Question

40all 3G101
5:28 PM
OP JINDAL MODERN SCHOOL, HISAR
UTED
UNIT TEST
SUB:ENGLISH
CLASS:VII.
M.M:40
Q1. Read the following passage and answer the questions that follow :(
marks)
Credit cards are necessity these days. They are considered a boon for the ready
convenience they confer on the user-you do not have to worry about carrying
enough cash while going shopping or to a restaurant. Just flash your card sign
and walk out.But many criticise Credit cards for the easy money syndrome they
generate. Many people fall into a debt trap- thanks to the extensive use of their
cards.But if you are careful with your expenses, they can be a handy thing to
have around. Hence you need to consider the term "responsible usage and
understand the actual significance of living on credit.A credit card does not
mean free credit. In effect, Using is merely postponing payment. While it looks
real good to have to pay only 1000 or 2000 a month on your card, you are
paying interest on the amount that you revolve from one billing cycle to the
next.But there is one precaution we should add. Always settle a credit card bill
in full for good 2 reasons. First, if you are not able to pay up now, you should
not have spent it in the first place. Second, the credit charges tend to be
extremely high, ranging from 2% to 3% per month.Almost every bank has
launched a card, so the biggest hurdle you face is in trying to choose from
amongst them.So how does one choose among the various cards on offer? The
factors for choosing a card revolve around certain differentiating features
offered by each like acceptability, eligibility, fees, other charges, credit period,
cash advance etc.Cards which carry the Master or Visa Affiliation are more
widely accepted across the country compared to Diners and American Express
cards. Similarly, global credit cards are valid even outside India. If you travel
regularly within or outside India, these cards would probably suit you the best
for their acceptability worldwide.
Choose the correct option from the following:
1. The measure that has now reduced the risk of carrying cash money is.
a) Cheques
b) Credit cards
c) Drafts
d) Pay orders
2. Many people give the least importance to the credit cards because,
a) They are materialistic,
b) The cost factor is increased
c) Circumstances of falling in the debt trap are formed.
d) They prefer cash transactions,
3. Credit card holders fall into a debt trap because.
a) They have to pay higher rate of interest.
b) They spend like water
c) It is like one's own money borrowed.
d) None of the above.
:)
5​

Answer 1

Answer:

1 b 2a 3c. .................... .