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Money And Credit

Question
CBSEENSS10018209
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Which one of the following is the main source of credit for rich urban households in India?

  • Formal sector

  • Informal sector


  • Moneylenders

  • Traders

Solution

A.

Formal sector

Some More Questions From Money and Credit Chapter

_________ costs of borrowing increase the debt-burden.

_________ issues currency notes on behalf of the Central Government.

Banks charge a higher interest rate on loans than what they offer on ________.

_________ is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.

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

Formal sources of credit does not include:

Why do we need to expand formal sources of credit in India?

Why is money accepted as a medium of exchange in India?

Answer the questions asked below:

(i)Why are transactions are made in money?

(ii)Why is money is called a medium of exchange?

(iii)What is the most significant feature of the barter system?

Explain the functions of money.

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