Ls 3 money and credit

Question 1

Headquarters of RBI is at

Answer 1

Mumbai

Question 2

When was RBI Nationalised

Answer 2

1949

Question 3

How much of the printed currency is let for circulation in RBI

Answer 3

85%

Question 4

All the major and important banks were nationalized in

Answer 4

1969

Question 5

RBI Started its operation on

Answer 5

1St Apr 1935

Question 6

RBI was permanently moved to Mumbai in in the year

Answer 6

1937

Question 7

Which act as a regulator of circulation of money

Answer 7

RBI

Question 8

First printing press of RBI was started at

Answer 8

Nasik

Question 9

Thesis by BR Ambedkar about money

Answer 9

‘The problem of their rupee - Its origin and solution’

Question 10

Which was the substitute of money in olden days

Answer 10

Salt

Question 11

Universally accepted currency

Answer 11

US dollar

Question 12

Money supply is divided into______

Answer 12

4

Question 13

Why do farmers avail credit during monsoon

Answer 13

For buying seeds
agricultural input and
other expenses

Question 14

Sources from which credit is available

Answer 14

Formal financial institutions
informal financial institutions
Self help groups

Question 15

Give examples for formal financial institutions

Answer 15

Nationalised banks
private banks and
cooperative banks

Question 16

Micro credit is received through ________

Answer 16

Self help groups (SHG)

Question 17

What are the issues when we approach informal financial institutions

Answer 17

There are issues like:
safety of the items pledged
High rates of interest and
Modes of recovery