MCQ
What do you mean by collateral?
- AIt is the total sum of money with a person.
- BIt is the things kept in the locker.
- CIt is the guarantee given by the lender to the borrower.
- DIt is the security to a lender until the loan is repaid.
What do you mean by collateral?
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Why is money called the medium of exchange?
| (a) An institution that mediates between the depositor and the borrowers | (i) Micro-finance |
| (b) Debt trap | (ii) Mode of payment |
| (c) The mode through which the borrower will repay the loan | (iii) Credit(loan) |
| (d) Self Help Group | (iv) Banks |
Ford Motors came to India in 1995, by 2017, Ford Motors was selling …………….. cars in the Indian markets?
The sector which includes a large number of people was are employed on their own doing small jobs such as selling on the street or doing repair work is referred to as:
The cost of _______has fallen. This has enabled much greater volumes of goods being transported by _______.
| (a) Collateral | (i) Coins were not fully circular in shape and a picture of a king or a person was depicted on it |
| (b) Formal sources of credit | (ii) Property such as land titles, deposits with a bank |
| (c) Gupta coins | (iii) End of a barter system |
| (d) Introduction of money | (iv) Provide loan at low interest |
Which of the following statements are true about consumer movement?
In developed countries, the ………… sector has become the most important in terms of total production.
Out of 200 million children in the school going age group, how many are attending schools?
Globalisation leads to rapid movements of the following between countries: