CTET Paper II (Upper Primary: Class 6-8)

Money and Markets - Banking Credit Globalization Trade question bank (Social Studies / Social Science)

Practice 34 free CTET Paper II (Upper Primary: Class 6-8) Social Studies / Social Science - Money and Markets - Banking Credit Globalization Trade questions with answers and step-by-step solutions.

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Q1.

In a village, a small farmer needs a loan for crop cultivation. He approaches a local moneylender who charges very high interest rates and demands land as collateral. This high-cost credit from an informal source often leads to:

Topic: Money and Markets - Banking Credit Globalization Trade | Source: AI Generated (CTET Paper II (Upper Primary: Class 6-8))

(A)

A debt trap where the farmer's debt multiplies and increases distress

(B)

Rapid financial prosperity for the farmer

(C)

Immediate waiver of all government taxes

(D)

Transition of the farmer into a formal banker

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Q2.

What is the primary role of commercial banks in the economy regarding savings and credit?

Topic: Money and Markets - Banking Credit Globalization Trade | Source: AI Generated (CTET Paper II (Upper Primary: Class 6-8))

(A)

They print currency notes for the public.

(B)

They accept deposits from people with surplus money and provide loans to those who need funds.

(C)

They collect taxes on behalf of international organizations.

(D)

They regulate stock market prices directly.

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