Chapter 3 – Money and Credit

Farmers usually take crop loans at the beginning of the season and repay the loan after:

Credit sometimes, pushes the borrower to a situation from which recovery is:

Sometimes lenders demand against loan:

Interest rate, security and documentation requirement, and the mode of repayment together comprise what is called the:

Loans from banks and cooperatives are called:

Loans from moneylenders, traders, employers, relatives and friends are called:

The RBI monitors the banks are actually maintaining:

Most of the informal lenders charge:

The rich households are availing cheap credit from formal lenders whereas the poor households:

Cheap and affordable credit is crucial for:

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

Most loans from informal lenders carry a very high interest rate and do little to:

It is important that the formal credit is distributed more equally so that:

The full form of SHG is:

The SHGs help borrowers overcome the problem of:

Everyone prefers to receive payments in:

When both parties agree to sell and buy each others commodities it is known as:

Money is something that can act as a medium:

In early ages, Indians used grains and cattle as:

Modern forms of currency includes:

Which of the following banks issues currency notes on behalf of the Central government to:

No individual in India can:

Banks accept the deposits of the customers and also:

Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called:

A paper, instructing the bank to pay a specific amount to the person in whose name the paper has been made is called a:

Banks use the major portion of the deposits:

Banks mediate between those who have surplus funds and those:

The difference between what is charged from borrowers and what is paid to depositors is:

An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment is called:

In rural areas, the main demand for credit is for: