Tag: commercial studies

Quizzes (186) Questions (1136)

Questions Related to commercial studies

Multiple choice commercial studies money loans from banks and financial institutions introduction to money - barter system owned fund and borrowed fund

Paper currency was started in India in _____.

  1. 1862

  2. 1542

  3. 1601

  4. 1880
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
  • In 1861-62, the British rulers introduced its first paper money: ₹10 notes in 1864, ₹5 notes in 1872, ₹10,000 notes in 1899, ₹100 notes in 1900, 50-rupee notes in 1905, 500-rupee notes in 1907 and 1000-rupee notes in 1909.
Multiple choice commercial studies money loans from banks and financial institutions introduction to money - barter system owned fund and borrowed fund

In obtaining a home loan , which of the following might be considered as collateral?

  1. Original sale deed of the property

  2. Documents to indicate the borrower's bank deposits

  3. Other assets owned by the borrower

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The following securities might be considered as collateral:

  1. Original sale deed of the property.
  2. Documents to indicate the borrower's banks deposits.
  3. Other assets owned by the borrower.

Multiple choice commercial studies money loans from banks and financial institutions introduction to money - barter system owned fund and borrowed fund

People deposit their money in the banks as _____ .

  1. money deposited in the banks are safe

  2. it earns interest

  3. both (1) and (2)

  4. money can not be withdrawn as and when
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

People deposit their money in the banks as it earns interest and money deposited in the banks are secured.
Money can be withdrawn any time by the customer on demand.

Multiple choice commercial studies money loans from banks and financial institutions introduction to money - barter system owned fund and borrowed fund

Formal sources of credit do not include ___________.

  1. Banks

  2. Cooperative

  3. Employers

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation


Formal sector credit in India includes loans from banks and cooperatives. RBI supervises their functions of giving loans. Rich urban households depend largely on formal sources of credit. Lower rate of interest on loans is charged as compared to informal sources of credit.

Multiple choice commercial studies money loans from banks and financial institutions introduction to money - barter system owned fund and borrowed fund

One of the delivery channel for Micro Finance is SHG model. SHG means _______________.

  1. Soar Help Group

  2. Sake Help Group

  3. Self Help Group

  4. Store Help Group
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A self-help group is an economic intermediary group of 10 to 20 local women or men between 18 to 40 years. Most self-help groups are situated in India, though SHGs can be established in other countries, particularly in South Asia and Southeast Asia. 

SHG is not whatever thing but a group of people who are on daily wages, they form a group and from that group, one person collects the money and gives the wealth to the person who is in need. Members also make modest measure savings contributions over a few months until there is adequate money in the group to begin lending. 

Thus, the correct option is C.

Multiple choice commercial studies money loans from banks and financial institutions introduction to money - barter system owned fund and borrowed fund

Which of the following is not included in credit exposure?

  1. Bridge Loans

  2. Working Capital Demand Loan

  3. Shares of the company underwritten by the bank

  4. Advances against the Banks fixed deposits granted to a company
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Credit exposure is the total amount of credit made available to a borrower by a lender. Advances against the banks fixed deposit granted to the company is not included in this because it is amount which the lenders grant to the borrower. 

Multiple choice commercial studies money loans from banks and financial institutions introduction to money - barter system owned fund and borrowed fund

Which of the following states in India is at the top in the list of those who availed credit through Self Help Groups (SHGs) ?

  1. Andhra Pradesh

  2. Goa

  3. Arunachal Pradesh

  4. Kerala
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A Self Help Group (SHG) is a financial intermediary committee usually composed of 10–20 local women or men who provide financial assistance to its members by providing them finance in the a minimal interest rate. Kerala was on the  top in the list of the states in India who availed credit through Self Help Groups (SHGs). 

Multiple choice commercial studies money loans from banks and financial institutions introduction to money - barter system owned fund and borrowed fund

Which of the following schemes has been launched specifically for helping Senior Citizens to avail loan by mortgage of the residential property?

  1. English Mortgage Scheme

  2. Senior Capital Loan Scheme

  3. Reverse Mortgage Loan Scheme

  4. DEMAT Account Scheme
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In order to help senior citizens who own a home but do not want to sell them, and yet, supplement their regular cash flow, the government of India has introduced the ‘Reverse Mortgage Scheme, 2008’. 

It helps the elderly to tap into the value of their residential property while living in the house during their lifetime.

Multiple choice commercial studies money loans from banks and financial institutions introduction to money - barter system owned fund and borrowed fund

Which of the following is/are the major problem(s) of rural indebtedness ?
A) The Indian farmer borrows year after year but is not a position to clear off his loans.
B) The size of the loans taken by the Indian farmer is too large whereas his agricultural output is not large enough to play off his debt.
C) Most of the farmers are still taking loans from the informal sources, which charge a very high rate of interest.

  1. Only A

  2. Only B

  3. Only C

  4. All A, B and C
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The major problems of rural indebtedness is that the Indian farmers borrows loan every year from the informal sources which charge very high rate of interest. Even the amount of the loan is very huge which the farmers are not able to repay from their annual earnings which creates a debt trap out of their life.