Free PDF Download of CBSE Class 10 Social Science Economics Chapter 3 Money and Credit Multiple Choice Questions with Answers. MCQ Questions for Class 10 Social Science with Answers were Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 10 Social Science Economics Money and Credit Multiple Choice Questions with Answers to know their preparation level.

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Money and Credit Class 10 MCQs Questions with Answers

MCQ Questions for Class 10 Economics Chapter 3 Money and Credit with Answers

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1. Which state accounts for maximum percentage of SHGs (self-help groups) in bank credit?

 Andhra Pradesh

 Tamil Nadu

 Kerala

 Karnataka

2. In which country is the Grameen Bank meeting the credit needs of over 6 million poor people?

 Bhutan

 Sri Lanka

 Bangladesh

 Nepal

3. Which households take more loans from the formal sector?

 Poor households and rich household.

 Well off households and households with few assets.

 Poor households and well off households

 Well off households and rich households.

4. System of exchanging goods for goods is called:

 monetary system

  credit system

 barter system

 exchange system

5. Rate of interest charged by moneylenders as compared to that charged by banks is:

 lower

 same

 slightly higher

 much higher

6. Currency is issued in India by :

 commercial banks

 regional rural banks

 nationalised banks

 Reserve Bank of India

7. Which one of the following is not a modern form of money?

 Demand Deposits

 Paper currency

 Coins

 Precious metals

8. In a SHG, most of the decisions regarding loan activities are taken by

 Banks

 Members

 Non-government organisation

 Cooperative

9. Which one of the following is not a formal source of credit?

 Commercial Banks

 State Bank of India

 Employers

 Co-operatives

10. Which one of the following is a formal source of credit?

 Traders

 Cooperative societies

 Moneylenders

 Friends and relatives

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