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question_answer1) What are the modern form of money currency in India? Why is it accepted as a medium of exchange? How is it executed? [Delhi 2008]
question_answer2) Study the diagram given below and answer the questions that follow: Source of Credit for Rural Households in India in 2003 (a) Which are the two major sources of credit for rural households in India? (b) Which one of them is the most dominant source of credit for rural households? (c) Why is it the most dominant source of credit? Give two reasons.
question_answer3) What are 'demand deposits'? Describe any three salient features of demand deposits. [Foreign 2008]
question_answer4) What are the reasons why the banks might not be willing to lend to certain borrowers?
question_answer5) In what ways does the Reserve Bank of India supervise the functioning of banks? Why is this necessary?
question_answer6) Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss.
question_answer7) In India, about 80 per cent of farmers are small farmers, who need credit for cultivation. (a) Why might banks be unwilling to lend to small farmers? (b) What are the other sources from which the small farmers can borrow? (c) Explain with an example how the terms of credit can be unfavourable for the small farmer. (c) Suggest some ways by which small farmers can get cheap credit.
question_answer8) Fill in the blanks: (i) Majority of the credit needs of the .................... households are met from informal sources. (ii) .................... costs of borrowing increase the debt-burden. (iii) .................... issues currency notes on behalf of the Central Government. (iv) Banks charge a higher interest rate on loans than what they offer on ........................... (v) .................... is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.
question_answer9) Write a note on formal and informal credit in India.
question_answer10) Explain the inconvenience of barter-system/exchange.
question_answer11) Describe the functions of money.
question_answer12) Define Bank. Also explain the functions commercial bank.
question_answer13) Give the meaning of central bank. Describe the functions of central bank.
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