Money And Credit

Economics
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Self Help Groups are issued loans at _____ .

A
no interest
B
reasonable rate of interest
C
high rate of interest
D
exorbitant rate of interest.
Hard
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In a financial transaction, money can be exchanged in the form of  _____ . 

A
currency notes
B
coins
C
cheques
D
all of these
Hard
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In Self Help Groups, _____ decide the savings and loan activity option.

A
RBI
B
Co-operatives
C
Banks
D
Members
Hard
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Debt- trap occurs due to _____ .

A
inability of the poor to repay back the loans at higher interest to money lenders
B
in case of crop failure, when the farmer get no return for the capital invested in buying agricultural inputs
C
farmer has to sell a part of his land to repay his loan and has no resources to generate income in the next year
D
all of these
Hard
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How many members are there in a Self Help Group?

A
10-15
B
10-20
C
20-25
D
25-30
Hard
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Easy term of credit includes _____ .

A
high rate of interest
B
lesser number of collateral
C
higher number of documents
D
steep condition of repayment
Hard
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Self Help Groups have  _____ .

A
mainly encouraged rural women to obtain credit
B
helped women to become self-reliant
C
helped women to discuss on relevant issues like health
D
all of these
Hard
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Informal sources of credit do not include ____.

A
co-operatives societies
B
employees
C
money lenders
D
relatives and friends
Hard
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