(Paper) PRE EXAMINATION TEST PAPER (Economics) Set - 3
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PRE EXAMINATION TEST PAPER (Economics) Set - 3
Money
and Credit
Class - X
General Instructions: -
I. Answer to questions carrying 1 mark should not exceed 20 words.
II. Answer to questions carrying 3 marks should not exceed 60-80 words.
III. Answer to questions carrying 4 marks should not exceed 80-100 words.
IV. Attempt all parts of the question together.
1. Define currency. [1]
2. Write a note on .Bangladesh Grameen Bank.. [3]
3. Explain the defects of rural credit. [4]
4. Why is money accepted as a medium of exchange? [4]
5. The following table shows the sources of credit for rural households in India in 2003. [4]
SOURCE SHARE
Money Lenders 30%
Cooperative Societies 27%
Commercial Banks 25%
Other (Traders, relative etc) 18%
On the basis of the above table answer the following questions:-
(a) What is the share formal sector in the total credit.
(b) Suggest two measures for improving the share of formal sector in total credit.
(c) Why is money lender still the largest single source of credit?