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

At the time of independence India had ___________________.

  1. no banking system

  2. had very few banks

  3. well developed banking system

  4. fairly developed banking system
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

At the time of independence in 1947, India possessed a banking system that was already established, though it was largely concentrated in urban areas and served specific interests. It was not non-existent, but it was not fully developed or inclusive of the rural population.

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

Which of these is a Quantitative Method of Credit Control?

  1. Bank Rate

  2. Moral Suasion

  3. Margin Requirements

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

Quantitative methods of credit control regulate the total volume of credit in the economy. The Bank Rate is a classic quantitative tool, whereas Moral Suasion is a qualitative or selective method.

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

An asset owned by borrowers and pledged as a guarantee to obtain loan is known as _____ .

  1. rate of interest

  2. term of credit

  3. collateral

  4. document
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

An asset owned by borrowers and pledged as a guarantee to obtain loan is known as collateral.
Collateral is a form of security taken from the borrowers of loan by the banks or co-operative societies to lend loans.
Collateral is a part of terms of credit of the formal sources of credit.

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

In Self Help Groups, _____ decide the savings and loan activity option.

  1. RBI

  2. Co-operatives

  3. Banks

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

In Self Help Groups, group members decide the savings and loan activity options.
SHG is a mutual help group.
They come together to solve their economic issues and earn income.

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

Self Help Groups are issued loans at _____ .

  1. no interest

  2. reasonable rate of interest

  3. high rate of interest

  4. exorbitant rate of interest.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Self Help Groups issue loans at reasonable rate of interest.
In a SHG, important decisions in regard to loan and savings are taken by group members.
SHG is a mutual help group who provide support among themselves.
They come together to solve their economic issues and earn income.

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

How many members are there in a Self Help Group?

  1. 10-15

  2. 10-20

  3. 20-25

  4. 25-30
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation
  • Self Help Group is a small group of 10 to 20 people formed to mutually help each other.
  • SHGs help in promoting self employment, credit, awareness and savings.
  • Banks supports SHGs by means of bank linkage programme.
Multiple choice commercial studies money loans from banks and financial institutions introduction to money - barter system owned fund and borrowed fund

Self Help Groups have  _____ .

  1. mainly encouraged rural women to obtain credit

  2. helped women to become self-reliant

  3. helped women to discuss on relevant issues like health

  4. all of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
SHG is a mutual help group of people who provide support among themselves.
In a SHG (Self Help Group) important decisions in regard to loan and savings are taken by group members.
Self Help Groups issue loans (credit) at reasonable rate of interest.
They come together to solve their economic issues, earn income and become self-reliant.
Helped women to discuss relevant issues like health.
Multiple choice commercial studies money loans from banks and financial institutions introduction to money - barter system owned fund and borrowed fund

Easy term of credit includes _____ .

  1. high rate of interest

  2. lesser number of collateral

  3. higher number of documents

  4. steep condition of repayment
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Easy term of credit includes steep condition of repayment.
Tougher terms of credit include higher rates of interest, collateral security and more number of documents related to loan.

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

Teaser rates are related to which of the following types of loans?

  1. Home Loans

  2. Personal Loans

  3. Auto Loans

  4. Reverse Mortgage Loans
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Teaser Rate: A teaser rate is a low adjustable introductory interest rate which is charged to customers during the initial stages of a loan. The rate, which can be as low as zero per cent, but is not permanent. The rate advertised for a loan, credit card or deposit account in order to attract potential customers to obtain the service. Typically the teaser rate is 0%. The teaser rate is only temporary. After its expiration, the rate increases to a normal or much higher than normal rate, and in some cases, the borrower cannot keep up with making payments.

Multiple choice commercial studies concept of market and marketer meaning and importance of marketing meaning and definition of market introduction to marketing marketing environment meaning and definition of marketer role of marketing

Which one of the following is the apex institution in finance sector of India?

  1. IDBI

  2. NABARD

  3. NHB

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

The Reserve Bank of India (RBI) is the central bank and the apex monetary authority, overseeing the entire financial sector in India.