HARD
9th Jammu and Kashmir Board
IMPORTANT
Earn 100

One word Answer:

One cooperative bank in rural India giving loans to farmers . ( Coastal Local Area Bank Ltd / Jammu and Kashmir State Cooperative Bank)

50% studentsanswered this correctly

Important Questions on Money and Banking

HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 1
What is double coincidence of wants? Explain with an example?
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 1
Can you think of some examples of goods/services being exchanged or wages being paid through barter?
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 2
Why is money called a medium of exchange?
MEDIUM
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 3
What are the different forms of modern currency?
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 4
Who is authorized to issue currency in India.
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 5
Why can no one refuse to accept payment in rupees?
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 6
Why are the deposits in the bank account called deposits?
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 7
How do banks mediate between those who have surplus money and those who need money?