Money and Credit

In which of the following system(s) ‘double coincidence of wants’ is an essential feature?

Consider the following statements:
1. In India, the Reserve Bank of India issues currency notes on behalf of the central government .
2. Use of rupee as a medium of payment cannot be refused in settling transactions in India.
The correct statement(s) is/are:

Consider the following statements:
1. Banks keep only a small proportion of their deposits as cash with themselves.
2. Banks charge a higher interest rate on loans than what they offer on deposits.
The correct statement(s) is/are:

Which of the following can be used as a collateral part of terms of credit?
1. Land
2. Building
3. Vehicle
4. Livestocks
Choose the correct answer using the codes given below:

Which of the following is/are part of ‘terms of credit’?
1. Interest rate
2. Collateral and documentation requirement
3. Mode of repayment
Choose the correct answer using the codes given below:

Consider the following statements:
1. The Reserve Bank of India supervises the functioning of both formal sources as well as informal sources of loans .
2. Informal lenders charge a much higher interest on loans than formal lenders.
The correct statement(s) is/are:

Which of the following act(s) as inhibiting factor(s) in formal credit accessibility of poor and marginalised people?
1. Lack of bank presence in rural areas
2. Lack of collateral
3. Complex paperwork for credit from formal sources
4. Lack of liquidity for formal sources of credit.
Choose the correct answer using the options given below:

Consider the following statements with respect to Self-Help Groups (SHGs):
1. A typical SHG has 150-200 members, usually belonging to one neighbourhood.
2. Members can take interest-free small loans from the group itself to meet their needs.
The correct statement(s) is/are:

Grameen Bank of Bangladesh is one of the biggest success stories in reaching the poor to meet their credit needs at reasonable rates. Who is the founder of Grameen Bank of Bangladesh?

Consider the following statements:
1. The SHGs help borrowers overcome the problem of lack of collateral.
2. The SHGs also provide a platform to discuss and act on a variety of social issues such as health, nutrition, domestic violence, etc.
The correct statement(s) is/are: