HARD
10th CBSE
IMPORTANT
Earn 100

Give reasons why we need to expand formal sources of credit in India.

Important Questions on Money and Credit

MEDIUM
10th CBSE
IMPORTANT
Social Sciences for Class 10>Chapter 28 - Money and Credit>EXERCISES>Q 13
Suggest some ways by which small farmers can get loans at affordable rates of interest.
HARD
10th CBSE
IMPORTANT
Social Sciences for Class 10>Chapter 28 - Money and Credit>EXERCISES>Q 14
Why do banks charge a higher rate of interest on loans given by them as compared to the rates offered to depositors?
MEDIUM
10th CBSE
IMPORTANT
Social Sciences for Class 10>Chapter 28 - Money and Credit>EXERCISES>Q 15
What forces small farmers to seek credit from informal sources even though the interest rates, in that case, are much higher?
MEDIUM
10th CBSE
IMPORTANT
Social Sciences for Class 10>Chapter 28 - Money and Credit>EXERCISES>Q 1
How does the use of money make exchange goods easier?
MEDIUM
10th CBSE
IMPORTANT
Social Sciences for Class 10>Chapter 28 - Money and Credit>EXERCISES>Q 2

What is currency? Why is it accepted as a medium of exchange even though it is without any use of its own?
 

MEDIUM
10th CBSE
IMPORTANT
Social Sciences for Class 10>Chapter 28 - Money and Credit>EXERCISES>Q 3

What is a cheque? In what way are cheque transactions helpful in everyday life?

MEDIUM
10th CBSE
IMPORTANT
Social Sciences for Class 10>Chapter 28 - Money and Credit>EXERCISES>Q 4

What is meant by the debt trap? Illustrate how it puts the borrower into a situation from which recovery can be very painful.

MEDIUM
10th CBSE
IMPORTANT
Social Sciences for Class 10>Chapter 28 - Money and Credit>EXERCISES>Q 5
Why do lenders insist on collateral while giving loans? How does this practice affect the marginal farmers?