The exchange of goods for goods is:

1

(a)

Banker of option

(b)

Bills of exchange

(c)

Barter

(d)

Currency

Currency is issued by:

1

(a)

RBI on behalf of central government

(b)

By president of India

(c)

By finance minister

(d)

None of them

National Sample Survey Organisation is a 

1

(a)

Commercial bank organisation

(b)

An organisation of World Bank

(c)

An organisation associated with Indian Standard Institute

(d)

An institution responsible to collect data on formal sector credit.

Gold mohar, a coin so named was brought in circulation by

1

(a)

Akbar

(b)

Sher Shah Suri

(c)

Ashok

(d)

Shivaji

Which agency is not included in informal loan sector or agency

1

(a)

Bank

(b)

Village money lender

(c)

Trader

(d)

Relative of borrower

In SHG most of the decisions regarding savings and loan activities are taken by

1

(a)

Bank

(b)

Members

(c)

Non-government organisations

(d)

LIC

Formal sources of credit do not include

1

(a)

Banks

(b)

cooperatives

(c)

employers

(d)

LIC

Security against loan is 

1

(a)

Collateral

(b)

Token Coins

(c)

Promisory Note

(d)

Currency

The founder of Grameen bank of Bangladesh is

1

(a)

Amartya Sen

(b)

Mohammad Salim

(c)

Mohammad Yunus

(d)

None of the above

A bill of exchange promising to a certain sum written there in 

1

(a)

Currency

(b)

Collateral

(c)

Promisory note

(d)

Bank rate

Why one cannot refuse a payment made in rupees in India?

1

(a)

One cannot refuse a payment made in rupees in India because it is authorised by the Indian government.

Which metals were used for making coins in India in later stages?

1

(a)

Gold, silver and copper coins were used for making coins in later stages in India.

What is collateral?

1

(a)

Collateral is an asset, such as land, vehicle, building, livestock and deposits with banks, that the borrower owns and uses this as a guarantee to a lender until the loan is repaid.

Who issue the currency notes in India?

1

(a)

In India, the currency notes are issued by the Reserve Bank of India (RBI) on behalf of the central government.

How many members does a typically SHG comprise of?

1

(a)

A typical SHG usually comprises 15-20 members.

How does the use of money make it easier to exchange things?

2

(a)

What are the reasons that make Swapna's situation so risky? Discuss factors - pesticides; role of money lenders, climate.

2

(a)

What are the two categories of source of credit? Mention any features of each.

2

(a)

Explain with example, how credit plays a vital and positive role for development?

2

(a)

Explain 'Loans from Cooperatives'.

2

(a)

What are demand deposits? Describe any three salient features of demand deposits.

3

(a)

Prove with an argument that there is a great need to expand formal source of credit in rural India.

3

(a)

Why is it necessary for the banks and cooperative societies to increase their lending facilities in rural areas? Explain.

3

(a)

Explain why the supervision of the functioning of formal sources of loans is necessary?

3

(a)

Explain any three drawbacks of barter system.

3

(a)

What are the various sources of credit in rural areas? Which one of them is the most convenient source of credit? Why is it most convenient? Give two reasons.

5

(a)

Explain the inconvenience of barter-system/exchange.

5

(a)