY and CREDITS
279861
Why do banks keep a small proportion of the deposits as cash with themselves?
1 To extent loan to the poor.
2 To extend loan facility.
3 To pay salary to their staff.
4 To pay the depositors who might come to withdraw money. 1Mark
Explanation:
To pay the depositors who might come to withdraw money.
MONEY and CREDITS
279862
What eliminates the need for double coincidence of wants?
279859
In rural areas farmers take credit for _____.
1 Family
2 Health
3 Crop production
4 Education 1Mark
Explanation:
Family In rural areas farmers take credit for crop production. Farmers usually lend from co-operative societies or banks or from money lenders if banks are not available. Usually, co - operative banks charge lower interest rates as compared to money lenders.
MONEY and CREDITS
279860
A ………… is a paper instructing the bank to pay a specific amount from the person’s account to the person in whose name it has been issued?
1 Deposit slip.
2 Withdrawal slip.
3 ATM facility.
4 Cheque. 1Mark
Explanation:
Cheque.
MONEY and CREDITS
279861
Why do banks keep a small proportion of the deposits as cash with themselves?
1 To extent loan to the poor.
2 To extend loan facility.
3 To pay salary to their staff.
4 To pay the depositors who might come to withdraw money. 1Mark
Explanation:
To pay the depositors who might come to withdraw money.
MONEY and CREDITS
279862
What eliminates the need for double coincidence of wants?
279859
In rural areas farmers take credit for _____.
1 Family
2 Health
3 Crop production
4 Education 1Mark
Explanation:
Family In rural areas farmers take credit for crop production. Farmers usually lend from co-operative societies or banks or from money lenders if banks are not available. Usually, co - operative banks charge lower interest rates as compared to money lenders.
MONEY and CREDITS
279860
A ………… is a paper instructing the bank to pay a specific amount from the person’s account to the person in whose name it has been issued?
1 Deposit slip.
2 Withdrawal slip.
3 ATM facility.
4 Cheque. 1Mark
Explanation:
Cheque.
MONEY and CREDITS
279861
Why do banks keep a small proportion of the deposits as cash with themselves?
1 To extent loan to the poor.
2 To extend loan facility.
3 To pay salary to their staff.
4 To pay the depositors who might come to withdraw money. 1Mark
Explanation:
To pay the depositors who might come to withdraw money.
MONEY and CREDITS
279862
What eliminates the need for double coincidence of wants?
NEET Test Series from KOTA - 10 Papers In MS WORD
WhatsApp Here
MONEY and CREDITS
279859
In rural areas farmers take credit for _____.
1 Family
2 Health
3 Crop production
4 Education 1Mark
Explanation:
Family In rural areas farmers take credit for crop production. Farmers usually lend from co-operative societies or banks or from money lenders if banks are not available. Usually, co - operative banks charge lower interest rates as compared to money lenders.
MONEY and CREDITS
279860
A ………… is a paper instructing the bank to pay a specific amount from the person’s account to the person in whose name it has been issued?
1 Deposit slip.
2 Withdrawal slip.
3 ATM facility.
4 Cheque. 1Mark
Explanation:
Cheque.
MONEY and CREDITS
279861
Why do banks keep a small proportion of the deposits as cash with themselves?
1 To extent loan to the poor.
2 To extend loan facility.
3 To pay salary to their staff.
4 To pay the depositors who might come to withdraw money. 1Mark
Explanation:
To pay the depositors who might come to withdraw money.
MONEY and CREDITS
279862
What eliminates the need for double coincidence of wants?