NCERT Solutions for Chapter: Money and Credit, Exercise 7: LET’S WORK THESE OUT

Author:NCERT

NCERT Social Science Solutions for Exercise - NCERT Solutions for Chapter: Money and Credit, Exercise 7: LET’S WORK THESE OUT

Attempt the practice questions on Chapter 3: Money and Credit, Exercise 7: LET’S WORK THESE OUT with hints and solutions to strengthen your understanding. Understanding Economic Development (Social Science) solutions are prepared by Experienced Embibe Experts.

Questions from NCERT Solutions for Chapter: Money and Credit, Exercise 7: LET’S WORK THESE OUT with Hints & Solutions

MEDIUM
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>LET’S WORK THESE OUT>Q 1

What are the differences between formal and informal sources of credit?

HARD
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>LET’S WORK THESE OUT>Q 2

Why should credit at reasonable rates be available for all?

HARD
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>LET’S WORK THESE OUT>Q 3

Should there be a supervisor, such as the Reserve Bank of India, that looks into the loan activities of informal lenders? Why would its task be quite difficult?

HARD
10th CBSE
IMPORTANT
Understanding Economic Development (Social Science)>Chapter 3 - Money and Credit>LET’S WORK THESE OUT>Q 4

Why do you think that the share of formal sector credit is higher for the richer households compared to the poorer households?