1) Which one of the following is the appropriate meaning of collateral? a) It is the sum total of money borrowed from banks. b) The amount borrowed from friends. c) (It is an asset of the borrower used as guarantee to a lender. d) The amount invested in a business. 2) credit or loan refers to an agreement between : a) lender and borrower b) government and tax payer 3) Which one of the following is the newer way of providing loans to the rural poor, particularly women? a) cooperative Banks b) Grameen Banks c) Self-Help Groups d) Moneylenders 4) System of exchanging goods for goods is called : a) double coincidence of wants b) credit system c) barter system d) trade system 5) At present which form of money is increasingly used apart from paper money? a) commodity money b) metallic money c) all of the above d) plastic money 6) Grameen Bank of Bangladesh was started in a) 1960s b) 1970s c) 1980s d) 1990s 7) Which body (authority) supervises the functioning of formal sources of loans? a) reserve bank b) grameen bank c) cooperative society d) head of each bank 8) in a SHG, most of the decisions regarding loan activities are taken by a) banks b) members c) ngo d) cooperatives 9) typical Self Help Group usually has a) 100 members b) 20-30 members c) 10-20 d) 15-20 10) Which households take more loans from the formal sector? a) Poor households and rich household. b) Well off households and households with few assets. c) Poor households and well off households d) Well off households and rich households. 11) Which one of the following is not a modern form of money? a) Demand Deposits b) Paper currency c) Coins d) Precious metals 12) Which of the following statements is false a) There is no organization which supervises the credit activities of lenders in the informal sector. b) RBI stops the money lenders from using unfair means to get their money back. c) Compared to the formal lenders, most of the informal lenders charge much lesser interest on loans d) All of the above 13) what is the national currency of germany a) yen b) dollars c) euros d) none of the above 14) official currency_______________happens to be the dominant form of money a) coins b) currency notes c) both a and b d) none of the above

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