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State PSC Current Affairs — practice questions — page 6

Explore 347 free Current Affairs questions in State PSC Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Current Affairs questions and exercises with answers

Showing questions 151–180 of 347.

An agreement in which a lender supplies money or goods for a promise of future payment is:Read the answer and worked solution →Salim the shoe manufacturer took loans to meet which need before the festival season?Read the answer and worked solution →Swapna, whose groundnut crop failed and whose debt grew, illustrates a:Read the answer and worked solution →An asset the borrower owns and pledges as guarantee until a loan is repaid is:Read the answer and worked solution →Interest rate, collateral, documentation and mode of repayment together form the:Read the answer and worked solution →Megha's house loan of Rs 5 lakh carried an annual interest rate of:Read the answer and worked solution →The village moneylender charged Shyamal five per cent a month, which equals what per year?Read the answer and worked solution →Loans from banks and cooperatives belong to which sector of credit?Read the answer and worked solution →Moneylenders, traders, employers, relatives and friends are which kind of lenders?Read the answer and worked solution →Which body supervises the functioning of formal sources of loans in India?Read the answer and worked solution →What share of loans taken by poor urban households comes from informal sources?Read the answer and worked solution →Catch the informal lendersRead the answer and worked solution →Pop the forms of moneyRead the answer and worked solution →Run the credit numbersRead the answer and worked solution →Slice the money wordsRead the answer and worked solution →Formal or informal creditRead the answer and worked solution →Sort the credit conceptsRead the answer and worked solution →Type the numberRead the answer and worked solution →Money and credit bingoRead the answer and worked solution →A company that owns or controls production in more than one nation is a:Read the answer and worked solution →MNCs set up production in regions where they can get:Read the answer and worked solution →Money spent to buy assets like land, buildings and machines is called:Read the answer and worked solution →Investment made by MNCs is called:Read the answer and worked solution →The most common route for MNC investment is to:Read the answer and worked solution →Cargill Foods, the American MNC, bought which Indian company?Read the answer and worked solution →Cargill became India's largest edible oil producer, able to make how many pouches daily?Read the answer and worked solution →Ford Motors has production spread over how many countries?Read the answer and worked solution →Ford Motors came to India in which year?Read the answer and worked solution →Ford spent Rs 1700 crore to set up a large plant near:Read the answer and worked solution →Ford's Indian plant was set up in collaboration with:Read the answer and worked solution →

Worked practice questions

An agreement in which a lender supplies money or goods for a promise of future payment is:

  1. Credit
  2. Barter
  3. Deposit
  4. Cheque
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Correct answer: A. Credit

1. It is also called a loan. 2. This is credit. 3. Everyday transactions often involve it. _Source: syllabus Understanding Economic Development, Chapter 3, Money and Credit._

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Salim the shoe manufacturer took loans to meet which need before the festival season?

  1. Festival gifts
  2. Working capital
  3. House purchase
  4. Land purchase
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Correct answer: B. Working capital

1. He needed workers and raw materials. 2. Credit met his working capital needs. 3. He repaid after delivering the order. _Source: syllabus Understanding Economic Development, Chapter 3, Money and Credit._

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Swapna, whose groundnut crop failed and whose debt grew, illustrates a:

  1. Bank run
  2. Overdraft
  3. Debt trap
  4. Windfall
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Correct answer: C. Debt trap

1. She borrowed from a moneylender. 2. Crop failure pushed her into a debt trap. 3. She sold land to repay. _Source: syllabus Understanding Economic Development, Chapter 3, Money and Credit._

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