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1. Which of these is NOT part of terms of credit?
A. Loan amount
B. Interest rate
C. Collateral
D. Borrower’s age
2. Which type of loan arrangement is riskier for poor people?
A. Bank loan
B. Cooperative loan
C. Moneylender loan
D. Government loan
3. Why are informal loans costly?
A. High paperwork
B. High interest rate
C. RBI supervision
D. Free collateral
4. Which section depends more on informal credit?
A. Rich households
B. Poor households
C. Government officers
D. Traders
5. Formal sources of credit include
A. Banks and cooperatives
B. Employers and traders
C. Relatives and friends
D. Moneylenders
6. Informal lenders include
A. Banks
B. Cooperatives
C. Moneylenders and traders
D. RBI
7. Why should formal credit expand in India?
A. To increase tax collection
B. To reduce dependence on costly informal loans
C. To promote foreign trade
D. To reduce bank profits
8. Which group gets maximum share of formal loans?
A. Poor households
B. Rich households
C. Landless labourers
D. Small farmers
9. High interest loans often lead to
A. Higher savings
B. Debt trap
C. Easy repayment
D. No effect
10. What is the main idea behind cheap and affordable credit?
A. To reduce borrowing
B. To promote development
C. To reduce banking system
D. To encourage traders only
11. Which factor prevents poor people from getting bank loans?
A. Lack of collateral
B. Lack of education
C. High crop yields
D. More income
12. SHGs mainly lend for
A. Buying luxury items
B. Production and self-employment
C. Stock market trading
D. Foreign exchange
13. What makes banks trust SHGs?
A. NGO support
B. Group responsibility in repayment
C. Collateral deposit
D. Government order
14. Apart from loans, SHG meetings also discuss
A. Politics only
B. Domestic and social issues
C. Trade policies
D. Bank interest rates
15. Which bank is famous for providing small loans to poor in Bangladesh?
A. World Bank
B. Grameen Bank
C. Reserve Bank of India
D. Cooperative Bank
16. Who founded the Grameen Bank?
A. Amartya Sen
B. Muhammad Yunus
C. Raghuram Rajan
D. Manmohan Singh
17. Majority of Grameen Bank borrowers are
A. Men from rich families
B. Women from poorest sections
C. Government employees
D. Traders
18. When was demonetisation announced in India in recent times?
A. 2000
B. 2016
C. 2014
D. 2018
19. What was promoted after demonetisation to reduce cash use?
A. More barter
B. Digital transactions
C. Foreign currency
D. Gold coins
20. Why is credit important in economic life?
A. It increases government revenue
B. It helps production and development
C. It reduces employment
D. It stops trade
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