Print Culture and the Modern World Class 10 MCQ Quiz – Test Your Knowledge

Are you ready to test your understanding of "Print Culture and the Modern World" from Class 10 History? This MCQ quiz will help you revise key concepts like the evolution of print technology, the impact of printing on society, and the role of print in revolutions and reforms.

About the Quiz

Chapter Name: Print Culture and the Modern World
Subject: Social Science (History)
Book: NCERT Class 10 History
Question Type: Multiple Choice Questions (MCQs)
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✔ Quick revision for CBSE exams
✔ Based on NCERT textbook concepts
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Chapter 3 - Money and Credit

1 / 15

What is the main difference between formal and informal sources of credit?

Formal sources provide loans only to large-scale industries, while informal sources provide loans to small-scale industries and rural households.

Formal sources require collateral, while informal sources do not require collateral.

Formal sources are supervised by the RBI, while informal sources are not supervised by any organization.

Formal sources charge a higher rate of interest, while informal sources charge a lower rate of interest.

2 / 15

How do banks earn income from deposits?

By charging a higher rate of interest on loans than what they offer on deposits

By paying a higher interest rate on deposits

By investing in stocks and shares

By charging a fee for depositing money

3 / 15

Which one of the following options describes ‘Collateral’?

Asset as a guarantee for a loan

Trade in barter

Double coincidence of wants

Certain products for barter

4 / 15

What are the main terms of credit?

Interest rate, collateral, and documentation requirement

Interest rate, mode of repayment, and time period

Interest rate, collateral, documentation requirement, mode of repayment, and time period

Collateral, documentation requirement, and mode of repayment

5 / 15

Mohan is an agricultural laborer. There are several months in a year when he has no work and needs credit to meet his daily expenses. He depends upon his employer, the landowner for credit who charges an interest rate of 5 percent per month. Mohan repays the money by working physically for the landowner on his farmland. Over the years his debt will –

Remain constant - as he is working for the employer but is repaying less

Increase - because of increasing interest and non-payment of the monthly amount

Be totally repaid - as he is repaying the debt in the form of physical labor

Reduce - as the amount equivalent to his salary is being counted as monthly repayment

6 / 15

In India, who issues the currency notes on behalf of the central government?

State Bank of India

None

Reserve Bank of India

Finance Minister of India

7 / 15

Why is modern currency accepted as a medium of exchange?

Because it is used by all countries

Because it is authorized by the government

Because it is backed by gold reserves

Because it is accepted by international organizations

8 / 15

What are the two forms of modern currency?

Paper notes and mobile wallets

Coins and credit cards

Paper notes and coins

Gold and silver

9 / 15

In SHGs most of the decisions regarding savings and loan activities are taken by _____.

Government organization

Members

LIC

Bank

10 / 15

Find the Incorrect option

With demand deposit payments can be made without cash

Demand deposit share the essential features of money

Demand deposit facility is like a cheque

Demand deposits are a safe way of money transformation

11 / 15

Rohan has taken a loan of Rs.5 lakhs from the bank to purchase a house at a 12% rate of interest. He has to submit papers about the new house and salary records to the bank. What is this process called?

Installments

Principal Amount

Interest Rate

Collateral

12 / 15

Rita has taken a loan of Rs.7 lakhs from the bank to purchase a car. The annual interest rate on the loan is 14.5 percent and the loan is to be repaid in 3 years in monthly installments. The bank retained the papers of the new car as collateral, which will be returned to Rita only when she repays the entire loan with interest.

Analyze the loan information given above, considering one of the following correct options.

Terms of credit

Deposit criteria

Mode of re-payment

Interest on loan

13 / 15

A porter making pots, wants to exchange pots for wheat. Luckily, he meets a farmer who has wheat and is willing to exchange it for pots. What is this situation known as?

Barter system of wants

None of the above

Incidence of wants

Double incidence of wants

14 / 15

Rehman is a poor agricultural labor and needs a loan for cultivation on his small piece of land.

Which of the following would DEFINITELY offer him a fair interest rate and flexible terms of credit?

rich landowner

village moneylender

commercial bank

cooperative society

15 / 15

What is the role of Self-Help Groups (SHGs) in rural society?

They provide loans to small-scale industries and rural households.

They provide a platform for discussing and acting on social issues.

All of the above.

They help borrowers overcome the problem of lack of collateral.

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The average score is 62%

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1	hi	100 %	1 minutes	15
2	A	100 %	1 minutes 18 seconds	15
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11	Swamy yee Sharanam Ayappa	100 %	2 minutes 56 seconds	15
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Key Topics Covered in the Quiz

✔ The Invention of the Printing Press
✔ Print Revolution and its Impact on Society
✔ Role of Print in Reformation, Renaissance & French Revolution
✔ Print Culture in India
✔ New Forms of Literature and Print Censorship

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