Practice Credit Control by RBI - 4.5 | 4. Banking in India | ICSE Class 10 Economics
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is credit control?

πŸ’‘ Hint: Think about how banks and economy are connected.

Question 2

Easy

Name one quantitative method of credit control.

πŸ’‘ Hint: Consider the rate at which money is lent by the central bank.

Practice 3 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is the main function of credit control?

  • To increase savings
  • To regulate credit in the economy
  • To promote consumer spending

πŸ’‘ Hint: Think about why a central bank would want to manage money supply.

Question 2

True or False: The Cash Reserve Ratio (CRR) requires banks to retain a portion of their deposits with the RBI.

  • True
  • False

πŸ’‘ Hint: Remember the definition of CRR.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

If the RBI increases the Bank Rate significantly, predict and explain the immediate effects on consumer behavior and business investments.

πŸ’‘ Hint: Consider the general correlation between interest rates and spending behaviors.

Question 2

Analyze a scenario where the RBI decides to use direct action against a non-compliant bank. What might that entail and what could be the repercussions?

πŸ’‘ Hint: Think about how regulatory body actions can influence public perception.

Challenge and get performance evaluation